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HomeBusiness and EconomyImplementation of Tax Law, No going back on January 1, Says Tinubu

Implementation of Tax Law, No going back on January 1, Says Tinubu

Tax law: Tinubu makes pronouncement ahead Jan 1

President Bola Tinubu says no substantial issue has been established that warrants the disruption of the tax reform process, hence the new tax laws, including those that took effect on June 26, 2025, and the remaining acts scheduled to commence on January 1, 2026, will proceed as planned.

This is contained in a statement by his spokesman, Sunday Dare, on Tuesday in Abuja.

According to the president, the reforms are a once-in-a-generation opportunity to build a fair, competitive, and robust fiscal foundation for our country.

Tinubu maintained that the tax laws were not designed to raise taxes, but to support a structural reset, drive harmonisation and protect dignity.

He urged all stakeholders to support the implementation phase, which is now firmly in the delivery stage.

The president added that his government is aware of the public discourse surrounding alleged changes to some provisions of the recently enacted tax laws.

Tinubu reiterated that no substantial issue has been established that warrants a disruption of the reform process.

He stated that absolute trust is built over time through making the right decisions, not through premature, reactive measures.

The President emphasized that his administration is committed to due process and the integrity of enacted laws.

“We pledge to work with the National Assembly to ensure the swift resolution of any issue identified.

“We will continue to act in the overriding public interest to ensure a tax system that supports prosperity and shared responsibility,” the statement said.

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