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Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law - Business (5) - Nairaland

Nairaland ForumNairaland GeneralBusinessNigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law (23903 Views)

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Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Kimo21(m): 10:44am On Sep 09, 2025
Tareq1105:
I agree with you. That's why we must place demand on our political leaders for judicious use of our resources.
You keep contradicting yourself. The ones they have been collecting what do they do with it? Did you hold them accountable or did you defend it?Yet you’re still in support of this one they want to implement

You don’t have defend every nonsense policy because your tribesman is in power. God gave you a thinking faculty. Use it well. It gets better with positive decision making.
Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Awesome01(m): 10:45am On Sep 09, 2025
christopher123:
He did it in Lagos and he would do it again in Nigeria ...
You are on point. He did it in Lagos through Alfa Beta as Tax Consultant. It made Lagos State generate more and more revenue but it forced everyone to pay tax through their nose.

I had always suspected this to come-in one day to Nigeria as a whole.I was expecting it come up after he wins his second term in 2027. Now its here.

He may have Indirectly just shot himself in the leg, because If true THIS POLICY MAY ACTUALLY BE THE DECIDING FACTOR COME 2027 ELECTIONS.
Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by SeriouslySense(m): 10:48am On Sep 09, 2025
Security is gold, when there is security, its the new fintech. Ensuring there is security in the land brings gold. angry
Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by RealityKings1: 10:51am On Sep 09, 2025
franchasng:
All those supporting Tinubu's insensitive government and their inhumane policies will realize their mistake by January 2026.


It is very easy to give Gorilla water, but the problem is retrieving the cup back from the Gorilla angry
😂😂😂😂
Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by musa234(m): 11:04am On Sep 09, 2025
Tareq1105:
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.
Only you Tinubu sycophants think taxes will not be stolen by Tinubu and co. What has subsidy removal done?
Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by jayce232:
smiley
Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by westlius(m): 11:10am On Sep 09, 2025
Will personal income tax be paid to the state of residence or federal govt and will the assessment be on yearly or monthly bases?
Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by mbos: 11:12am On Sep 09, 2025
banks will liquidate and collaspe

Nigerians get sense.. people will end cashlessness by force and fire
Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by jayce232:
smiley
Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Gboom: 11:14am On Sep 09, 2025
franchasng:
All those supporting Tinubu's insensitive government and their inhumane policies will realize their mistake by January 2026.


It is very easy to give Gorilla water, but the problem is retrieving the cup back from the Gorilla angry
So, with all these noises, you as a person don't have tax i.d to attach to your bank account
Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by bdon123(m): 11:30am On Sep 09, 2025
nlfpmod:
Source:
THE NATION’S EYES NEWSPAPER

BY NOEL CHIAGOROM
Wat if u unemployed...wat tax id without job?
Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by bdon123(m): 11:31am On Sep 09, 2025
jayce232:
If your annual spending no reach 800k, u will not be taxed.
They never mentioned annual spending...they said annual salary.do u mean if i send money to an unemployed relative he will be asked to pay tax or wat?
Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by bdon123(m): 11:32am On Sep 09, 2025
jayce232:
Once your account record up to or above 800k annually, u will pay 20% of that money as tax. So students & jobless people may likely not earn that amount. But if u are spending up to 800k annually, u will be taxed even if u are a student.
Oga most students n jobless people hav more than that a year. Moreover,u are jst giving out wrong info as they never implied money that goes into ur account bt money earned as salary
Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by bdon123(m): 11:34am On Sep 09, 2025
Awesome01:
You are on point. He did it in Lagos through Alfa Beta as Tax Consultant. It made Lagos State generate more and more revenue but it forced everyone to pay tax through their nose.

I had always suspected this to come-in one day to Nigeria as a whole.I was expecting it come up after he wins his second term in 2027. Now its here.

