FG rolls out guidelines for transition to new tax regime

•Clarifies pre-2026 tax obligations
By Emma Ujah,  Abuja Bureau Chief
The  Federal Government (FG) has released the General Guidelines for the implementation of the Tax Acts 2025, outlining the transition process from the repealed tax laws to the new tax framework, which takes effect from January 1, 2026.
A major provision of the guidelines is that tax returns relating to accounting periods ending before January 1, 2026, will continue to be filed under the repealed tax laws, while returns due from January 1, 2026, onward will be administered under the new tax regime.
Issued in Abuja on Thursday, the Guidelines provide direction to taxpayers, tax practitioners, revenue authorities ...