File photo: Finance Minister, Taiwo Oyedele
The Federal Government has issued transition guidelines for the implementation of the Tax Acts 2025, clarifying how taxpayers, tax authorities and other stakeholders should manage obligations arising from the migration from the old tax regime to the new framework that took effect on January 1, 2026.
This was according to a statement issued on Thursday by the Head of Information and Public Relations Unit at the Federal Ministry of Finance, Efe Ovuakporie.
According to the ministry, the document provides direction on the treatment of tax liabilities, assessments, audits, investigations, disputes and enforcement actions relating to periods before and after the commencement of the new tax laws.
“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the General Guidelines for the implementation of the Tax Acts 2025, setting out the process for transition from the repealed tax laws to the new tax framework effective from January 1, 2026,” the statement read.
