President Bola Tinubu has launched a Personal Income Tax Calculator, a digital tool designed to simplify tax compliance for Nigerians ahead of the 2026 tax reforms.
Taking to his official X handle on Thursday, Tinubu said the calculator will allow Nigerians to know their tax liabilities under the new tax regime, which will begin from next year.
He also explained that the Personal Income Tax Calculator is a cornerstone of his tax reform agenda, which includes four new laws signed in June 2025: the Nigeria Tax (Fair Taxation) Law, Nigeria Tax Administration Law, Joint Revenue Board (Establishment) Law, and Nigeria Revenue Service (Establishment) Law.
Tinubu said: “With the new tax laws I recently signed, taking effect from January 2026, we have lifted this burden and created a path of equity, fairness, and true redistribution in our economy.
“A Personal Income Tax Calculator has been developed. It allows you to check your estimated tax under the new laws against what you currently pay.
“It shows clearly how these reforms protect low-income earners, ensure progressivity, and simplify compliance to deliver a transparent system that works for all.
“Try the Personal Income Tax calculator at fiscalreforms.ng/index.php/pit-… Together, we are renewing hope in the Nigeria of our dreams.”
Pan-Atlantic Kompass reports that this comes after Tinubu on June 26, signed four tax reform bills into law, effective from January 1, 2026.
Key breakdown of the new tax reforms revealed that for people earning up to 1m naira a year, a rent relief of 200,000 naira will be applied, reducing their taxable income to 800,000 naira.
Also, traders of essential goods and services like food, healthcare, education, rent, power, and baby products will no longer charge a Value Added Tax (VAT).
Likewise, small businesses with an annual turnover below 50 million naira will no longer pay company income tax.
Large businesses will benefit from reduced corporate tax rates, dropping from 30% to 27.5% in 2025 and 25% in subsequent years.
