The federal government has issued a set of guidelines to govern the transition from the country’s repealed tax laws to a new tax framework that took effect this year, seeking to provide certainty for taxpayers, revenue authorities and investors as Africa’s most populous economy implements one of its most extensive fiscal reform programs in decades.
The ministry of finance said Thursday that the general guidelines for the implementation of the tax Acts 2025 establish how obligations, disputes, audits, incentives and tax filings spanning both the old and new systems will be treated following the commencement of the new regime on Jan. 1, 2026.
Under the new rules, tax liabilities, assessments, audits, investigations, disputes and enforcement actions relating to periods before Jan. 1, 2026, will continue to be administered under the repealed tax laws.
Tax returns covering accounting periods ending before that date will also be filed under the previous legal
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