"New Tax Law: FIRS Predicts Clarity on Reforms Starting January 1"

Table of Contents

1. Impact of Tax Reforms
2. Revenue Collections
3. Official Statement
4. New Reform Laws
5. Role of Technology
6. FAQs

Nigeria’s Federal Inland Revenue Service (FIRS) has announced that the full effects of the tax reforms will become evident starting on January 1, 2026, when the four executive bills signed by President Bola Ahmed Tinubu come into force.

The Service indicated that this is the reason it closed 2025 with N22.59 trillion in revenue collections.

In a statement released on Sunday, Arabinrin Aderonke Atoyebi, Spokesperson for the Executive Chairman, Dr. Zacch Adedeji, stated that the groundwork has been laid for improved achievements in 2026.

She highlighted that the enactment of four significant tax reform laws, including the Nigeria Revenue Service (Establishment) Act, which officially transitioned FIRS into the Nigeria Revenue Service (NRS), is pivotal to the transformation within the Service.

“The new framework provides the agency with greater autonomy and an expanded mandate that encompasses non-tax revenue while harmonizing previously fragmented tax legislation,” she explained.

“These reforms go beyond mere procedural changes and represent a shift towards a more organized and accountable taxation system, one that can foster economic growth while ensuring fairness and predictability for taxpayers in Nigeria,” she added.

“The legal modifications are anticipated to eliminate confusion for businesses and individuals and to fortify the institutional foundation of revenue administration.

“From January to August 2025, FIRS collected N20.62 trillion, which accounts for 82 percent of its N25.2 trillion annual target.

“By September, total collections had climbed to N22.59 trillion, with non-oil revenue making up a substantial portion. Over two years, from October 2023 to September 2025, total collections reached N47.39 trillion,” she noted.

She further remarked that this performance demonstrates how “a more structured approach to tax administration is beginning to yield results.

“Technology has played a significant role in the agency’s operations throughout the year.

“The complete impact of the reforms is expected to become apparent from January 1, 2026, when the four executive tax reform laws signed by President Bola Ahmed Tinubu take effect.”

“Nigerians can anticipate clearer tax procedures, easier access to services, quicker processing of Tax Identification Numbers and tax clearance certificates, as well as enhanced transparency in revenue management,” she stated.

DAILY POST reports that the new reform laws encompass the Nigeria Tax Bill, the Nigeria Tax Administration Procedure Bill, the Nigeria Revenue Service Establishment Bill, and the Joint Tax Board Establishment Bill.

Eze Chidiebere Paul

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