By Nana Musa
Abuja, Oct. 28, 2026 (NAN) The Executive Secretary, Joint Revenue Board (JRB), Mr Olusegun Adesokan, says about 92 per cent of earnings earners liable to private earnings tax can pay decrease taxes or be exempt below Nigeria’s new tax legal guidelines.
Adesokan stated this at a information convention on the early outcomes of the tax reforms in Abuja on Wednesday.
He stated the reforms, which took impact in January 2026, had been designed to advertise equity, scale back a number of taxation and enhance income administration throughout the nation.
Adesokan stated the federal government’s imaginative and prescient was to tax prosperity relatively than poverty, earnings relatively than capital, and returns relatively than investments.
According to him, the reforms are guided by equity, fairness, accountability and transparency to enhance voluntary compliance and assist sustainable financial improvement.
He stated the brand new tax framework would shield low-income earners whereas making certain that high-net-worth people contributed their justifiable share to nationwide improvement.
Adesokan stated information from 23 states confirmed a 27 per cent improve in tax income collections between January and June, in contrast with the corresponding interval in 2025.
He attributed the rise to improved income administration and a stronger deal with bringing high-income earners into the tax system.
Adesokan stated the brand new private earnings tax construction exempted the primary N800,000 of annual earnings from tax, whereas greater earnings brackets attracted progressive charges.
He added that the utmost private earnings tax fee below the brand new framework was 25 per cent.
Adesokan stated the reforms had been additionally designed to depart staff with extra disposable earnings by revised tax bands and reliefs.
He cited an instance by which a employee incomes N1.2 million month-to-month may save greater than N80,000 month-to-month below the brand new provisions, relying on relevant deductions.
The govt secretary stated the National Tax Identification system was one other main achievement of the reforms.
He stated the system, developed in collaboration with the Nigerian Revenue Service (NRS), supplied a common tax identification quantity for people and companies.
According to him, the interoperable system would allow income authorities nationwide to confirm taxpayers’ information, scale back administrative bottlenecks and curb a number of taxation.
Adesokan stated taxpayers may retrieve their Tax IDs by designated on-line portals, supplied their private particulars had been correct.
He additionally stated that 21 states had adopted the harmonised taxes and levies framework as of Tuesday night.
He stated the initiative was designed to consolidate a number of taxes and levies into 9 classes, addressing complaints about extreme and overlapping costs.
Adesokan stated the board was working with state income authorities and the police to sort out unlawful collections and unauthorised levies, notably these affecting transportation and the price of items.
He stated the board had additionally issued pointers to advertise uniform tax administration and strengthen coordination between federal and subnational income authorities.
Adesokan urged Nigerians experiencing tax-related disputes or unfair assessments to hunt redress by the Office of the Tax Ombud.
He stated the workplace supplied a channel for complaints involving income authorities, serving to to advertise equity and transparency within the tax system.
Adesokan emphasised that the reforms didn’t introduce new taxes however harmonised current programs to enhance effectivity and compliance.
He stated the last word measure of success could be companies rising, jobs being created and prosperity being shared throughout the nation.(NAN)
NHM/AMM
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Edited by Abiemwense Moru
