President Bola Tinubu, on Thursday, unveiled a personal income tax calculator for Nigerians.
In an X post on Thursday night, Tinubu said the calculator will allow individuals to estimate their tax liabilities under the new tax regime which will begin from next year.
The president said a fair tax system must never punish poverty or weigh down the most vulnerable.
“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,” Tinubu wrote.
Advertisement
“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, ensures progressivity, and simplifies compliance in order 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.”
Advertisement
Tinubu also asked Nigerians to “bet” on the country, believing it will work for them.
“Bet on Nigeria to work for you, your family, and your community,” he said.
On June 26, the president signed four tax reform bills into law, effective from January 1, 2026.
The four new regulations are the Nigeria tax (fair taxation) law, the Nigeria tax administration law, the joint revenue board (establishment) law, and the Nigeria Revenue Service (establishment) law.
Advertisement
The bills are expected to bring relief to Nigerians, restore fairness in the tax system, and ignite inclusive economic growth.
