The Nigerian government says the implementation of the newly signed four landmark fiscal reform tax laws will commence January 1st, 2026.
This was made known on Thursday by the Chairman Nigeria Revenue Service, Zach Adedeji, after the President assented to the tax bills that will now building a framework for a more focused and unlocking system creating opportunities for all.
Adedeji further explained that the six-month period between the enactment of the new fiscal laws is designed to give Nigeria ample time to carefully prepare for their implementation, ensuring that all Nigerians are adequately sensitised.
FIRS Now Nigeria Revenue Service
Zach Adedeji further stated that with the Nigeria Revenue Service Establishment law, the Federal Inland Revenue Service is now known as the Nigeria Revenue Service, NRS.
He also explained that the new law now defines the NRS’s expanded mandate, including non-tax revenue collection, and lays out transparency, accountability, and efficiency mechanisms.
“The Nigeria Revenue Service (Establishment) Bill, the third bill, repeals the current Federal Inland Revenue Service Act and creates a more autonomous and performance-driven national revenue agency.
“Two hours ago before we were FIRS now we are Nigeria Revenue Service with expanded scope to focus on tax collection and with match efficiency.
Chairman Presidential Committee on Tax Reforms, Taiwo Oyedele, disclosed the President Bola Tinubu has directed proper implementation of the laws while ensuring collective participation of all stakeholders.
“The journey is just beginning writing the law, no matter how beautiful, no matter how transformative, no matter how innovative,it means nothing if it is not properly implemented. So we are mindful of that. We are not going to relax.
“Mr President has given us the charge that now is time to move to implementation, and we are ready. We are prepared. It is not something we can do alone, even from the government side. It is something we have to be collective.”
Oyedele added that the committee will now include the private sector,public sector civil society, professional bodies as well as international partners.
“The private sector, public sector, civil society, professional bodies, eh? Tax consultants, everyone, including our international partners, who mean well and will work for Nigeria.
“This is the time to implement with sincerity, lesser purpose, and with purpose, so that when we look back in another one or two years, three years, five years, 10 years down the line, we will say, Yes, we came together as a people, and we directed our country, regardless.” He added.
Olusola Akintonde