The Federal Government has issued implementation guidelines for the transition from the repealed tax laws to the new Tax Acts 2025, which take effect from January 1, 2026.
- +Tax Acts 2025: FG issues guidelines for January 2026 transition
The guidelines were announced in a statement issued by the Director of Press Relations, Federal Ministry of Finance, Efe Ovuakporie, on Thursday, June 18, 2026.
The guidelines were announced in a statement issued by the Director of Press Relations, Federal Ministry of Finance, Efe Ovuakporie, on Thursday, June 18, 2026.
The document provides direction for taxpayers, tax practitioners, revenue authorities and other stakeholders on how to manage issues arising from the shift from the previous tax regime to the new framework.
The guidelines clarify how tax liabilities, assessments, audits, investigations, disputes, enforcement actions, incentives and exemptions will be handled during the transition period.
The Federal Government said the guidelines are designed to provide clarity on the application of the Tax Acts 2025 and ensure that the new laws are not applied retrospectively.
Existing tax incentives and exemptions granted under the repealed laws will remain valid until their expiration dates, while new applications and pending requests will be considered under the Tax Acts 2025.
The government said the guidelines cover income taxes, transaction taxes, development levies, tax incentives, exemptions, record-keeping obligations and transactions that span both the old and new tax regimes.
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the guidelines provide a framework for managing transitional issues while ensuring fairness and administrative certainty.
The Federal Government added that the guidelines will help encourage voluntary compliance and improve Nigeria’s investment climate by providing clearer rules for taxpayers and administrators.
President Bola Tinubu signed four tax reform bills into law in June 2025 as part of efforts to overhaul Nigeria’s fiscal and revenue framework.
The Federal Government said the transition guidelines will provide a structured approach for implementing the new tax framework while protecting existing obligations under the previous laws
