The Abuja Chamber of Commerce and Industry, ACCI, says Nigeria’s new tax reforms will eliminate multiple taxation and foster a transparent, business-friendly revenue system. ACCI President, Emeka Obegolu, spoke at the Abuja Business Tax Roundtable 2025, themed “Demystifying the New Tax Laws,” highlighting collaboration with stakeholders to clarify the 2026 fiscal transition.
The reforms, signed by President Bola Tinubu, include four landmark bills: the Nigeria Tax Bill (Ease of Doing Business), Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill. Officials from the Federal Inland Revenue Service, FIRS, and the Federal Capital Territory – Internal Revenue Service, FCT-IRS, emphasised simplified compliance, incentives for MSMEs, and digital taxation to boost revenue and investment.
Also Read: President Tinubu Approves Establishment of Infrastructure Support Fund for States
The chamber stressed gender-responsive measures to benefit women entrepreneurs and the informal sector, encouraging support for effective implementation and private sector readiness ahead of January 1, 2026.
Leave feedback about this
You must be logged in to post a comment.