The Federal Government has officially released the General Guidelines for the implementation of the Tax Acts 2025, detailing the transition process from the repealed tax laws to the new tax framework. This new regime will take effect on January 1, 2026.
Key Provisions of the Guidelines
A major provision of the guidelines states that tax returns related to accounting periods ending before January 1, 2026, will continue to be filed under the repealed tax laws. Conversely, returns due from January 1, 2026, onward will be administered under the new tax regime.
Issued in Abuja, the guidelines provide direction to taxpayers, tax practitioners, revenue authorities, and other stakeholders on handling issues arising from the transition to the new framework.
Scope of the Tax Acts 2025
According to the document, the Tax Acts 2025 comprise four key pieces of legislation: the Nigeria Revenue Service (Establishment) Act, the Nigeria Tax Act, the Nigeria Tax Administration Act, and the Joint Revenue Board (Establishment) Act. These acts will apply from their respective commencement dates, with the Nigeria Tax Act taking effect on January 1, 2026.
The document further states that tax liabilities, assessments, audits, investigations, disputes, and enforcement actions relating to periods before that date will be treated under the repealed tax laws.
Treatment of Existing Obligations
The guidelines also address the treatment of income taxes, transaction taxes, development levies, tax incentives, exemptions, record-keeping obligations, and transactions that span both the old and new tax regimes. It clarified that existing tax incentives and exemptions granted under the repealed laws will remain valid until their expiration dates. However, new applications and pending requests will be considered under the provisions of the Tax Acts 2025.
Minister's Remarks
Speaking on the release of the guidelines, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the document provides a framework for managing transitional issues while ensuring that the new laws are not applied retrospectively. He described the enactment of the Tax Acts 2025 as a significant milestone in Nigeria's tax reform programme, noting that the guidelines clearly set out how existing obligations, ongoing matters, and future transactions will be treated under the new regime.
According to the minister, the guidelines are anchored on three key principles: clarity, fairness, and administrative certainty. He added that the guidelines are intended to promote uniform implementation and support effective administration across the Nigeria Revenue Service, State Internal Revenue Services, the FCT Internal Revenue Service, Local Government Revenue Committees, tax practitioners, and taxpayers nationwide.
Government Commitment
The Federal Government reaffirmed its commitment to building a transparent, efficient, and modern tax system that supports economic growth, strengthens revenue administration, encourages voluntary compliance, and improves Nigeria's investment climate.
