President Bola Tinubu has announced the launch of the personal income tax calculator.
The tax calculator was launched on Thursday to help Nigerians estimate their tax liabilities under the new tax regime that takes effect in January 2026.
In a post on X, Tinubu said the tool was developed to simplify compliance, ensure fairness, and protect low-income earners.
“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.
According to him, the calculator allows individuals to compare their estimated tax under the new laws with what they currently pay, highlighting the reforms’ progressivity and transparency.
The president urged citizens to try the tool at fiscalreforms.ng, while calling on Nigerians to have faith in the country’s future.
Recall that Tinubu recently signed four 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 will come into effect on January 1, 2026, and are aimed at restoring fairness in the tax system and boosting inclusive economic growth.
