Tax expert, Oyedele, has emphasized the importance of implementing new tax laws by January 1, 2026. According to him, timely enforcement ensures smooth revenue collection, prevents legal confusion, and allows businesses to plan effectively for the fiscal year. Delays in rolling out tax laws, he said, can lead to administrative bottlenecks and reduce government revenue.

Oyedele pointed out that the new tax reforms are designed to simplify compliance, encourage voluntary payment, and close loopholes in the current system. “Implementing the laws on time gives both taxpayers and the government clarity on obligations and expectations,” he explained. He added that early adoption could boost investor confidence and support economic growth.

The expert also noted that January 1 is a standard fiscal start date, making it the ideal point for enforcement. This alignment, he argued, would ensure that all entities—individuals and corporations—operate under the same legal framework from the beginning of the year. Businesses can then adjust their accounting and reporting to reflect the changes seamlessly.

Oyedele urged policymakers to prioritize awareness campaigns and public education ahead of enforcement. He stressed that citizens and businesses need clear guidance to avoid mistakes and penalties. In conclusion, he affirmed that implementing the new tax laws by January 1 is crucial for transparency, compliance, and fiscal stability.