₦airaland Forum

Do you run a business, earn income, or plan to open an investment account in Nigeria?
Did you know you’ll soon need a Tax ID for banking, insurance, and pensions?
What happens if you don’t get one before January 1, 2026?
The new Tax Acts are here to ensure fairness, everyone who earns taxable income contributes, while protecting low-income citizens. But first, you need a Tax ID.

THE NEW TAX ACTS & TAX ID — WHAT YOU NEED TO KNOW

⭕️Only someone who engages in economic activity to earn income is taxable - taxable person.

⭕️All taxable persons to register with the tax authority & obtain a Tax ID.

⭕️Banks & other financial institutions are required to request a Tax ID from taxable persons.

⭕️Your NIN or CAC RC No. will serve as yout Tax ID.

⭕️Your existing TIN remains valid.

Taxable ID is a unique number linked to your identity.

⭕️You can obtain one from FIRS, State IRS, or JTB offices. It is also available online via FIRS website.

⭕️Tax ID is free.

⭕️For registered businesses, your personal TIN/Tax ID is sufficient.

⭕️Unregistered entities [NGOs, incorporated trustees, and other registered entities inclusive] visit the FIRS or apply online with your CAC documents to get one.

⭕️Foreign-based Nigerians can obtain a Tax ID using their NIN for banking or investment purposes in Nigeria. Check the NIMC website.

⭕️Foreign companies and non-resident entities providing services to Nigerian customers need a Tax ID. However, those on passive incomes like dividends, royalties, rent may not need to register but must provide relevant information.

⭕️Govt Agencies are not exempted from taxes - all must register for tax and obtain their Tax ID.

⭕️A taxable person without a Tax ID may not be able to operate bank accounts, insurance policies, pension accounts, or investment accounts by 01 Jan 2026.

⭕️There are other sanctions also applicable to taxable persons without Tax ID.

⭕️This process will simplify identification, reduce duplication, and close loopholes that allow tax evasion.

⭕️There will be fairness so that everyone who earns taxable income contributes their share while protecting low-income citizens who are not taxable.

#Statisense

(Tax Reforms Committee)

https://x.com/StatiSense/status/1966477421869244668

They say obtaining a Tax ID is free but I'm sure by next year corrupt government officials will start extorting money from citizens because of it

Why is tax such the biggest picture of this Government?

Truly, the devil came but to steal and destroy.

You cant be taxing your citizens at the same time remove subsidy... It's total wickedness

Last month, I needed a personal tax id as I don’t want to use my business tax id to open an account.

Can you believe I went to FIRS website to obtain my id and the website refuses to do what it was designed to do?

This is not the first time Nigerian government website has been proving useless. Especially CAC website, yet they will be shouting file your returns like they are doing their jobs themselves.

Let me see who will come and query me to give accountability. You will answer questions yourself.

This tax Id can never be free in Nigeria. Let watch and see

The issue will be how soon this get done, wonder why? Na then we will truly understand there is problem somewhere…
What I’ve come to understand about the dear country is that whatever will profit common masses doesn’t get done ASAP….my thinking tho

Citizens of nations pay tax yes!
QUESTION? Are Nigerians truly citizens

MarkNsukkaBread:
They say obtaining a Tax ID is free but I'm sure by next year corrupt government officials will start extorting money from citizens because of it

More importantly they don't provide amenities commensurate to the taxes!

Jughead29:
Why is tax such the biggest picture of this Government?

Truly, the devil came but to steal and destroy.

You cant be taxing your citizens at the same time remove subsidy... It's total wickedness

Nigerians will henceforth take elections and voting more seriously. It's actually going to have a remarkable impact on our general voting culture. Everybody must learn!

mastermaestro:
Nigerians will henceforth take elections and voting more seriously. It's actually going to have a remarkable impact on our general voting culture. Everybody must learn!

Men , is this how we'll keep watching till we start paying for the air we breath?

Must you talk about things you know nothing about
Tax ID is free since
Dinosaur urine
No be today

MarkNsukkaBread:
They say obtaining a Tax ID is free but I'm sure by next year corrupt government officials will start extorting money from citizens because of it

Meanwhile people that have applied for TIN are yet to get it. Una go queue for line to get TIN

I just pray this will not make the citizens to fight the government if there is no improvement

MarkNsukkaBread:
They say obtaining a Tax ID is free but I'm sure by next year corrupt government officials will start extorting money from citizens because of it

This may not be possible because government needs you to have a tax ID so that you can be a taxable person. Government needs you to have it more than you need it.

These kind of reforms are actually commendable "on paper" because of the motive/intention the government sells to the people (they make us believe it's geared towards general economic growth);...
but the real question is: what measures are being put in place to ensure fairness by government, and what assurances do we have that this won't be another avenue or tool for the government of the day to use in hunting or victimizing perceived political opponents just like the efcc has become??🤷🏾‍♂️

APC Tinubu are shouting Tax, Tax Tax, the thing is this, citizens of nations where tax are payed enjoys the dividends of the nations wealth, can that be said of Niaja?

Then why does Tinubu wants to yoke the people, and his tribes men are not talking or protesting... O K this is not Jonathan

It is this singular policy that would create the hardest hardship in this country.

Many people especially rich individuals who own companies will increase the price of goods and services just to pay up these taxes.

Importers would increase theirs.

Spare parts sellers would add theirs.

Everything go rise...only illiterates who support evil govt would be blinded with "it will favour Us mentality".

This tax policy go wound many people and its implications is dangerous to the people.

DoctorStanley:
More importantly they don't provide amenities commensurate to the taxes!

We are very passive because we don't pay tax. When we start you will see how demand for accountability will rise.

What else do you need to know...

