Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law - Business (3) - Nairaland
Nairaland Forum › Nairaland General › Business › Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law (23934 Views)
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by PrincessofDSS(f): 9:02am On Sep 09, 2025 |
PHIPEX:You entered one chance since 2023 but they’re just making the announcement for everyone to bring out everything that they’ve on them and the robbing is about to start 😂😂😂😂😂😂😂😂 |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by miksonics(m): 9:02am On Sep 09, 2025 |
It also forced all people, great and small, rich and poor, free and slave, to recieve a mark on their right hand or on their forehead. So that they could not buy or sell unless they had the mark which is the name of the beast or the number of it name. When AI manages tax ID this will come to pass, it’s closer than ever |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by blackmantis: 9:02am On Sep 09, 2025 |
Tax reforms is long overdue and welcomed to develop the nation but corruption must be tackled headlong. |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Osariemen12: 9:03am On Sep 09, 2025 |
Yoruba government! Hmmm. |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by AntiChristian: 9:04am On Sep 09, 2025 |
chipet67:Who does that at your house? |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by onatisi(m): 9:06am On Sep 09, 2025 |
And yet with all these big and huge revenues coming in ,they are still borrowing massively . Na wa o |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Greattha: 9:06am On Sep 09, 2025 |
Just leave them...their eyes will open wide then. Policies he protested against because they would've hindered him from amassing his wealth while he wasn't in government are the policies he's now propagating. Them go hear am..dem go fill it...that time ehn, most of these "data boys" and "Amaechi laptop boys" will fade into thin air. franchasng: |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Smithwilliams826: 9:08am On Sep 09, 2025 |
AntiChristian:dividend? Na shege whona go c ![]() I like watin e dey do. |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by onatisi(m): 9:08am On Sep 09, 2025 |
The big problem now is once this policies are implemented,even if there is a government change ,they won't change them . |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by promami: 9:08am On Sep 09, 2025 |
N50 stamp duty on transfers no do. They have to tax data and airtime and make it expensive. Now they're about to tax people for petrol when we don't have functional refineries. Now, he wants to tax every financial dealing without the commensurate benefit for citizens. |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by onatisi(m): 9:11am On Sep 09, 2025 |
promami:With this tax ID linked to bvn ,every single Kono going into every bank transaction or financial dealing will be taxed , . There will likely be rise in business cost and rise in the cost of goods and services . All these coupled with the 5© fuel tax and the proposed IMF plan for fg to increase vat to 15% . And yet subsidies on electricity are to be removed soon |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Smithwilliams826: 9:11am On Sep 09, 2025 |
AntiChristian:u Neva c anything eh, u go cry!
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| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by PrincessofDSS(f): 9:11am On Sep 09, 2025 |
JibolaUsman:Mattress Bank of Nigeria 😂😂😂😂 our customers will not be affected with this new tax law, so go and open an account now |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Tammy2705: 9:12am On Sep 09, 2025 |
Hmmm, tinubu no gree oo, na so e wan take make nigeria prosper? e don remove subsidy, fuel tax, everything na tax for tinubu, one day make i no pay tax when i give my wife money to go buy food. all dey money dem don realise for all the tax, where e dey? dem don carry am enrich themselves, and yet borrow loans wey we no ask them to colect, dey enrich themselves, next thing na to tax us so dey go pay the loan, wey dem chop, GOD save us. |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by AntiChristian: 9:12am On Sep 09, 2025 |
Smithwilliams826:Who does that at your house? |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by nwirinedu(m): 9:13am On Sep 09, 2025 |
Why do you need a tax id to operate a bank account? Of what use is the bvn and nin? These kleptocrats want to destroy the citizens of these country , so it is the impoverished citizens that will pay their debts abi. Its a shame Nigeria is a country where the citizens are willing participants in their impoverishment by kleptocrats. |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by chidiokay: 9:13am On Sep 09, 2025*. Modified: 9:50am On Sep 09, 2025 |
hahn:Why is the govt so relunctant and lazy about diversfying the economic if we cant rely on oil ... we have other resource and Agriculture But why is Tinubu hellbent on confusing us to think TAX is the only to make Nigeria creat Is it Tax that made china great or was it Tax that turned around indian economy these countries even have our population × 10 ... Its a Public Knownledge No country Tax itself to prosperity yet someone is Forcing Tax is the only way.. Already cost of running business is choking,. as far as record is concern the Working population are all pinned for tax, why it is low is becos unemployed population widely surpasses those employed students have accounts, dependants own accounts .... using the total number bank accounts to induce Tax is not adding up is not valid What about VAT, the 7% increment ... what have they achieved with that @least no one escapes VAT .. when Tinubu talk i doubt he thinks or maybe he just assumes Nigerians are f00lls |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Rindo69: 9:15am On Sep 09, 2025 |
