Tinubu launches new tax calculator amid reformsĀ 

President Bola Tinubu on Friday urged Nigerians to try a newly launched Personal Income Tax calculator that estimates how much would be paid under the tax reforms his administration recently signed into law.

0

President Bola Tinubu on Friday urged Nigerians to try a newly launched Personal Income Tax calculator that estimates how much would be paid under the tax reforms his administration recently signed into law.

In a post on his official X account, the President said the calculator allows citizens to compare their estimated tax under the proposed reforms with current rates, and ensure a clear understanding of the impact on individual incomes.

Tinubu said the reforms, which take effect from January 2026, are intended to establish a fair tax system, one that never punishes poverty or weighs down the most vulnerable.

He said, ā€œA fair tax system must never punish poverty or weigh down the most vulnerable.

ā€œWith 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.

ā€œA Personal Income Tax Calculator has been developed. It allows you to check your estimated tax under the new laws against what you currently pay.

ā€œIt shows clearly how these reforms protect low-income earners, ensure progressivity, and simplify compliance in order to deliver a transparent system that works for all.ā€

Tinubu stated further, ā€œTogether, we are renewing hope in the Nigeria of our dreams.

ā€œTake a bet on our country. Bet on Nigeria to work for you, your family, and your community.ā€

The Personal Income Tax calculator can be accessed on https://fiscalreforms.ng/index.php/pit-calculator/.

The PUNCH