FG releases tax transition guidelines for 2026 regime, clarifying old/new law obligations
FG released transition guidelines on June 13 to govern Nigeria's shift from repealed tax laws to the 2026 framework effective January 1. The Federal Ministry of Finance document clarifies how tax obligations, audits, disputes, incentives and filings spanning both systems will be handled.
Liabilities, audits, investigations, disputes and enforcement for periods pre-January 2026 remain under repealed laws, while new obligations from January 1 onward follow the new Tax Acts 2025. Similarly, tax returns for periods ending pre-2026 use old framework; post-2026 returns use new laws.
The guidelines preserve existing tax incentives and exemptions until expiration but subject new applications to 2025 provisions. Officials say this ensures smooth migration without retrospective application, providing certainty for businesses and investors during reform implementation.