Tag: Tax ID

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New tax ID portal to go live January 2026 — JRB, NRS

The Joint Revenue Board, formerly known as the Joint Tax Board, alongside the Nigerian Revenue Services, previously called the Federal Inland Revenue Service, have announced the launch of the Nigerian Tax ID Portal. The organisations disclosed that the portal will officially go live on January 1, 2026, marking a major step in the ongoing tax […]

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NIN, CAC numbers to serve as tax IDs from 2026 — FIRS

The Federal Inland Revenue Service has announced that the National Identification Number will automatically become the Tax Identification Number for individual Nigerians from 2026. The clarification was issued on Monday as part of a public awareness campaign on newly enacted tax laws shared by the Service on X. Under the revised tax framework, the FIRS […]

Seven banks paid N392.53bn in taxes in first half of 2024
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No tax ID, no bank account from January 2026 — FG

The Federal Government has announced a directive stating that, effective January 1, 2026, all taxable Nigerians will be required to obtain a Tax Identification Number or Taxpayer Identification Number in order to operate a bank account within the country. This information was disclosed by the Chairman of the Presidential Committee on Fiscal Policy and Tax […]

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Nigerians without tax-ID may lose bank account access – FG

The presidential Fiscal Policy and Tax Reform Committee has said that without a Tax ID, a taxable person may not be able to operate bank accounts, insurance policies, pension accounts, or investment accounts . This was contained in a frequently asked question and document titled ‘𝐍𝐞𝐰 𝐓𝐚𝐱 𝐀𝐜𝐭𝐬 𝐚𝐧𝐝 𝐓𝐚𝐱 𝐈𝐃 – 𝐖𝐡𝐚𝐭 𝐘𝐨𝐮 𝐍𝐞𝐞𝐝 […]