|By Adejumo Adekunle

President Bola Tinubu on Thursday unveiled a new personal income tax calculator designed to help Nigerians estimate their liabilities under the tax reforms that take effect in January 2026.

Announcing the tool in a post on X, the president said it was developed to simplify compliance, guarantee fairness, and shield low-income earners from undue burden.

“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,” Tinubu declared.

The calculator, available at fiscalreforms.ng, allows users to compare their current tax payments with projected rates under the new system, showcasing the progressivity and transparency of the reforms.

Tinubu urged Nigerians to try the tool and keep faith in the country’s economic future.

The president had earlier signed four landmark tax reform bills into law: the Nigeria Tax (Fair Taxation) Law, the Nigeria Tax Administration Law, the Joint Revenue Board (Establishment) Law, and the Nigeria Revenue Service (Establishment) Law.

All four laws will take effect on January 1, 2026, and are targeted at restoring fairness in the tax system while driving inclusive economic growth.

About Author

Show Buttons
Hide Buttons