FIRS Chairman Explains Benefits, Transition Framework of New Tax Laws
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has said the newly implemented tax laws are designed to create a business-friendly environment by taxing returns rather than investments, while easing the burden on ordinary Nigerians.
Speaking on the implementation benefits of the reforms, Adedeji explained that the new tax regime, which took effect on January 1, 2026, aligns with President Bola Tinubu’s vision of stimulating economic growth while improving revenue efficiency.
According to him, the reforms are structured to encourage productivity and investment, noting that the focus is on taxing outcomes rather than discouraging capital formation or enterprise growth.
“This is the fulfilment of Mr President’s goal and vision to deliver a landmark tax law within our lifetime. When you reflect on the journey so far, it is a significant achievement that one of the promises of this administration is being realised,” Adedeji said.
He commended President Tinubu for his courage in driving the reforms, the National Assembly for its legislative backing, and Nigerian taxpayers for their patience throughout what he described as a long-overdue reform process.
“The feeling is good, and we are looking forward to beginning to see the benefits of this comprehensive tax reform,” he added.
On the transition framework, the FIRS chairman assured stakeholders that adequate measures have been put in place to guarantee seamless continuity in tax collection, audit, and enforcement activities.
He explained that the transition provisions were clearly outlined in the tax laws assented to by the President in June 2025, stressing that the process strictly follows democratic principles and the rule of law.
“Although the law technically took effect immediately after assent, the National Tax Policy requires that major tax changes allow a minimum adjustment period for businesses. Given the scale of these reforms, the President and the National Assembly agreed that full implementation would commence in January 2026,” Adedeji stated.
He added that FIRS has completed all necessary internal adjustments and stakeholder engagements to ensure smooth implementation of the reforms across the country.
