NECA Commends Federal Government Over Tax Implementation Transition Guidelines

The Nigeria Employers’ Consultative Association (Nigeria Employers’ Consultative Association) has commended the federal government for issuing the General Guidelines for the Transition and Implementation of the Tax Acts 2025, describing the move as a key milestone in Nigeria’s ongoing tax reform process.
The guidelines are designed to provide clarity on the rollout of the new tax framework and confirm that the Tax Acts 2025 will not apply retrospectively to accounting periods before January 1, 2026.
Reacting to the development, NECA director-general Adewale-Smatt Oyerinde, said the clarification removes uncertainty that could have arisen from applying new tax provisions to already completed accounting periods.
He added that the federal government’s approach strengthens confidence in the reform process and reflects improved stakeholder engagement aimed at supporting compliance and economic stability.
According to Oyerinde, the issuance of the guidelines demonstrates that constructive engagement between government and the private sector can enhance investor confidence, promote regulatory certainty, and support economic growth.
He further noted that the decision to exclude retrospective application of the Tax Acts 2025 signals the government’s commitment to fairness, predictability, and the rule of law in its economic reform agenda.