By Ayomide Otitoju
The Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has announced that the recently signed tax reform laws will officially take effect on January 1, 2026.
Speaking to State House correspondents on Thursday, Adedeji explained that the extended timeline was intended to give stakeholders—including regulators, operators, and the general public—adequate time to adapt to the changes.
“With the magnanimity of the National Assembly and the assent of Mr. President, the effective date is now January 1, 2026, by the special grace of Almighty God,” he said. “We now have six months for sensitization, planning, and alignment with the government’s fiscal calendar.”
The announcement followed President Bola Tinubu’s assent to four tax reform bills passed by the National Assembly. These include the Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.
The bills were passed after extensive consultations with industry experts and interest groups, marking a significant step toward overhauling Nigeria’s tax structure.
