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FG has released General Guidelines for implementing the Tax Acts 2025, setting January 1, 2026Taxes for periods before 2026 will still follow old laws, while taxes from 2026 onward will follow the new system.Minister Taiwo Oyedele said the new guidelines will make tax rules clear, fair, and easier to follow
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The federal government has released new guidelines on how Nigeria will move to a new tax system under the Tax Acts 2025, which will begin on January 1, 2026.
According to the guidelines released in Abuja on Thursday, June 18 returns for periods ending on or before December 31, 2025 will be handled under the old legislations while returns due on or after January 1, 2026 will fall under the new regime.
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