The Federal Government has released transition guidelines for Nigeria’s new tax regime, clarifying how existing obligations, audits, and incentives will be handled as the country shifts to the Tax Acts 2025.
Nigeria’s tax shake-up just got a roadmap. The Federal Government has released guidelines to ease the transition into its new tax regime, Daily Post reports.
Finance Minister Taiwo Oyedele said the framework rests on three pillars — clarity, fairness and administrative certainty — and spells out how old obligations will be handled. Tax matters tied to periods before January 1, 2026, stay under the old laws, including ongoing audits, disputes and enforcement actions.
Returns for accounting periods before that date follow the previous rules too, while anything from January 2026 onward falls under the new Tax Acts. Existing exemptions remain valid until they expire, though fresh incentive requests will now be judged under the new framework.
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