Everyone must pay tax! Every single kobo that enters your account will count as income and you will be taxed based on that! And the sad part of it is that those taxes will be used to fund the excess of your leaders; their travels, their fuel for the long convoys, their health care abroad, their replacement cars and feeding allowances, their salaries...everything and we will still hear excuses why power is bad, road cannot be repaired, healthcare system is failing, insecurity is worsening and best of all this is that some of you will still support the mandate! Cheers |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Inspirer1: 9:16am On Sep 09, 2025*. Modified: 10:07am On Sep 09, 2025 |
So much on revenue (good) but not much on how the revenue generated is put to judicious use (bad). I wish that as much effort they are putting on generating the revenue is equivalent to same effort towards ensuring that every kobo generated is spent to benefit the people and not embezzled at any point along the expenditure process. |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Tareq1105: 9:20am On Sep 09, 2025 |
ajalawole:Ask your family members abroad if they have Tax I D or not. You guys want economy to be fixed but you don't want to pay taxes. Even Jesus recognized the need to pay taxes. |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Olusho1872: 9:22am On Sep 09, 2025 |
The problem with Nigerians is our level of ignorance and our unwillingness to read or get information correctly, find time to read the new tax bill and you will definitely understand that it has little or no effect on the ordinary Nigerians earning low. It's a welcome development, let everyone pay tax if your income is taxable nlfpmod: |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Brendaniel: 9:23am On Sep 09, 2025 |
Lanretoye:This was the same kind of defense you people did for Buhari for 8 years even when people like us were busy telling you people that he was destroying the country like we are telling you now about Tinubu till he finished and you people then called him a failure. Why should Nigerians take anything you just said here seriously ? |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Tareq1105: 9:23am On Sep 09, 2025 |
Inspirer1:I agree with you. That's why we must place demand on our political leaders for judicious use of our resources. |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by nedekid: 9:24am On Sep 09, 2025 |
Yeah, maybe it will make Nigerians more concerned with how their hard earned money they have to coughout to pay taxes is spent. The one you say you are doing siddon look, say nothing concerns you, well you will now realise it actually concerns you. When you see a politician buy big airliner, their kids use private jet as uber, they buy £10m town houses, ride convoy of half a million naira suv, it will pain you that it is your money been spent anyhow. |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by valentineuwakwe(m): 9:26am On Sep 09, 2025 |
The president and the news Nigeria Revenue Service will not start on time to begin he registration process so as citizens can obtain the new Tax id.. not when e reach December 20th you open the portal n expect us to register before jan 1st 2026. Well na those wey won suffer go hear word soon! |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Mrexcell(m): 9:26am On Sep 09, 2025 |
Let me go and get mine now before the usual late nigerian rushing and queues. |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Suicideboy: 9:27am On Sep 09, 2025 |
GloriousGbola:Simply use crypto , traditional banks are gradually fading away. Its only a matter of data before they are gone. Decentralization is gradually coming into place. You can be earning equivalent of an oil worker as a crypto dev in some remote village enjoying life. In places like china you hardly make any contact with any bank, everything there na wechat and scan |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Mrexcell(m): 9:31am On Sep 09, 2025 |
ajalawole:You can't still operate ur opay without ur tax id for crypto exchanges u will need a bank account where ur p2p transactions in naira will be sent to. |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by PrincessofDSS(f): 9:34am On Sep 09, 2025 |
Seunpapa65:How would you beat the government to their game when every trade you make from your crypto account ends up being credited or paid with your bank account and the taxes are calculated based on monies that passed through your account even if you have spent them 😂😂😂😂 Mattress Bank is the only way out 😂😂😂 Mattress Bank!! Power to the people |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Lukuluku69(m): 9:34am On Sep 09, 2025 |
nlfpmod:Nothing bad in getting a Tax ID but please make it free otherwise the usual racketeering will set in and Officials will make money from the exercise. Also, what about Students who don't earn any income and are above 18 years with Accounts to that recieve their upkeeps and stipends? |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by surgical: 9:34am On Sep 09, 2025 |
francis5051:How will people send money to you or you send money to people |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by okeke6969: 9:34am On Sep 09, 2025 |
Another tragedy loading, scarcity of naira notes loading. Buying naira with extra interest loading. Transportation bottleneck loading. Make una prepare, 2026 is around the corner. Hand must touch every baga. |
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