President Bola Tinubu has unveiled a personal income tax calculator designed to help Nigerians understand and estimate their tax obligations under the country’s new fiscal reforms, which take effect from January 1, 2026.
The president announced the launch on Thursday in a post on his official X handle, explaining that the tool was created to simplify compliance, ensure fairness, and shield low-income earners from excessive tax burdens.
“With the new tax laws I recently signed, taking effect from January 2026, we have lifted this burden and created a path of equity, fairness, and true redistribution in our economy,” Tinubu wrote.
According to him, the calculator enables individuals to compare their current tax payments with projected liabilities under the new regime, showcasing the progressive and transparent nature of the reforms.
He urged citizens to try out the tool via fiscalreforms.ng, while expressing confidence in Nigeria’s economic future.
The launch comes after Tinubu signed four major tax reform bills into law, including:
- The Nigeria Tax (Fair Taxation) Law
- The Nigeria Tax Administration Law
- The Joint Revenue Board (Establishment) Law
- The Nigeria Revenue Service (Establishment) Law
These laws, set to commence on January 1, 2026, are expected to promote fairness in taxation, strengthen revenue collection, and drive inclusive economic growth.
