President Tinubu Unveils Personal Income Tax Calculator
President Bola Tinubu has unveiled a Personal Income Tax Calculator, a digital tool designed to help Nigerians estimate their tax obligations under the new tax regime taking effect from January 2026. The calculator allows individuals to compare their current tax payments with estimates under the new laws.
According to the President, the calculator shows clearly how the reforms protect low-income earners, ensure progress, and simplify compliance to deliver a transparent system that works for all. The President emphasized that a fair tax system must never punish poverty or weigh down the most vulnerable.
Tinubu signed four tax reform bills into law on June 26, effective from January 1, 2026. The new regulations include the Nigeria Tax (Fair Taxation) Law, the Nigeria Tax Administration Law, the Joint Revenue Board (Establishment) Law, and the Nigeria Revenue Service (Establishment) Law.
These laws aim to bring relief to Nigerians, restore fairness in the tax system, and ignite inclusive economic growth.
The President urged Nigerians to “bet on Nigeria” to work for them, their families, and their communities, expressing optimism that the reforms will renew hope in the country. With the new tax laws and the Personal Income Tax Calculator, he believes Nigerians will benefit from a more equitable and transparent tax system.
