President Bola Tinubu on Thursday unveiled a personal income tax calculator designed to help Nigerians estimate their tax liabilities under the new regime that will take effect in January 2026.
In a post on his official X handle, Tinubu explained that the tool was developed to simplify compliance, ensure fairness, and shield low-income earners from undue financial strain.
“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,” the president wrote.
According to him, the calculator enables individuals to compare their estimated tax under the new laws with what they currently pay, highlighting the reforms’ progressivity and transparency.
He urged Nigerians to try the tool at fiscalreforms.ng, while appealing to citizens to have faith in the country’s future.
Hobnob News reports that Tinubu recently signed four major tax reform bills into law:
- The Nigeria Tax (Fair Taxation) Law
- The Nigeria Tax Administration Law
- The Joint Revenue Board (Establishment) Law
- The Nigeria Revenue Service (Establishment) Law
All four laws will come into effect on January 1, 2026, with the goal of restoring fairness in the tax system, strengthening revenue administration, and boosting inclusive economic growth.
