The Federal Government has insisted there will be “no going back” on the implementation of the new tax law set to take effect from January 1, 2026.
The policy, aimed at widening the tax net and increasing government revenue, has been a subject of public debate amid concerns over its timing and potential impact on businesses and individuals.
In a statement on Tuesday, government officials reiterated that the reforms are necessary to strengthen the nation’s fiscal health and support developmental projects.
The updated tax provisions are expected to affect several sectors, including digital services, luxury goods, and high-net-worth individuals, with stricter enforcement mechanisms.
While some stakeholders have called for a postponement or review, authorities maintain that the January 1 commencement date remains firm, urging citizens and enterprises to prepare for full compliance.
The government also promised continued stakeholder engagement to address genuine concerns while emphasizing the importance of the new regime for economic sustainability.
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This report is based on official government statements. Implementation details may be subject to further clarifications. CDA News Nigeria is an independent digital news platform.
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