The Federal Government has released guidelines to steer Nigeria’s transition to a new tax regime.
The guidelines, released on Thursday by the Ministry of Finance, are expected to guide taxpayers, revenue agencies, tax consultants and other stakeholders through the transition period.
The government said the framework addresses key issues surrounding the implementation of the new tax laws, particularly on matters involving existing tax obligations, ongoing audits, pending disputes, tax incentives and transactions that may overlap between both regimes.
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, while speaking on the development, said the guidelines were designed to ensure a smooth transition without creating uncertainty for taxpayers or revenue authorities.
“The Guidelines are anchored on three key principles — clarity, fairness and administrative certainty,” Oyedele said.
According to him, tax liabilities and obligations tied to periods before January 1, 2026, will continue to be governed by the old tax laws.
He said assessments,
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