President Tinubu Confirms Commencement of New Tax Laws Despite Objections

President Tinubu has announced that the new tax laws will take effect on January 1, 2026, despite objections from some quarters. The President clarified that the laws are not aimed at increasing taxes but rather to drive harmony.

He emphasized that the administration is aware of the concerns raised and will ensure due process is followed in the implementation of the laws, working closely with stakeholders including the National Assembly to address any identified issues.