Employers welcome clarity on 2025 Tax Acts

The Nigeria Employers’ Consultative Association (NECA) has welcomed the Federal Government’s issuance of the General Guidelines for the Transition and Implementation of the Tax Acts 2025, describing it as a key step in clarifying the country’s ongoing tax reform process.

The guidelines provide direction on how the new tax framework will be implemented and confirm that the Tax Acts 2025 will not apply retrospectively to accounting periods before January 1, 2026.

Speaking on the development, NECA Director-General, Adewale-Smatt Oyerinde, said the clarification helps remove uncertainty that could have arisen from applying the tax provisions to already completed accounting periods.

Oyerinde added that the transition framework strengthens confidence in the reform process and reflects continued engagement between the government and private sector stakeholders.

“The issuance of the transition guidelines demonstrates that constructive engagement between government and the private sector can produce outcomes that strengthen investor confidence, promote regulatory certainty and support economic growth.

“By affirming the principle that the Tax Acts 2025 will not be applied retrospectively, the Federal Government has sent a strong signal that fairness, predictability and respect for the rule of law remain central to Nigeria’s economic reform agenda,” he said.

Arinze Nwafor is a journalist at Punch Newspapers with five years of experience reporting on Nigeria’s economy, industry, data, metro, and judiciary. He focuses on highlighting growth, policy, and market challenges shaping Africa’s largest economy. Arinze’s reporting reflects practical newsroom experience, editorial judgment, and a strong commitment to accurate, informative, and audience-focused journalism.

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