Tax Reform
Nigeria insists on tax reform implementation from January 2026
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The Federal Government of Nigeria has reaffirmed its commitment to implementing key tax reform laws starting January 1, 2026, despite ongoing procedural reviews by the National Assembly. Taiwo Oyedele, chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, stated that preparations are on track following a briefing with President Bola Tinubu. The reforms aim to ease the tax burden on most Nigerians while promoting economic growth.
The Federal Government of Nigeria has stated that recent alterations to the newly passed tax laws will not significantly impact them. Taiwo Oyedele, Chairman of the Presidential Tax Reform Committee, emphasized that these changes are minor.
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The National Association of Nigerian Students has called on the Federal Government to suspend the January 1, 2026, rollout of the new Tax Reform Law due to procedural flaws and lack of public engagement. The group highlighted discrepancies between the gazetted version and the one passed by the National Assembly, amid concerns over inadequate sensitization efforts. NANS warned of nationwide protests if demands are ignored.
Brazilian states and municipalities disagree with the tax reform's simplification premises and plan to resume 'tax on tax' charges during the transition period. This could spark national litigation, undermining the reform's goal of reducing judicial disputes. The country already leads the world in tax litigation.
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President Gustavo Petro's government presented an adjusted tax reform, cutting its revenue target from $26 billion to $16 billion after congressional agreements. Controversial taxes like VAT on fuels and bills were removed, but levies on alcohol, tobacco, and online gambling remain. The proposal aims to fund the 2026 National Budget, though it faces political opposition.
CAME press secretary Salvador Femenia and tax expert Marcelo Rodríguez highlighted the need for structural reforms to ease pressure on small businesses and workers. In interviews with Canal E, both stressed the importance of a predictable financial system and clear tax simplification. Without political consensus, they warn, progress could be limited.
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In an op-ed in Le Monde, Jérôme Fournel, former chief of staff to Michel Barnier, calls for a major overhaul of budgetary aids and tax niches ahead of the 2026 budget. He criticizes the accumulation of hundreds of costly measures burdening public finances. This reform aims to address a deficit equaling 6% of GDP in 2024.