The Federal Government has made the possession of a Taxpayer Identification Number (Tax ID) compulsory for all taxable Nigerians, as well as for those engaging in banking, insurance, stocks, and allied financial services.
The directive will take effect from January 1, 2026, under the new Nigeria Tax Administration Act, 2025.Nigerian beauty tips
The legislation, recently signed into law by President Bola Tinubu, seeks to modernize Nigeria’s tax administration, expand the tax net, and strengthen government revenue.
According to Part II, Section 4 of the Act, “Every taxable person shall register with the relevant tax authority and obtain a Taxpayer Identification Card (Tax ID) for the purpose of compliance with tax obligations.” This requirement also applies to all ministries, departments, and agencies at federal, state, and local levels.
Non-resident individuals or companies supplying taxable goods and services in Nigeria are equally mandated to register for a Tax ID, as stipulated in Section 6 (1), making them subject to Nigerian tax obligations.
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