He may have Indirectly just shot himself in the leg, because If true THIS POLICY MAY ACTUALLY BE THE DECIDING FACTOR COME 2027 ELECTIONS.
D fact u expect real election result is shocking.
Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Nobody: 11:34am On Sep 09, 2025
No be to dey tax people, na to use the money well be the Koko undecided
Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Dafresh: 11:35am On Sep 09, 2025
Lanretoye:
What some people hate to hear,the word tax gives them heartaches…the only thing the like to hear is subsidy and palliatives.
A wise person will go and register his business and obtain the TIN before time when enforcement will beginyou are a youth,paying taxes should not be your concern but the use of the revenue.how many countries still pays subsidies or don’t collect taxes in the world?.anyway there is no kid that will be happy if his father stops the stipends.
The monies they were using to pay subsidies were borrowed,stoping subsidies does not mean they will stop borrowing as some of you supposed.they can now borrow to provide infrastructures instead of doing give away in the name of subsidy.
All the 36 governors have testified to increased allocation,you should hold them responsible for not seeing corresponding increase in development.
Na so so tax ,we pay tax when we deposit, we pay tax when we withdraw, we pay tax when we recharge, we pay tax when we send money, we pay tax when we receive money we pay tax when me make calls, we pay tax when we send SMs we pay tax when we buy fuel we pay tax on everything upon al these taxes what have we benefit from this government, now do you have light in your house, do you have good roads leading to your house or village, what of hospitals decaying. You must not support everything.
Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Timmi: 11:36am On Sep 09, 2025
Why not give citizens one year to register and obtain the Tax Identification Number. Why the pajawiri all of a sudden.

Why not provide an online porter to register and obtain the TIN. You want millions to register and yet registration has not been open and you have barely 3-months before it goes into effect.

Lack of planning which creates panic and shock.

nlfpmod:
Source:
THE NATION’S EYES NEWSPAPER

BY NOEL CHIAGOROM
Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by writeprof(m): 11:37am On Sep 09, 2025
Our Father who hath in Heaven... Hallowed be Your name...May Your kingdom come and Your will be done on earth and in Nigeria...

Weeping may endure for a night but Joy comes in the morning...

God loves you and He wants you to accept His love by believing in Jesus Christ. Seek to know Him by a relationship with Him. God wants to tell you His plans and purpose for your life and how to pursue it. Get close to God until He fills you with His Spirit and be ready to obey His voice and directions.

God bless you 🙏
Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by bdon123(m): 11:39am On Sep 09, 2025
nwirinedu:
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.
Some people wit no sense will clap for this.Wat of people who hav no job ?why should they be forced to hav tax id wen they are not eligible to pay tax.wat of those living abroad n operating bank account in naija?las las people go stop using bank.
Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Mubiola360: 11:44am On Sep 09, 2025
donmixc:
tinubu wants to loot all the monies within 4 years undecided

omo this man na real thief ooooo cheesy grin
how is he a thief, we all want development like that of the ones in the developed countries but we do not want to do what they are doing .
Ask about their Tax in Uk and Us or any other.
Theybare tax for virtually everything and yet, theybuse tbeir money to get weapon and ship to Isreal.
That aside, if you do not want your country to borrow, then the other alternative is for the country to make Tax effective.
Out of 250million, just 10 million pay tax., just imagine 200 million should pay tax, that's more revenue for the government ,more project to be executed with less borrowing. No magic about it .
Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by Mubiola360: 11:45am On Sep 09, 2025
franchasng:
All those supporting Tinubu's insensitive government and their inhumane policies will realize their mistake by January 2026.


