President Bola Tinubu on Thursday unveiled a new personal income tax calculator, designed to help Nigerians estimate their tax liabilities under the reformed tax regime set to take effect in January 2026.
Sharing the update via his X handle, Tinubu explained that the tool was created to simplify compliance, ensure fairness, and protect low-income earners.
“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.
The calculator, hosted on fiscalreforms.ng, enables individuals to compare their current tax obligations with their projected payments under the new regime, showcasing the reforms’ progressive and transparent framework.
Tinubu encouraged Nigerians to use the tool and expressed optimism about the country’s economic future.
The development follows his recent signing of four key tax reform bills into law:
- Nigeria Tax (Fair Taxation) Law
- Nigeria Tax Administration Law
- Joint Revenue Board (Establishment) Law
- Nigeria Revenue Service (Establishment) Law
All four laws will officially take effect on January 1, 2026, with the goal of restoring fairness to Nigeria’s tax system and boosting inclusive economic growth.
