The new tax laws recently signed by President Bola Ahmed Tinubu will take effect from January 2026.
The President described the new tax laws as “fair tax system”, and said, it “must never punish poverty or weigh down the most vulnerable”.
He also announced the Personal Income Tax Calculator which he said, will allow Nigerians their estimated tax under the new laws in comparison to “what you currently pay”.
President Tinubu said, his administration will continue to “bet” on Nigeria to ensure the hopes of Nigerians are renewed.
Taking to his official X account, President Tinubu wrote: “Fellow Nigerians,
“A fair tax system must never punish poverty or weigh down the most vulnerable. With the new tax laws I recently signed, taking effect from January 2026, we have lifted this burden and created a path of equity, fairness, and true redistribution in our economy.
“A Personal Income Tax Calculator has been developed. It allows you to check your estimated tax under the new laws against what you currently pay. It shows clearly how these reforms protect low-income earners, ensures progressivity, and simplifies compliance in order to deliver a transparent system that works for all.
“Together, we are renewing hope in the Nigeria of our dreams. Take a bet on our country. Bet on Nigeria to work for you, your family, and your community.”
