Secure Your Nigerian Tax ID: Bank Account Holders, Act Before 2026
The Nigerian government has mandated that all bank account holders in the country secure a Tax Identification Number (TIN) before January 1, 2026. This crucial requirement stems from the Nigeria Tax Administration Act of 2025. This new law is designed to streamline the tax system and ensure that all citizens are properly identified for tax purposes. Understanding how to obtain your TIN is essential to avoid any disruption to your banking activities.
Easy Steps to Obtain Your TIN
Fortunately, acquiring a TIN is a straightforward and cost-free process. A significant number of Nigerians already possess a TIN, which may have been automatically generated using their Bank Verification Number (BVN) or National Identification Number (NIN). To verify your TIN status, and learn how to obtain it if you don’t have one, follow these steps:
1. Check for Existing TIN: Visit the Joint Tax Board (JTB) TIN Verification Portal. You can search for the website online.
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