Nigerian govt releases tax act guidelines nearly six months after kickoff

The Nigerian authorities has yet issued wide guidelines for the implementation of Tax Acts 2025 astir six months into its commencement connected January 1, 2026. 

This was disclosed successful a connection on Thursday by the spokesperson of the concern ministry, Efe Ovuakporie. 

According to the national government, the guidelines acceptable retired the process for modulation from the repealed taxation laws to the caller taxation framework, which took effect connected January 1. 

The Nigerian authorities explained that the guidelines supply absorption to taxpayers, taxation practitioners, gross authorities, and different stakeholders connected however to code assorted issues arising from the aged authorities to the caller framework.

Commenting connected the guidelines’ release, the curate of concern and Coordinating Minister of the economy, Taiwo Oyedele, said the papers provides a model for managing transitional issues portion ensuring that the caller laws are not applied retrospectively.

He described the Tax Acts 2025 arsenic a important milestone successful Nigeria’s taxation betterment program, noting that the guidelines acceptable retired however existing obligations, ongoing matters, and futu...