New tax laws will commence January 1 as planned — Tinubu 

Share this:

 

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 continue as planned.

This was disclosed in a statement personally signed by President Bola Tinubu on Tuesday.

He said these reforms are a once-in-a-generation opportunity to build a fair, competitive, and robust fiscal foundation for our country.

The tax laws, according to Tinubu are not designed to raise taxes, but rather to support a structural reset, drive harmonisation, and protect dignity while strengthening the social contract.

READ ALSO:  Bombshell prophecy: Pope Francis death predicts 2027 judgment day

“I urge all stakeholders to support the implementation phase, which is now firmly in the delivery stage.

“Our administration is aware of the public discourse surrounding alleged changes to some provisions of the recently enacted tax laws.

“No substantial issue has been established that warrants a disruption of the reform process. Absolute trust is built over time through making the right decisions, not through premature, reactive measures.

“I emphasise our administration’s unwavering commitment to due process and the integrity of enacted laws. The Presidency pledges to work with the National Assembly to ensure the swift resolution of any issue identified.

READ ALSO:  Banks Shut 229 Branches Nationwide as POS Usage Surges

“I assure all Nigerians that the Federal Government will continue to act in the overriding public interest to ensure a tax system that supports prosperity and shared responsibility”, Tinubu said in the statement

Share this:
RELATED NEWS
- Advertisment -
- Advertisment -spot_img

Latest NEWS

Trending News