ABUJA — President Bola Tinubu on Thursday unveiled a personal income tax calculator designed to help Nigerians estimate their tax liabilities under the new tax regime set to take effect in January 2026.
Announcing the tool in a post on X, Tinubu said it was created to make compliance easier, ensure fairness, and shield low-income earners from excessive tax burdens.
“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,” he wrote.
The president explained that the calculator enables citizens to compare their current tax payments with estimates under the new laws, showcasing the reforms’ progressive and transparent structure.
He encouraged Nigerians to try the tool via fiscalreforms.ng, while urging them to keep faith in the country’s economic future.
The development comes after Tinubu 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.
The laws, which take effect from January 1, 2026, are targeted at restoring equity in Nigeria’s tax system and promoting inclusive economic growth.
Comments