It is very easy to give Gorilla water, but the problem is retrieving the cup back from the Gorilla angry
Did hou ask yourself how Asiwaju was able to govern lagos without allocation from FG led by Obasanjo?
Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by christopher123(m): 11:49am On Sep 09, 2025
jayce232:
Once your account record up to or above 800k annually, u will pay 20% of that money as tax. So students & jobless people may likely not earn that amount. But if u are spending up to 800k annually, u will be taxed even if u are a student.
what about the Yoruba Ronuists? Will they still pay with their RONU card ?
Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by AntiChristian: 11:50am On Sep 09, 2025
Smithwilliams826:
na ur national anthem b dat.
u Neva c anything eh, u go cry!
Who is crying in your house? You get baby abi na adults dey wail?
Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by christopher123(m): 11:51am On Sep 09, 2025
Awesome01:
You are on point. He did it in Lagos through Alfa Beta as Tax Consultant. It made Lagos State generate more and more revenue but it forced everyone to pay tax through their nose.

I had always suspected this to come-in one day to Nigeria as a whole.I was expecting it come up after he wins his second term in 2027. Now its here.

He may have Indirectly just shot himself in the leg, because If true THIS POLICY MAY ACTUALLY BE THE DECIDING FACTOR COME 2027 ELECTIONS.
RONUISTS will still campaign based on our brother set up even if they are hungry ... It's all about feel good syndrome not good economy syndrome
Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by donmixc: 11:57am On Sep 09, 2025
Mubiola360:
how is he a thief, we all want development like that of the ones in the developed countries but we do not want to do what they are doing .
Ask about their Tax in Uk and Us or any other.
Theybare tax for virtually everything and yet, theybuse tbeir money to get weapon and ship to Isreal.
That aside, if you do not want your country to borrow, then the other alternative is for the country to make Tax effective.
Out of 250million, just 10 million pay tax., just imagine 200 million should pay tax, that's more revenue for the government ,more project to be executed with less borrowing. No magic about it .
Too much episode, just few questions for you, that if you have ever pay Nigerian tax in your life

The one you have been paying,

1 do you have steady power supply
2 do you have good roads
3 do you have good health facilities etc

the criminal trying to implement this tax right now is receiving medical attention currently in Europe. The joke is on you
Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by michoim(m): 12:06pm On Sep 09, 2025
The timing is too short; the awareness extremely poor; especially for peasants & low paid workers in areas apart from state capitals. Minimum of 2 years should have been given before it comes into full effect. This is another call to suffer nigerians, in queues all over the country. The The government of the day is hurriedly greedy to grap the money of all nigerians under the so called banner of "DEVELOPMENT ". Therefore, #TINUBU MUST GO. ENOUGH IS ENOUGH. # REVOLUTION NOW
Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by michoim(m): 12:08pm On Sep 09, 2025
michoim:
The timing is too short; the awareness extremely poor; especially for peasants & low paid workers in areas apart from state capitals. Minimum of 2 years should have been given before it comes into full effect. This is another call to suffer nigerians, in queues all over the country. The government of the day is hurriedly greedy to grap the money of all nigerians under the so called banner of "DEVELOPMENT ". Therefore, #TINUBU MUST GO. ENOUGH IS ENOUGH. # REVOLUTION NOW
Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by judewrites: 12:16pm On Sep 09, 2025
Paying taxes is not the problem, the problem is accountability.

Will the money be well accounted or misused?

In a country with history of mass corruption, there will certainly be doubts.
Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by yemobrown(m): 12:17pm On Sep 09, 2025
Reloadedisraelp:
the government will simply collect ur boxer if u don't have a job...
The question is meant for serious people, not jesters. Please, pass!
Re: Nigerians Must Obtain Tax ID To Operate Bank Accounts By 2026 - New Tax Law by ufotunang: 12:22pm On Sep 09, 2025
francis5051:
No wahala let’s see how it goes but I promise banks go suffer am pass, and someone like me will stop using bank
..and we are in September 2026 .......3 months remaining for the deadline which is January 2026...now the tax offices will be filled up with people rushing to register and get their tax ID..they should had given Nigerians 1 year notice or 1 year deadline for one to get the tax ID.. rushing at the tax offices will happen
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