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FG Issues Transition Guidelines for Implementation of Tax Acts 2025 Business Latest Nigeria News Top News FG Issues Transition Guidelines for Implementation of Tax Acts 2025 The Federal Government has released the General Guidelines for the implementation of the Tax Acts 2025, outlining the transition process from repealed tax laws to the new tax framework that took effect on January 1, 2026.... By Ayooluwa Ayobami June 18, 2026 2:02 PM GMT+1 The Federal Government has released the General Guidelines for the implementation of the Tax Acts 2025, outlining the transition process from repealed tax laws to the new tax framework that took effect on January 1, 2026. The guidelines, issued by the Federal Ministry of Finance, provide direction to taxpayers, tax practitioners, revenue authorities and other stakeholders on the administration of tax matters during the shift from the old regime to the new legal framework. According to a statement by the Director of Press Relations at the ministry, Efe Ovuakporie, on Thursday, June 18, the guidelines clarify how tax liabilities, assessments, audits, investigations, disputes and enforcement actions relating to periods before the commencement of…

FG issues transition guidelines for new tax regime FG issues transition guidelines for new tax regime By Reporter • Jun 18, 2026 • 3 min read The Federal Government has released comprehensive transition guidelines for the implementation of the Tax Acts 2025, providing clarity on how taxpayers, revenue authorities and other stakeholders will navigate the shift from Nigeria’s old tax laws to the new tax framework that took effect from January 1, 2026. The guidelines, issued by the Federal Ministry of Finance, outline the procedures for handling tax obligations, assessments, audits, disputes, incentives and other matters arising during the transition from the repealed tax laws to the newly enacted tax system. According to the government, the document is designed to ensure a seamless migration to the new tax regime while safeguarding taxpayers from retrospective application of the law. The Tax Acts 2025 comprise the Nigeria Revenue Service (Establishment) Act, the Nigeria Tax Act, the Nigeria Tax Administration Act and the Joint Revenue Board (Establishment) Act. The government clarified that the provisions of the laws will apply from their respective commencement dates, with the Nige…

FG Issues Transition Guidelines For Tax Acts 2025 The Federal Government has issued the General Guidelines for the implementation of the Tax Acts 2025, setting out the process for transition from the repealed tax laws to the new tax framework that took effect from January 1, 2026. The Guidelines, issued by the Federal Ministry of Finance, provide clarity for taxpayers, tax practitioners, revenue authorities and other stakeholders on how tax matters will be managed during the transition from the old regime to the new framework. This was disclosed in a statement yesterday by the Ministry’s Head of Information, Mrs. Efe Ovuakporie. Advertisement According to the document, the Tax Acts 2025 — comprising the Nigeria Revenue Service (Establishment) Act, the Nigeria Tax Act, the Nigeria Tax Administration Act, and the Joint Revenue Board (Establishment) Act — will take effect from their respective commencement dates as stipulated in the laws, with the Nigeria Tax Act becoming operational on January 1, 2026. The Guidelines state that tax liabilities, assessments, audits, investigations, disputes and enforcement actions relating to periods before the commencement date will continue to be g…

FG Issues Transition Guidelines For Tax Acts 2025 - Leadership News The federal government has issued the general guidelines for the implementation of the Tax Acts 2025, establishing a formal framework for managing the country’s transition from its repealed tax laws to a new tax regime that takes effect from January 1, 2026. The guidelines, released by the Federal Ministry of Finance on Thursday, are addressed to taxpayers, tax practitioners, revenue authorities and other stakeholders, and cover a wide range of issues arising from the changeover — including the treatment of existing tax liabilities, ongoing audits, pending incentive applications, and transactions that straddle both the old and new legal regimes. Speaking on the release, Finance Minister and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, described the document as a framework for managing transitional issues while ensuring that the new laws are not applied with retroactive effect. “The Guidelines are anchored on three key principles — clarity, fairness and administrative certainty,” Oyedele said. The Tax Acts 2025 comprise four statutes: the Nigeria Revenue Service (Establishment) Act, the Nigeria Tax …

