National Identification Number (NIN)
The Federal Inland Revenue Service (FIRS) has announced that the National Identification Number (NIN) issued by the National Identity Management Commission (NIMC) now automatically serves as the Tax Identification Number (Tax ID) for individual Nigerians.
The clarification follows widespread public discussions over provisions in Nigeria’s tax laws requiring a Tax ID for bank account ownership and certain financial transactions.
Speaking during a public awareness campaign on the new tax laws shared on X (formerly Twitter) on Monday, the FIRS explained that under the updated tax framework, registered businesses will use their Corporate Affairs Commission (CAC) Registration (RC) numbers as their Tax ID.
READ ALSO:
According to the Service, the provision is contained in the Nigeria Tax Administration Act (NTAA), which is scheduled to take effect from January 2026. The Act mandates the use of a Tax ID for specified transactions and further strengthens earlier tax identification requirements introduced under the Finance Act 2019.
“The Tax ID unifies all Tax Identification Numbers (TINs) previously issued by the FIRS and State Internal Revenue Services (IRS) into a single identifier,” the Service stated.
“For individuals, your NIN automatically serves as your Tax ID, while for registered companies, your CAC RC number is used. There is no need for a physical card, as the Tax ID is a unique number directly linked to your identity,” the FIRS added.
The clarification is aimed at simplifying Nigeria’s tax administration system, improving compliance, and reducing the need for multiple identification numbers across government agencies.
Miyetti Allah President Remanded Over $2.63m Money Laundering, Terrorism Charges Bello Bodejo pleads not guilty…
NANS exposes 43 institutions over alleged failure to refund NELFUND tuition fees The National Association…
Xenophobia: Youth Group Issues Picketing Notice to MTN Nigeria The apex Yoruba youth organisation, Oodua…
Flooding, Grid Disruptions Trigger Blackouts Across Lagos, Osun Communities Parts of Lagos and Osun states have been thrown into…
Gbajabiamila Scandal a Plot to Embarrass Tinubu, Says Wike FCT Minister dismisses PFIPC allegations as…
Lasaco Assurance pays N17.60bn in claims, assures policyholders of prompt settlements Lasaco Assurance Plc has…