The Abuja Chamber of Commerce and Business (ACCI) says the brand new tax reforms will get rid of a number of taxation and create a business-friendly and clear income system to help progress and competitiveness.
Chief Emeka Obegolu, ACCI President, communicated this at a high-level gathering for enterprise leaders and specialists on Tuesday in Abuja.
The assembly, tagged: Abuja Enterprise Tax Roundtable 2025, had the theme “Demystifying the New Tax Legal guidelines.”
Obelogu mentioned the ACCI collaborated with some related stakeholders to deepen understanding of the brand new tax reforms taking impact on Jan. 1, 2026.
He mentioned that the essence of the occasion was to handle enterprise issues forward of the 2026 fiscal transition.
Obelogu mentioned the essence of the occasion was to handle enterprise issues forward of the 2026 fiscal transition.
“The reforms aimed to modernise and harmonise taxation, get rid of a number of taxation, strengthen administration and create a income system that’s clear, inclusive and business-friendly.”
Obegolu mentioned that President Bola Tinubu had just lately signed 4 main tax payments geared toward modernising administration, harmonising processes and eliminating a number of taxation nationwide.
Based on him, in latest months, Tinubu has assented to 4 landmark tax reform payments, which is able to come into full impact on January 1, 2026.
“These legal guidelines contains, the Nigeria Tax Invoice (Ease of Doing Enterprise), the Nigeria Tax Administration Invoice, the Nigeria Income Service (Institution) Invoice, and the Joint Income Board (Institution) Invoice
“The legal guidelines symbolize a daring and strategic restructuring of our nationwide tax system,” he mentioned.
Obelogu mentioned that companies nonetheless struggled to interpret the implications of the reforms, stressing the necessity for readability on compliance necessities, operational changes and transition procedures.
He mentioned the assembly would supply solutions to burning questions from Micro Small and Medium Enterprises (MSMEs), company establishments, start-ups {and professional} service companies throughout the FCT.
Obelogu mentioned that the discussions would study progress alignment, personal sector readiness, digital taxation, compliance improvements and sensible construction of the 2026 fiscal framework.
He mentioned the communiqué anticipated from the assembly would information advocacy, strengthen understanding and help authorities efforts to make sure clean deployment of the reforms.
The president reaffirmed ACCI’s dedication to selling constructive coverage dialogue, transparency and steady enlightenment to strengthen Nigeria’s fiscal system and entice funding.
Dr Zacch Adedeji, Chairman, Federal Inland Income Service (FIRS), mentioned the continuing tax reforms aimed to help companies, particularly small companies, by means of zero per cent revenue tax, capital good points tax exemptions and reliefs that enable corporations to offset gathered losses.
Adedeji, who was represented by Mr Victor Kajesomo, Head, Treaties and Worldwide Tax Coverage Division, FIRS, mentioned that the reforms had been a bridge to stronger and efficient economic system.
He mentioned that the reforms launched new guidelines for companies and people, and restructure tax administration to simplify compliance and increase income technology.
Mr Agabaidu Jideani, ACCI Director-Common, mentioned the reforms had been designed to increase Nigeria’s income base, cut back inefficiencies, modernise taxation and create a predictable setting supporting funding and enterprise stability.
Jideani mentioned that suggestions from companies confirmed persistent questions on transition processes, compliance expectations and sector-specific results of the brand new tax framework.
He appreciated Ferrato Business Ltd., Worldwide Well being Administration Providers Ltd. Abuja Enterprise Company and FIRS for making the assembly a actuality.
Talking, Mr Michael Ango, Government Chairman, FCT-IRS, mentioned that efficient tax administration performs an important function in enhancing the convenience of doing enterprise.
Based on him, well-structured and modernised tax techniques cut back compliance burdens for companies, foster voluntary compliance, and encourage investments.
He inspired enterprise house owners and different stakeholders to help the federal government for efficient implementation of the reform.
Ango was represented by Mrs Nneka Nwachukwu, from the FCT-IRS.
The Chairperson of the ACCI Ladies-in-Enterprise group, Mrs Chioma Njoku, mentioned the reforms held vital advantages for ladies in enterprise, households and the casual sector.
Based on her, the reviewed tax-exempt thresholds and expanded small-company definitions will assist girls entrepreneurs reinvest earnings, develop sustainably and transition into the formal economic system.
Njoku urged gender-responsive implementation, sustained consciousness campaigns and simplified processes to make sure that rural and informal-sector girls weren’t excluded from the advantages.
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