Journal of Economic and Social Dynamics

Abstract

This paper analyses the 2025 new tax laws in Nigeria which were introduced in 2025 but effective from January 1, 2026, marking the most significant restructuring of the nation’s fiscal system since independence, as it consolidates more than ten distinct statutes into four related Acts. It further discusses the key innovations in the tax laws, particularly the Nigeria Tax Act, 2025 as well as the potential challenges that may arise with the implementation and effectiveness of these new tax laws. It concludes by summarily emphasising the importance of the new tax system while also highlighting the need for accountability, transparency and public trust in the pursuit of achieving its transformative goals.