The Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji, has announced that the recently enacted tax reform laws will take effect from January 1, 2026.
He explained that the six-month window will allow time for adequate planning, stakeholder engagement, and alignment with the fiscal year.
Adedeji made this disclosure while speaking to State House Correspondents on Thursday.
This follows President Bola Tinubu’s signing of the tax reform bills at the Presidential Villa.
He said, “Based on best practices globally, because when you have this kind of change, it takes time for all the stakeholders, participant operators, and even the regulator to change the system.
“So with the magnanimity of the National Assembly, Mr. President, the effective date will be January 1, 2026, by the special grace of Almighty God. We have six full months for both sensitisation and planning. This is also considering the fiscal year of the government, because when you have this kind of change, it’s not what you do in the media.’’
Adedeji emphasized the need to implement the reforms at the start of a new calendar year, stating, “When you have this kind of change, it’s not what you do mid-year. Because if the application of the law is better, you start from the beginning of the year.
“So effective dates, by God’s grace, will be the first of January 2026.”