Sponsored
News

Tinubu: New Tax Laws Will Commence Jan. 1 As Planned

Sponsored
Sponsored

President Bola Tinubu has declared that the new tax laws, including those that took effect on June 26, 2025, and the remaining acts scheduled to commence on January 1, 2026, will continue as planned.

In a statement Tuesday, the President noted that these reforms are a once-in-a-generation opportunity to build a fair, competitive, and robust fiscal foundation for our country.

“The tax laws are not designed to raise taxes, but rather to support a structural reset, drive harmonisation, and protect dignity while strengthening the social contract,” he said.

President Tinubu added: “I urge all stakeholders to support the implementation phase, which is now firmly in the delivery stage.

“Our administration is aware of the public discourse surrounding alleged changes to some provisions of the recently enacted tax laws.

“No substantial issue has been established that warrants a disruption of the reform process. Absolute trust is built over time through making the right decisions, not through premature, reactive measures.

“I emphasise our administration’s unwavering commitment to due process and the integrity of enacted laws. The Presidency pledges to work with the National Assembly to ensure the swift resolution of any issue identified.

“I assure all Nigerians that the Federal Government will continue to act in the overriding public interest to ensure a tax system that supports prosperity and shared responsibility,” President Tinubu stated.

Sponsored
Funsho Arogundade

Recent Posts

MTN Foundation, UN Women Partner To Empower 200 Rural Women Entrepreneurs

MTN Foundation and United Nations Women have signed a Memorandum of Understanding (MoU) to expand…

19 minutes ago

Man, 54, Arraigned For Allegedly Throwing Wife’s Belongings Onto Street In Lekki

CYRIACUS IZUEKWE A 54-year-old man, John Omoera, was arraigned before a Lagos Magistrate Court over…

58 minutes ago

BBNaija S11: 15 Housemates Up for Eviction in Week 6

All housemates, except Head of House Abi and Most Influential Player of the Week Sheba,…

1 hour ago

“We’re Tired Of Bad Governance” — Ugwumba Movement Assures Chima Amadi Of Support

The growing dissatisfaction with the way Imo State is being governed took another political expression…

2 hours ago

President Tinubu Welcomes Reports Of Growth In GDP, Assures Of Stronger Microeconomic Performance

President Bola Ahmed Tinubu welcomed the encouraging news on Monday from the National Bureau of…

3 hours ago

Alleged N12m Cashew Theft: Court Grants Ibukun Akinsuyi Bail With Two Sureties

CYRIACUS IZUEKWE A 32-year-old man, Ibukun Akinsuyi, was arraigned before a Lagos Magistrate Court over…

4 hours ago
Sponsored