Tax ID Now Compulsory For Nigerians: What You Should Know - DAILY GIST
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
DAILY GIST
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
No Result
View All Result
DAILY GIST
No Result
View All Result

Tax ID Now Compulsory For Nigerians: What You Should Know

Adam PR by Adam PR
September 14, 2025
in ARTICLES
0
Tax ID Now Compulsory For Nigerians: What You Should Know
21k
SHARES
21k
VIEWS
Share on WhatsAppShare on TwitterShare on Facebook

The Nigerian government has revealed details of the new Nigeria Tax Administration Act (NTAA), which makes Tax Identification Numbers (Tax ID) compulsory for certain financial and business transactions.

This update has sparked conversations nationwide, with many Nigerians worried about how it will affect daily life, banking, and small businesses.

Tax ID under the new law

According to the NTAA, anyone earning income through trade, business, or services must now obtain a Tax ID from the authorities. Banks and financial institutions are mandated to request it from such customers.

Officials stressed that the move is not entirely new. Since 2019, under the Finance Act, business accounts already required a Tax Identification Number (TIN). The NTAA only harmonises the system by merging multiple IDs. Going forward, an individual’s NIN will serve as their Tax ID, while registered companies will use their CAC RC number.

Even government agencies and state-owned enterprises are not exempt. Nigerians in the diaspora can also obtain a Tax ID using their NIN for banking and investment purposes.

ALSOREAD

FG Imposes Tax On Hookup Girls, Yahoo Boys Under New Law

Elon Musk Makes Declaration Amid FG’s Threat Over Sowore’s Anti-Tinubu Tweet

FG Rushes To Tighten Border Control As ‘Deadly’ Ebola Virus Kills 16 In Fresh Outbreak

FG Sends Message To University Students Over Looming ASUU Strike

President Tinubu Signs Visa-free Travel Deal With Another Foreign Country

Deadline and implications

The government has set January 1, 2026 as the deadline for compliance. Taxable persons without a Tax ID by then may lose access to bank accounts, insurance, pensions, and investments.

Authorities argue that the reform will simplify identification, close loopholes that enable tax evasion, and make the tax system more transparent. However, they emphasised that Nigerians who do not earn taxable income are not required to obtain a Tax ID.

Reactions as Nigerians debate the policy

Emmanuel Michael said “How do you define a ‘taxable person’?”

tunjideniran opined “Why do we need Tax ID again when we already have NIN. Social security number suffices for this in US and NI in the UK. Proliferations of ID seems like another new naira note by Emefiele. It is not necessary. The goal is to harmonise all the IDs. NIN, BVN and now TIN.”

IamKennyBabs said “Sir, how do you differentiate a taxable person from non-taxable person? How will the bank separate the accounts of old people, unemployed, housewives, students etc from others who earned income? Any unique identifier? This is Q3 ’25, with implementation expected in Q1 ’26, won’t.”

Why it matters

The NTAA marks another step in Nigeria’s push towards a modern tax system and improved financial transparency. While the government insists the measure will ease identification, the debate highlights lingering concerns about policy overlaps, implementation, and the burden on ordinary citizens.

Step-by-Step Guide to Getting Your Tax ID

The process is designed to be simple and accessible, ensuring you can comply with the new law without a hassle.

Step 1: Verify if you already have a Tax ID

Visit the official Joint Tax Board (JTB) TIN Verification Portal at https://tin.jtb.gov.ng.
Select the “Search for TIN” option.
Enter your BVN and Date of Birth to check if a Tax ID has been automatically assigned to you.

Step 2: Register for a new Tax ID (if you don’t have one)

If your search on the verification portal does not yield a result, you will need to register for a new Tax ID.
Go to the JTB TIN Registration Portal by following this link
Select the “Register for TIN” option for individuals.
Fill out the required information, including your BVN, NIN, and other personal details.
Submit the form and follow the instructions to get your Tax ID certificate.

The entire process is free of charge. You can download and print your Tax ID certificate once it is issued.