JUST IN: FG Releases Guidelines for Transition to New Tax Regime in ... The Federal Government has unveiled fresh guidelines to steer Nigeria’s transition into a new tax regime scheduled to take effect on January 1, 2026. The new directive provides clarity on how tax-related matters will be handled as the country moves away from the existing tax structure to the framework established under the Tax Acts 2025. The guidelines, released on Thursday by the Federal Ministry of Finance, are expected to guide taxpayers, revenue agencies, tax consultants, and other stakeholders through the transition period. According to the government, the framework addresses key issues surrounding the implementation of the new tax laws, particularly on matters involving existing tax obligations, ongoing audits, pending disputes, tax incentives, and transactions that may overlap between both regimes. Speaking on the development, the Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, said the guidelines were designed to ensure a smooth transition without creating uncertainty for taxpayers or revenue authorities. “The Guidelines are anchored on three key principles — clarity, f…

FG issues transition guidelines for new tax regime Share The federal government has issued a set of guidelines to govern the transition from the country’s repealed tax laws to a new tax framework that took effect this year, seeking to provide certainty for taxpayers, revenue authorities and investors as Africa’s most populous economy implements one of its most extensive fiscal reform programs in decades. The ministry of finance said Thursday that the general guidelines for the implementation of the tax Acts 2025 establish how obligations, disputes, audits, incentives and tax filings spanning both the old and new systems will be treated following the commencement of the new regime on Jan. 1, 2026. Under the new rules, tax liabilities, assessments, audits, investigations, disputes and enforcement actions relating to periods before Jan. 1, 2026, will continue to be administered under the repealed tax laws. Tax returns covering accounting periods ending before that date will also be filed under the previous legal framework. Returns that fall due from Jan. 1, 2026 onward, however, will be administered under the provisions of the new tax regime. Read also: NGX pivots back to 2018 market…

FG Releases Guidelines for Smooth Transition to New Tax Regime Nigeria’s Federal Government has released official guidelines to help businesses, taxpayers, and revenue authorities smoothly transition from the country’s old tax system to the new tax framework introduced under the Tax Acts 2025. The guidelines, issued by the Federal Ministry of Finance, provide detailed instructions on how tax matters will be handled as Nigeria moves to the new tax regime, which officially takes effect on January 1, 2026. According to the ministry, the document is designed to ensure a seamless changeover from the repealed tax laws while reducing confusion among taxpayers, tax professionals, investors, and government agencies. Speaking on the development, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the guidelines were created to address transitional issues and ensure fairness during implementation. He explained that the framework is built on three major principles: clarity, fairness, and administrative certainty. These principles are intended to help taxpayers understand their obligations while giving tax authorities a clear roadmap for enforcement and co…

FG issues guidelines for transition to new tax regime <img width="1024" height="683" src="https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2024/12/Tax.jpeg?fit=1024%2C683&amp;ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="An image used to illustrate Tax" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" decoding="async" srcset="https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2024/12/Tax.jpeg?w=1024&amp;ssl=1 1024w, https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2024/12/Tax.jpeg?resize=523%2C349&amp;ssl=1 523w, https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2024/12/Tax.jpeg?resize=768%2C512&amp;ssl=1 768w, https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2024/12/Tax.jpeg?resize=750%2C500&amp;ssl=1 750w" sizes="(max-width: 1024px) 100vw, 1024px" /><p>“The document provides a framework for managing transitional issues while ensuring that the new laws are not applied retrospectively,” says Taiwo Oyedele, Minister of Finance and Coordinating Minister of the Economy.</p> <p>The post <a href="https://www.premiumtimesng.com/news/top-news/888777-fg-issues-guidelines-for-transitio…

Nigeria: Guidelines Issued for Transition to New Tax Regime [Premium Times] "The document provides a framework for managing transitional issues while ensuring that the new laws are not applied retrospectively," says Taiwo Oyedele, Minister of Finance and Coordinating Minister of the Economy.