Tax guidelines eliminate uncertainty over implementation – NECA

The Nigeria Employers’ Consultative Association (NECA) has commended the Federal Government for issuing the General Guidelines for the Transition and Implementation of the Tax Acts 2025, stating that the move has eliminated uncertainty surrounding the implementation of the country’s new tax framework.

In a statement issued in Lagos, NECA described the guidelines as a major milestone in Nigeria’s ongoing tax reform agenda, noting that they provided clarity on the transition process.

Daily Trust reports that the federal government had last week issued guidelines for the implementation of the Tax Acts 2025, as part of the transition process from repealed tax laws to Nigeria’s new tax framework, which took effect from January 1, 2026.

The guidelines, released by the federal ministry of finance, provide direction to taxpayers, tax practitioners, revenue authorities and other stakeholders on how to address various issues arising during the transition period.

The ministry said tax liabilities, assessments, audits, investigations, disputes and enforcement actions relating to periods before January 1, 2026, would be treated under the repealed tax laws.

Speaking yesterday, the Director-General of NECA, Adewale-Smatt Oyerinde, said the clarification by the federal government addressed concerns that businesses could have faced if new tax provisions were applied to completed accounting periods.

He said the guidelines provided clear direction on the treatment of previous and current tax obligations, thereby strengthening confidence in the reform process and demonstrating the government’s commitment to stakeholder engagement.

“The issuance of the transition guidelines demonstrates that constructive engagement between government and the private sector can produce outcomes that strengthen investor confidence, promote regulatory certainty and support economic growth,” Oyerinde said.

He added that by affirming the principle that the Tax Acts 2025 would not be applied retrospectively, the Federal Government had sent a strong signal that fairness, predictability and respect for the rule of law remained at the centre of Nigeria’s economic reform agenda.

NECA noted that the guidelines would help businesses plan more effectively, improve compliance and enhance economic stability by removing ambiguities that could have complicated the transition to the new tax regime.

The association further expressed optimism that continued collaboration between government and the organised private sector would support the successful implementation of the reforms and contribute to a more competitive business environment.

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