August 21, 2025 – President Bola Ahmed Tinubu has announced new personal income tax calculator ahead of the new tax reforms that will take effect from January 2026, aimed at creating what he describes as a fairer and more transparent tax system in Nigeria.
Addressing the citizens, he stated, “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.”
As part of these reforms, the government has introduced a Personal Income Tax Calculator.
The tool is designed to help Nigerians estimate their tax obligations under the new system and compare them with the current rates.
According to Tinubu, “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.”
The tax calculator is accessible at fiscalreforms.ng/index.php/pit-calculator.
Workers and businesses can use it to understand how the new income tax rules apply to them. This development is also meant to improve Nigeria’s tax compliance and strengthen revenue without placing undue pressure on struggling families.
The new tax policy, part of Nigeria’s broader fiscal reforms, is expected to attract attention from investors, financial institutions, and tax professionals. The reforms also emphasize redistribution, making sure that higher earners contribute more while lower earners are shielded from heavy financial strain.
Explaining further, the government noted that the calculator simulates both the current tax rates and those under the proposed Nigeria tax bill, giving users a clear picture of their expected payments.
It also highlights that actual tax payable may be reduced by contributions such as pension funds and the National Housing Fund.
President Tinubu concluded, “Together, we are renewing hope in the Nigeria of our dreams. Take a bet on our country. Bet on Nigeria to work for you, your family, and your community.”