All inflow into your account will be considered income and will be taxable unless you can show otherwise. So you'll need to have an accountant to file your taxes ...the smarter your accountant , the less your tax liability will be!

Make sure anyone sending you money references it properly else it will be considered income and once income exceeds 800k a year, you are taxed.

Fryx:
Last month, I needed a personal tax id as I don’t want to use my business tax id to open an account.

Can you believe I went to FIRS website to obtain my id and the website refuses to do what it was designed to do?

This is not the first time Nigerian government website has been proving useless. Especially CAC website, yet they will be shouting file your returns like they are doing their jobs themselves.

Let me see who will come and query me to give accountability. You will answer questions yourself.

No response from FIRS after tracking number was issued, very useless set of people that cannot reply mail. Nigeria even failed to organize a digital space! So pathetic

MarkNsukkaBread:
They say obtaining a Tax ID is free but I'm sure by next year corrupt government officials will start extorting money from citizens because of it

Their documents full my drawer
So many things to fill just to get how many digit number

Not every inflow is an income..I hope these clowns did their homework well before introducing such law.

DrMB:
Do you run a business, earn income, or plan to open an investment account in Nigeria?
Did you know you’ll soon need a Tax ID for banking, insurance, and pensions?
What happens if you don’t get one before January 1, 2026?
The new Tax Acts are here to ensure fairness, everyone who earns taxable income contributes, while protecting low-income citizens. But first, you need a Tax ID.


https://x.com/StatiSense/status/1966477421869244668

Drop link to register for tin boss because me no fit for all these many papers at all

Tinubu the tax master. Reducing your purchasing power as he promised.

jmoore:
Not every inflow is an income..I hope these clowns did their homework well before introducing such law.

Before a disgruntled customer destroys a bank because money that wasn't his income was taxed out of Ignorance.

This nonsense is beyond belief
We have had other presidents who ran comparatively better economies and didn't tax the populace to death
Everywhere tax tax tax
No wonder his gremlins are always subdued and can hardly think for themselves.
Well this is Nigeria not SW

This Tunibu government is very wicked. All these taxes will ended up in the hands of politicians to either be stolen or squandered.
We must vote Tunibu out come 2027 its to late.

DrMB:
Do you run a business, earn income, or plan to open an investment account in Nigeria?

Did you know you’ll soon need a Tax ID for banking, insurance, and pensions?
What happens if you don’t get one before January 1, 2026?

The new Tax Acts are here to ensure fairness, everyone who earns taxable income contributes, while protecting low-income citizens. But first, you need a Tax ID.



THE NEW TAX ACTS & TAX ID — WHAT YOU NEED TO KNOW

⭕️Only someone who engages in economic activity to earn income is taxable - taxable person.

⭕️All taxable persons to register with the tax authority & obtain a Tax ID.

⭕️Banks & other financial institutions are required to request a Tax ID from taxable persons.

⭕️Your NIN or CAC RC No. will serve as your Tax ID.

⭕️Your existing TIN remains valid.

Taxable ID is a unique number linked to your identity.

⭕️You can obtain one from FIRS, State IRS, or JTB offices. It is also available online via FIRS website.

⭕️Tax ID is free.

⭕️For registered businesses, your personal TIN/Tax ID is sufficient.

⭕️Unregistered entities [NGOs, incorporated trustees, and other registered entities inclusive] visit the FIRS or apply online with your CAC documents to get one.

⭕️Foreign-based Nigerians can obtain a Tax ID using their NIN for banking or investment purposes in Nigeria. Check the NIMC website.

⭕️Foreign companies and non-resident entities providing services to Nigerian customers need a Tax ID. However, those on passive incomes like dividends, royalties, rent may not need to register but must provide relevant information.

⭕️Govt Agencies are not exempted from taxes - all must register for tax and obtain their Tax ID.

⭕️A taxable person without a Tax ID may not be able to operate bank accounts, insurance policies, pension accounts, or investment accounts by 01 Jan 2026.

⭕️There are other sanctions also applicable to taxable persons without Tax ID.

⭕️This process will simplify identification, reduce duplication, and close loopholes that allow tax evasion.

⭕️There will be fairness so that everyone who earns taxable income contributes their share while protecting low-income citizens who are not taxable.

#Statisense

(Tax Reforms Committee)
https://x.com/StatiSense/status/1966477421869244668

⭕️Foreign-based Nigerians can obtain a Tax ID using their NIN for banking or investment purposes in Nigeria. Check the NIMC website.

⭕️Foreign companies and non-resident entities providing services to Nigerian customers need a Tax ID. However, those on passive incomes like dividends, royalties, rent may not need to register but must provide relevant information.

⭕️Govt Agencies are not exempted from taxes - all must register for tax and obtain their Tax ID.

⭕️A taxable person without a Tax ID may not be able to operate bank accounts, insurance policies, pension accounts, or investment accounts by 01 Jan 2026.

⭕️There are other sanctions also applicable to taxable persons without Tax ID.

⭕️This process will simplify identification, reduce duplication, and close loopholes that allow tax evasion.

mastermaestro:
Nigerians will henceforth take elections and voting more seriously. It's actually going to ha ;Dve a remarkable impact on our general voting culture. Everybody must learn!

Gbam!!!
No more my tribe person again
All eye go clear

Jughead29:
Men , is this how we'll keep watching till we start paying for the air we breath?

At least voters will now understand that elections have consequences. The way politicians approach elections as do-or-die affairs, the electorates will also cultivate the same attitude towards elections. We must have a better country by all means.

Kindness218:
This tax Id can never be free in Nigeria. Let watch and see

Why do some of you find it convenient to just talk biko?

Go here https://tinverification.jtb.gov.ng/
Enter you BVN
Click search

And you might already have a TIN attached to your BVN

If not register here: https://tin.jtb.gov.ng/

Simple!