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Nigeria Tax Reform Begins with New Joint Revenue Board

The Joint Tax Board has begun its transition in preparation for new tax laws, unveiling a new brand identity in […]

Joint Tax Board

The Joint Tax Board has begun its transition in preparation for new tax laws, unveiling a new brand identity in Abuja. This follows President Bola Tinubu’s signing of the Joint Revenue Board of Nigeria (Establishment) Act 2025 on June 26, which replaces the existing Joint Tax Board with a Joint Revenue Board effective January 1, 2026. The new identity was launched at the Board’s 158th meeting at the Transcorp Hilton, where a new logo was presented.

Chairman Dr. Zacch Adedeji said the fresh identity signals a shift in how revenue administration will be coordinated nationwide, representing renewal, transformation, and a commitment to excellence. The transition aims to deepen collaboration among revenue authorities, improve information sharing, and strengthen compliance. States and relevant agencies must complete all necessary adjustments before the new tax Acts become operational.

The reform marks a significant step toward a more unified revenue administration model, ensuring better alignment of tax policy implementation and supporting Nigeria’s efforts to boost non‑oil revenue. Executive Secretary Mr. Olusegun Adesokan noted that the transition will bring practical benefits for taxpayers and government institutions. The JRB will create a revenue‑friendly environment, and work has already begun to harmonize taxpayer information nationwide. A national taxpayer database is being developed to support the Tax ID project, which will issue Tax ID numbers to individuals and companies based on foundational data such as the National Identification Number and corporate registration records.

The meeting featured presentations from Board committees and reports on reform initiatives from across the federation. Participants discussed managing the transition, anticipating emerging challenges, and ensuring smooth implementation of the new Act. Executive Chairman of the Lagos State Internal Revenue Service, Mr. Ayodele Subair, described the transition as part of “groundbreaking reforms” that will unite all revenue agencies under one structure and harmonize taxes across the country. The new structure grants the Board greater authority and stronger executive powers.

One priority is enforcing the nationwide ban on roadblocks, which contribute to high goods prices; achieving this will require executive orders and advocacy to educate citizens about their rights. The transition is expected to take full effect in January 2026, when the new tax Acts are implemented, marking a significant step toward a more unified and efficient revenue administration system in Nigeria.

Ifunanya

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