BREAKING: President Tinubu Launches New Personal Income Tax Calculator for Nigerians
President Bola Ahmed Tinubu has launched a new Personal Income Tax Calculator for Nigerians to evaluate the impact of the newly signed tax reform compared to the current system. The tax law is set to take effect in January 2026 and aims to promote fairness and equity in Nigeria's revenue system.
Tinubu emphasized that the new tax law is not meant to punish the poor but to create a fair tax system that does not burden the vulnerable. The Personal Income Tax Calculator, available on a website, allows Nigerians to compare their estimated tax payments under the new reform to what they currently pay.
Tinubu stated that the tool is designed to protect earners, ensure progressivity, simplify compliance, and deliver transparency in taxation. He urged Nigerians at home and abroad to take ownership of the nation's development and work together to renew hope in Nigeria.
Plus234Feed summary based on reporting from News Online Nigeria. Read the original report below.
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