FOLLOW US ON SOCIAL MEDIA

TWITTER — https://x.com/dailygistonline

THREADS —https://www.threads.net/@dailygistonline

FACEBOOK — https://m.facebook.com/oauvoices

INSTAGRAM —https://www.instagram.com/dailygistonline/ 

 

FOR ADVERTS, PUBLICATION AND PROMOTIONS, CONTACT DAILY GIST ON WHATSAPP – 09061956151

Share This News

Tags: FGNigeriansTax
Previous Post

VIDEO: Nigerian Lady Tackles Man For Pressing Her ‘Bumbum’ In Public Bus

Next Post

Doctor Who Abandoned Patient During Surgery To Have S£x With Nurse Gets Judgement From Tribunal

Adam PR

Adam PR

AdamPR is a young Blogger, Publisher, Web Designer. For Adverts and Publications, He can be reached on WhatsApp - 09061956151

Related Posts

How Moaning During Bedroom Sex Can Land You In Trouble — Nigerian Lawyer
ARTICLES

8 Weird Reasons Women Moan And Make Sounds During S3x

October 14, 2025
FULL LIST: Oyo Emerges Nigeria's Best State To Live In
ARTICLES

FULL LIST: Oyo Emerges Nigeria’s Best State To Live In 2025

September 19, 2025
Meet Larry Ellison Who Overtook Elon Musk As World’s Richest Man
ARTICLES

Meet Larry Ellison Who Overtook Elon Musk As World’s Richest Man

September 11, 2025
Oyo State Must Wake Up To The AI Opportunity - An Open Call From Ladele Ajao, An AI & Automation Specialist
ARTICLES

Oyo State Must Wake Up To The AI Opportunity – An Open Call From Ladele Ajao, An AI & Automation Specialist

September 10, 2025
African countries map, Africa
ARTICLES

2025 Rankings: Top 10 African Countries With The Best Government

September 7, 2025
Untold Story Of Why Suya Is Sold At Night In Nigeria
ARTICLES

Untold Story Of Why Suya Is Sold At Night In Nigeria

August 30, 2025
Next Post
VIDEO: Doctor Leaves Patient On Surgery To Have Quick S£x With Nurse

Doctor Who Abandoned Patient During Surgery To Have S£x With Nurse Gets Judgement From Tribunal

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TRENDING NEWS

  • VIDEO: Fairytale Wedding Crashes After Wife Finds $£x Tape Of Best Friend With Hubby

    VIDEO: Fairytale Wedding Crashes After Wife Finds $£x Tape Of Best Friend With Hubby

    25098 shares
    Share 10039 Tweet 6275
  • VIDEO: Lady Strips Half Nak3d As She Attempts To ‘Fight’ A Man Inside Market

    21810 shares
    Share 8724 Tweet 5453
  • VIDEO: Drama Ensues As Man And Woman Get Stuck During S3xual Interc0urs£

    21936 shares
    Share 8774 Tweet 5484
  • FULL LIST: 15 Popular Nigerian Celebrities With Leaked Nud£/S£x Videos

    34670 shares
    Share 13868 Tweet 8668
  • Kashim Shettima Vacates Seat As Vice President Of Nigeria

    21579 shares
    Share 8632 Tweet 5395
  • Youths Strip Queen Naked, Beat King, Prince During New Yam Festival In Ondo

    21593 shares
    Share 8637 Tweet 5398
  • VIDEO: Tenant Caught Landlord Red-handed Sl££ping With His Wife & Daughter

    22493 shares
    Share 8997 Tweet 5623
  • Nigerian Lady Cuts Off Husband’s Hands For Buying iPhone 16 For Side Chick

    22692 shares
    Share 9077 Tweet 5673
  • Japa: 10 Frequently Asked Visa Interview Questions And How To Answer Them

    20722 shares
    Share 8289 Tweet 5181
  • Nigerian Woman Whose Sex Video With A Married Man Went Viral Speaks

    22321 shares
    Share 8928 Tweet 5580

DAILY GIST reports Latest News in Nigeria and aims to keep Nigerians updated and informed with Reports and Informations in the aspect of Education, Politics, Health, Business, Technology, Jobs, Entertainment. etc

  • Home
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
  • DESIGNED BY ADAMPR
  • Privacy Policy

DAILY GIST © 2020 | All Rights Reserved

No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US

DAILY GIST © 2020 | All Rights Reserved