Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law - Business (4) - Nairaland
Nairaland Forum › Nairaland General › Business › Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law (23911 Views)
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by anyilalaz: 9:37am On Sep 09, 2025 |
Lovenorth:This is the best comment so far |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by hahn(m): 9:37am On Sep 09, 2025 |
chidiokay:Tinubu is here to loot and nothing more. Don't bother expecting much from this administration |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Truvelisback(m): 9:42am On Sep 09, 2025 |
RealityKings1:This is ridiculous and annoying. In a country where Nigerians rarely feed well. |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Rebelutionary: 9:45am On Sep 09, 2025 |
franchasng:In one breath "all the money is not used for anything because because..." and in another breath "all the projects they do like rails is to syphone the monies again" Hmmm...you will be alright! If you like comment a million times on this thread, if you are in this country come 2026, you must get that ID and pay your tax! Your obvious gaslighting won't work! No o...mbannu!! |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by frankmoney(m): 9:45am On Sep 09, 2025 |
See how this people are, why can't everything be done online ? Must we visit the centers |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Silentgroper(m): 9:47am On Sep 09, 2025 |
Let's even assume Nigerians are ready to adopt this culture.. How much is the tax going to be And would it be yearly or monthly for weekly .. As for individuals, is their income range going to determine how much they paid for tax?? For easy adaption to the tax anything like monthly or weekly taxation would never work .. How much an individual pays Should not be more than 100n .. Atleast 200,000,000 X 100 na 20 billion.. that is enough for a year.. Maybe business owners can pay more but individuals tax has to be really low depending on their income range .. If all of these can be actualize, then tax paying would be normalize within Nigeria by Nigerians .. Anything apart from this, na too dey keep money at home or make person fix all these make shift safe/vault for house with optimum security .. Then banks would crumble.. |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Kusu12: 9:47am On Sep 09, 2025 |
It’s obvious most of the people commenting here are ignorant and unwilling to learn. What you’re insinuating has nothing to do with the tax reform bills. Get a copy of the bills, study them, and cure your ignorance instead of wailing unnecessarily, as usual. |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by favour32(m): 9:50am On Sep 09, 2025 |
This Tinubu don deaf! Dem dey talk,e dey tighten the noose as a hang man Without rigging,this man cannot be president in 2027! He knows it. So, shopping for a criminal as Inec chairman. If possible ,God,na you arrange Abacha excesses. Another dey... |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by campbelljosh(m): 9:50am On Sep 09, 2025 |
A lot of people are living in this country without opening a single bank account. He cannot use that one to cajole us jare. Me self don abandon my traditional banks cos they are thieves. |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Mrexcell(m): 9:51am On Sep 09, 2025 |
SarkinYarki:This might likely cause nation wide protests next year. |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by yemobrown(m): 9:53am On Sep 09, 2025 |
My question goes to Tax experts: A human who lost his/ her means of livelihood (Job) long ago, is being supported by friends or Siblings with upkeep, pending his/ her reemployment into the mainstream (workforce). No job yet (with proof) Would such cash gift fall under Taxable income? Expect Opinion is needed as I believe so many unemployed people will fall under this category. |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by jaxxy(m): 9:54am On Sep 09, 2025 |
Lanretoye:I repeat the problem for Nigerians isn't paying Taxes but paying taxes only for it to be mismaged and looted by corrupt politicians who don't think they owe the citizens any accountability will be diabolical and create new consequences of shocking proportions. Nigerian cannot pay taxes and INEC who is paid from our taxes riggs elections against sane taxes paying Nigerians to favour criminal politicians. Local government councils can't take tax payers monies and go on shopping sprees and buying houses for girlfriends. There has to be a equivalent responsibility and consequences of mismanagement of taxes by government to taxpayers. |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Reloadedisraelp: 9:55am On Sep 09, 2025 |
The tax master himself na to tax boxer wey I wear remains |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Reloadedisraelp: 9:58am On Sep 09, 2025 |
yemobrown:the government will simply collect ur boxer if u don't have a job... |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by sematec(m): 10:00am On Sep 09, 2025 |
