HomeLocal NewsFIRS explains new tax rules using NIN as tax ID

FIRS explains new tax rules using NIN as tax ID

Date:

Related stories

Kano govt launches Neighbourhood Watch Corps

The Kano State Government has launched the Kano State...

Police rescue blasphemy suspect from mob in Kano

The Kano State Police Command has rescued a man...

Police assure residents of safe worship centers during festive season in Kano

The Kano State Police Command has assured residents that...

EXCLUSIVE: Northwest University graduates lament years-long certificate delay

Graduates of Northwest University, Kano, have raised concerns over...

Rano residents petition Kano govt over alleged hospital mismanagement

Residents of the Rano Emirate Council in Kano State...
spot_img

The Federal Inland Revenue Service (FIRS) has confirmed that the National Identification Number (NIN) issued by the National Identity Management Commission (NIMC) now functions as the tax identification number for all Nigerians.

READ ALSO: House of Reps passes tax reform bills

The clarification was made on Monday during a public sensitisation programme on the new tax regulations. FIRS also communicated the update in a statement shared on its official X (formerly Twitter) handle.

According to the agency, individuals are no longer required to apply for a separate tax identification number, as their NIN automatically serves that purpose. It added that registered companies will also not need a separate tax ID, explaining that their Corporate Affairs Commission (CAC) registration number will now be used for tax identification.

FIRS said the explanation became necessary following concerns from members of the public over the new tax regulations, which require the presentation of a tax identification number for certain transactions, including the opening or operation of bank accounts.

The agency explained that the National Tax Administration Act (NTAA), scheduled to take effect from January 2026, makes provision for the use of tax identification numbers in key financial and administrative transactions.

However, FIRS stressed that the use of NIN and CAC numbers as tax identifiers is not a new policy, noting that the system has been in place since 2019 but is now being more firmly enforced.

It added that the harmonised system is designed to merge all existing tax identification numbers into a single identifier to simplify taxpayer records, curb multiple taxation, reduce tax evasion, and promote fairness in the tax system.

The agency further urged Nigerians to ignore rumours surrounding the policy, assuring that the new tax regulations are aimed at enhancing simplicity, transparency, and efficiency in tax administration across the country.

Subscribe

Latest stories

LEAVE A REPLY

Please enter your comment!
Please enter your name here