President Bola Ahmed Tinubu has unveiled a new Personal Income Tax Calculator, designed to help Nigerians understand how the upcoming tax reforms—set to take effect in January 2026—will impact their earnings.
The calculator, accessible via fiscalreforms.ng, allows users to compare their current tax payments with projected liabilities under the new framework. The government says the tool aims to ease compliance, enhance transparency, and shield low-income earners from disproportionate tax burdens.
Taking to his official X (formerly Twitter) account, President Tinubu emphasised the reforms’ commitment to fairness:
“A fair tax system must never punish poverty or weigh down the most vulnerable. With the new tax laws … we have lifted this burden and created a path of equity, fairness, and true redistribution in our economy.”
As part of broader fiscal reforms—including the recent transformation of the FIRS into the Nigeria Revenue Service (NRS)—this initiative represents a strategic push toward modernization, increased revenue collection, and simplified taxation.
The president encouraged widespread public engagement with the tool, stating:
“Together, we are renewing hope in the Nigeria of our dreams. Take a bet on our country. Bet on Nigeria to work for you, your family, and your community.”
This step marks a significant advance in promoting citizen awareness and confidence in Nigeria’s evolving tax landscape.