It's just a matter of time before they say Nigerians to #0000 to obtain tax ID |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Mili3Mind: 10:01am On Sep 09, 2025 |
Nonsense |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by lordprogress: 10:04am On Sep 09, 2025 |
Lol This country is very funny a country with so much resources that has been mismanaged by the government now wants to task the citizen that is even barely surviving. a country that supposed to be providing for the citizen now wants to collect the little they have, just look at all the oil rich country in the middleeast and how they are fairing compared to nigeria. There was a country. |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Djponpin1(m): 10:06am On Sep 09, 2025 |
SouthSouth1914:Bros go pay your tax stop complaining. at least be a good citizen for once. |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Matrixoba: 10:07am On Sep 09, 2025 |
Corrupt individuals hide under the guise "hold your governor responsible". That is nonsense. What are the corruption agencies for? Can you try a governor in this government? Abeg Park well Lanretoye: |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by kcprince: 10:09am On Sep 09, 2025 |
Thinubu increased income tax from 10 to 20 percent to 15 to 25 percent . He also increased capital gain tax from 10% to the same rate as income tax (15% to 25%) or 30% for cooperate tax. I don’t think this increase is a smart way to start . He could have just maintained the old rate and increase the tax net. A lot of people will want to do all they can to beat the tax system because it looks as if you are working for the government for almost 3 months and the remaining 9 is for yourself. I can’t imagine giving a corrupt government without accountability 25% of my income especially because they do nothing for me. I fix my road , clear my gutter , provide security , provide electricity and water for myself. |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by SouthSouth1914: 10:13am On Sep 09, 2025 |
Djponpin1:You dun near tax office before? I have a TAX ID, but I doubt if you know what FIRS means anyway. I am speaking for a larger audience. If you have sense, you will know what it means. |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by feedthenation(m): 10:17am On Sep 09, 2025 |
---We would gladly conduct our business by cash---what is the purpose of BVN and NIN?--- |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Blackdisciple(m): 10:27am On Sep 09, 2025 |
No problems the firm that collects my tax should provide tax ID for me and send it to my mail because I can't go out to be queuing unnecessarily again. |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by koning: 10:31am On Sep 09, 2025 |
Makes no sense whatsoever. We already have NIN and BVN. That, can be used. In most of Europe their equivalent of NIN is what is used for everything from the day a child is born till he dies. It's fixed, it's permanent and very dependable. That is what the Tax agencies use. Saying that people can not operate already existing bank accounts without it is asking for a riot like what happened in Kenya. It should be restricted to opening a new bank account. Otherwise, it's bye bye to cashless society. |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Abubaka50(m): 10:37am On Sep 09, 2025 |
How can you tax hungry people Mr jagaban, no food, no work, no light, no road, no school, no good health care make una fear God na |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Smithwilliams826: 10:37am On Sep 09, 2025 |
AntiChristian:na ur national anthem b dat. u Neva c anything eh, u go cry!
|
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by StoryHaven: 10:38am On Sep 09, 2025 |
What about Nigerians in the diaspora |
| Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by SeriouslySense(m): 10:41am On Sep 09, 2025 |
Stop saying crypto in public, they will try to go after it, any knowledge you know pretend you don't know. There is no effort to help people in the country, they just want to go after anything. We need security first to go to farms. I remember when the tech people were saying fintech is gold , immediately the government went after it.We have so much resources, why is government only interested in what uplifts people, they really want us to be miserable. Thank God for some of this fintech app, because the Nigerian banks are not reliable to do ordinary transactions. Me i want to go to farm, i can't even go to farm. ![]() Seunpapa65: |
No need for separate TIN to operate bank accounts — FIRS Official • NIN/BVN: Opay To Log Out Accounts By March 1, Issues 5m Cards • Jeff Bezos Could Become World’s First Trillionaire By 2026 • 2 • 3 • 4
Naira Appreciates To ₦1,382/$ After $7 Billion FOREX Settlement • Unauthorised Bank Charges: How To Complain To The CBN (Very Simple) • Fatai Ganiyu Abass: I Have New Lease Of Life- Visually-Impaired Glo Promo Winner

