Kogi asks residents to embrace upcoming tax changes

Kogi state government has urged its citizens to key into the newly modified tax system of the federal government scheduled to take effect from 1st January, 2025. The Executive Chairman of Kogi State Internal Revenue Service (KGIRS), Alhaji Sule Salihu Enehe gave this appeal yesterday during a one -day stakeholders forum on the Nigeria’s Tax […]

Kogi state government has urged its citizens to key into the newly modified tax system of the federal government scheduled to take effect from 1st January, 2025.

The Executive Chairman of Kogi State Internal Revenue Service (KGIRS), Alhaji Sule Salihu Enehe gave this appeal yesterday during a one -day stakeholders forum on the Nigeria’s Tax Acts 2025 at the government house, Lokoja.

The chairman assured the people of the State that the new Nigeria Tax Acts 2025 would boost the economy, pave rooms for development and improve the living standard of the citizens.

He stressed that the new Tax reform was aimed at enhancing revenue generation, simplifying compliance procedures, and addressing regional disparities in tax administration.

Enehe added that the new Acts introduced a more equitable tax structure designed to protect low-income earners, ease the burden on middle-income groups and apply higher taxes to high-income earners in line with global best practices.

Enehe said : “The Stakeholders’ engagement is targeted at ensuring better understanding of the Nigeria Tax Act ahead of its full implementation January next year.

“Most provisions of the Nigeria Tax Act 2025 are scheduled to become effective on January 1, 2026. The reform package includes four principal acts namely ; Nigeria Tax Act, Nigeria Tax Administration Act, Nigeria Revenue Service (Establishment) Act and Joint Revenue Board (Establishment) Act”.

Equally, the Special Adviser to the Kogi governor on Revenue generation, Nasir Ichanyi who represented the governor on the occasion said the new tax regime harmonises previously fragmented tax laws, eliminates multiple taxation and strengthens transparency in tax administration.

Ichanyi reaffirmed the commitment of the state government to support federal government’s tax reform efforts, which he said were essential to improving revenue generation and strengthening the economy of the nation.

He therefore described the Nigeria Tax Act 2025 as major reforms aimed at widening the tax net, improving compliance, strengthening legal frameworks, and enhancing revenue generation for sustainable development.

However, the participants appealed to the government at all levels to ensure taxpayers derive the necessary benefits from their contributions, stressing the need for strict accountability and transparency in the new tax regime.