"A Fair Tax System Must Never Punish Poverty Or Weigh Down The Most Vulnerable" - Says Tinubu, Unveils Tax Calculator to Show Impact on Incomes
By: Israel Adeleke
OPEN TELEVISION NAIJA (OTN) News reports that the president of the federal republic of Nigeria, Bola Ahmed Tinubu, has urged Nigerians to try a newly launched Personal Income Tax calculator that estimates how much would be paid under the tax reforms his administration recently signed into law, adding that a fair tax system must never punish poverty or weigh down the most vulnerable.
OTN News further reports that the president who disclosed this in a post on his official X account, formerly Twitter, explained that the calculator allows citizens to compare their estimated tax under the proposed reforms with current rates, and ensure a clear understanding of the impact on individual incomes.
Tinubu, who further explained that the reforms will take effect from January 2026, noted that the tax reforms are intended to establish a fair tax system, the one that will never punishes poverty or weighs down the most vulnerable.
According to him, “A fair tax system must never punish poverty or weigh down the most vulnerable. With the new tax laws I recently signed, taking effect from January 2026, we have lifted this burden and created a path of equity, fairness, and true redistribution in our economy.
“A Personal Income Tax Calculator has been developed. It allows you to check your estimated tax under the new laws against what you currently pay.
“It shows clearly how these reforms protect low-income earners, ensure progressivity, and simplify compliance in order to deliver a transparent system that works for all.”
“Together, we are renewing hope in the Nigeria of our dreams. Take a bet on our country. Bet on Nigeria to work for you, your family, and your community.” he said.
The Personal Income Tax calculator can be accessed on https://fiscalreforms.ng/index.php/pit-calculator/.
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