Nigerian Govt releases guidelines for transition to new tax regime

The Nigerian Federal Government released guidelines to guide the transition to a new tax regime effective January 1, 2026. Finance Minister Taiwo Oyedele stated that tax liabilities before that date remain under old laws, while new incentive applications will be assessed under the Tax Acts 2025. The four key laws include the Nigeria Revenue Service Act, Nigeria Tax Act, Nigeria Tax Administration Act, and Joint Revenue Board Act.