Priscilla Akpanettot
The Akwa Ibom State Internal Revenue Service (AKIRS) has met with professionals and business associations in the State to sensitize and discuss with them, gains of the new tax reforms.
The engagement which held at the ICT Conference Room of the State Accountant-General’s Office in Uyo on Wednesday, December 3, 2025, had in attendance, members of the Nigerian Bar Association (NBA), the Nigerian Medical Association (NMA), Association of National Accountants of Nigeria (ANAN), Institute of Chartered Accountants of Nigeria (ICAN) and the Chartered Institute of Taxation of Nigeria (CITN).
Others are: Association of Private School Owners, Association of Community Pharmacists, Association of Private Medical Professionals, Nigerian Society of Engineers, Nigerian Institute of Management, Institute of Safety Professionals etc.
Enlightening the gathering, Chairman, AKIRS, Sir Okon Okon said the new national reforms which will be effective from January 2026 will bring far-reaching relief to many Nigerians, boost economic activities and drive growth and development across the country.
Okon Okon who is a member of the Presidential Committee on Fiscal Policy and Tax Reforms, noted that the anxiety over the tax reforms was unfounded as the new tax regime was designed to correct inconsistencies in the national tax system, check the challenges of multiple taxation and curtail the activities of non-state actors and nuisance taxes.
He noted that the existing tax system which was rooted in precolonial laws was marked by fiscal imbalance, inconsistent tax framework across jurisdictions, and multiple tax identifiers that adversely affected compliance by individuals and corporate organizations.
According to Okon who is also a Council Member of the Chartered Institute of Taxation of Nigeria (CITN), the reforms have produced four new tax Acts meant to streamline tax administration in the country, namely: the Joint Revenue Board (3RB) Establishment Act 2025, which replaces the Joint Tax Board (JTB); the Nigeria Revenue Service (NRS) Establishment Act 2025, that replaces the Federal Inland Revenue Service (FIRS); the Nigeria Tax Administration Act (NTAA) 2025; and the Nigeria Tax Acts (NTA) 2025. These, he noted, come with reliefs for many Nigerians, including low-income-friendly-thresholds fiscalization; personal income tax exemptions for those earning below 1 million annually; lower PAYE for incomes less than N1.7m monthly; promotion of efficient, unified, tech-driven tax administration while basic services and commodities such as food, education, health, rents, transport, etc, will attract zero percent VAT. These measures he said, will ease pressure on individuals and families, while the introduction or a National Tax Identification Number (TIN) will encourage compliance, remove bureaucratic bottlenecks in the tax system, free up more revenue for government for development purposes, boost business expansion, create employment opportunities and make for global competitiveness.
On the implications and impact or the new reforms for Akwa Ibom State, the State's tax helmsman said it directly will improve the State's fiscal position as VAT formula has been revised from 50-55% percent, strengthen revenue administration and professionalism, eliminate consumption tax, provide better business environment and protect SMES, and target high net-worth individuals.
He emphasized that the ongoing engagements with diverse groups was to dispel misconceptions, help taxpayers see the benefits of the tax reforms rather than be apprehensive, and to seek collaboration with critical stakeholders in propagating the right message.
“We’re targeting the fruits of investments, not the capital. This is what we want the public to know. For instance, if your turnover as an SME is not up to N100m in a year, you won’t pay tax. The reform has also reduced the payment of Personal Income Tax to N1m, for those earning up to N1milion and above, which is against what used to be. There’ll be more sensitization to people in various categories and communities using handbills, fliers and every platform at our disposal”, he said.
Commending Sir Okon Okon for the initiative to interface with the stakeholders, the Commissioner for Information, Rt. Hon. Aniekan Umanah said there was no need for worries over the new reforms as it was meant to make for fairer, more transparent and efficient frame for tax administration in the country. He also commended him for his efforts in ensuring that the State revenue profile remains high.
Represented by the Permanent Secretary in the Ministry, Akparawa James Edet, Umana expressed optimism that the engagement would result in growth opportunities for the State.
“As stakeholders, this engagement provides guidance on how these reforms will affect operations in the State so we’re optimistic of a positive outcome that would rub off on the State’s economy”, he stated.
Participants who spoke during the interactive session were glad to have been so enlightened. They asked for sustained collaboration with the AKIRS to enhance the knowledge gained, while promising to relate the information received to their members.






















