The implementation of Nigeria’s new tax law is quietly redefining the country’s fiscal architecture, with states and local governments emerging as the biggest beneficiaries of a revised Value Added Tax (VAT) sharing formula that significantly reduces the Federal Government’s take.

The new Nigerian tax regime was formally proposed on October 3, 2024, when President Bola Ahmed Tinubu transmitted the Tax Reform Bills to the National Assembly.

President Bola Ahmed Tinubu has said despite public outcry against the implementation of the new tax law, the law will take effect on Thursday, January 1, 2026. 

We recognise the genuine challenges facing Nigeria’s aviation industry, particularly the burden of multiple taxes, levies, and regulatory charges.

The platform will allow individual Nigerians and businesses to retrieve their tax identification number (Tax ID) using either the National Identification Number (NIN) for individuals and the Corporate Affairs Commission (CAC) registration number for businesses.

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, says the January 1, 2026, date.