National

NIN, CAC numbers now serve as tax IDs in Nigeria

THE Federal Inland Revenue Service (FIRS) has clarified that Nigerians will no longer require a separate Tax Identification Number (TIN), as the National Identification Number (NIN) has been adopted as the official tax ID for individuals.

The clarification follows widespread public concern over new tax rules and speculation that citizens would be required to obtain additional identification numbers for tax-related transactions.

The agency which disclosed it in a Statement said the development forms part of broader reforms under Nigeria’s evolving tax administration framework.

According to FIRS, every Nigerian’s NIN, issued by the National Identity Management Commission (NIMC), now automatically functions as their Tax Identification Number.

The agency also explained that registered businesses will no longer need a separate tax ID, as the Corporate Affairs Commission (CAC) registration number will now serve as the official tax identifier for companies.

The clarification comes amid concerns sparked by provisions in new tax laws requiring a Tax ID for certain transactions, including the opening and operation of bank accounts. Many Nigerians had feared the policy would introduce a fresh registration process.

However, FIRS stressed that the Tax ID requirement is not new, noting that the Nigeria Tax Administration Act, scheduled to take effect in January 2026, merely strengthens a framework that has existed since the Finance Act of 2019.

“The Tax ID unifies all Tax Identification Numbers previously issued by the FIRS and State Internal Revenue Services into a single identifier,” the agency said.

It added: “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.”

FIRS said the reform is aimed at simplifying identification, reducing duplication across government databases and improving accountability within the tax system.

The agency also noted that the integration would help curb tax evasion by ensuring that individuals and businesses with taxable income are properly captured.

MESSAGE us @ https://Wa.me/+2348072633727 for business relationship, Advert, PR, Publicity, Awareness, Interviews, Feature Stories, Press Release/Statement and so on…

Urging Nigerians to disregard misinformation surrounding the policy, FIRS emphasised that the reform is intended to enhance transparency, efficiency and fairness in tax administration, not to impose additional hardship on taxpayers.

VAM News

Recent Posts

Birthday: Oba Makama Celebrates Osun Chief of Staff, Akinleye

The Olowu of Kuta Kingdom, His Royal Majesty, Oba (Dr.) Hammed Adekunle Oyelude Makama, Tegbosun…

19 minutes ago

Ondo State Secures Nigeria’s First $362m Titanium Mega-Plant

THE Ondo State Government (ODSG), under the administration of Dr. Lucky Orimisan Aiyedatiwa, has signed…

3 hours ago

2027: Small Alhaji Urges Idanre/Ifedore Residents To Collect PVCs As INEC Resumes Distribution

The House of Representatives candidate for Idanre/Ifedore Federal Constituency under the Social Democratic Party (SDP)…

3 hours ago

Things To Know About NNPC Cheap Fuel

THE Nigerian National Petroleum Company Limited (NNPC) has announced that only motorists who download its…

7 hours ago

Petrol: Depot prices surge despite NNPC cut

There are indications that domestic petroleum product prices could rise further as petrol depot prices…

10 hours ago

Bollywood Actor Known For Viral Comedy Meme, Dies

Veteran Indian actor Nana Patekar, known for his intense, fiery performances on stage and in…

21 hours ago