FG Confirms Tax Reforms Starting January 2026
The Federal Government confirmed that reforms in Personal Income Tax (PIT) and Company Income Tax (CIT) will begin in January 2026 to align with the fiscal year. The Chairman of the Federal Inland Revenue Service (FIRS), Zaccheus Adedeji, clarified the government's borrowing strategy, emphasizing the legitimacy of borrowing to finance projects.
Adedeji highlighted the shift from direct overdraft financing to structured federal loans, aiming to stabilize the economy and ease exchange rate pressures. The reforms aim to enhance tax collection efficiency and ensure proper financing for infrastructure projects.
Plus234Feed summary based on reporting from Nigerian Tribune. Read the original report below.
Read full article
Continue on Nigerian Tribune
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
FIRS Chairman Defends Nigerian Govt's Borrowing Framework, Cites Revenue Growth
Nigeria's Revenue Surges to N3.64trn, Justifies Borrowing Plan.
Nigeria Implements New Tax Reform Laws for Fiscal Overhaul
Nigerian Private Sector Worried Over Tax Reform and E-Invoicing Implementation
Nigeria's New Tax Reforms: Impact on Businesses and Finance Professionals
President Tinubu Unveils New Personal Income Tax Calculator For Nigerians
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
