Close Menu
  • Home
  • Politics
  • Crime
  • Education
  • Metro
  • Entertainment
  • International
  • Sports
  • Health
What's Hot

Obi Will Restore Fuel Subsidy In ‘Different Form’ — Kwankwaso

September 23, 2026

Petrol Price Drops AS Crude Falls, Dangote, Markers Takes Lead

September 23, 2026

Brasil President Criticises Trump Over Imposition Right

September 23, 2026
Facebook X (Twitter) Instagram
Trending
  • Obi Will Restore Fuel Subsidy In ‘Different Form’ — Kwankwaso
  • Petrol Price Drops AS Crude Falls, Dangote, Markers Takes Lead
  • Brasil President Criticises Trump Over Imposition Right
  • Ugboaja Family Announces Burial Date For Late NLC General Secretary
  • NSCDC Arrests 24 Personnel Over Death Of 37 Suspected Illegal Miners
  • Ogah Celebrates Bright Ejike On His Birthday
  • Edo LGA Chairman Orders Driver To Wear APC Branded Cap, Threatens Consequences
  • Nigeria Police Issues Nationwide Security Alert On Terror
Facebook X (Twitter) YouTube
Candid ReportersCandid Reporters
  • Home
  • Politics
  • Crime
  • Education
  • Metro
  • Entertainment
  • International
  • Sports
  • Health
Candid ReportersCandid Reporters
Home»Business»FIRS Okays NIN, CAC Number As Tax ID
Business

FIRS Okays NIN, CAC Number As Tax ID

Candid ReportersBy Candid ReportersDecember 23, 2025No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Email Telegram WhatsApp Copy Link

The Federal Inland Revenue Service has announced that the National Identification Number issued by the National Identity Management Commission has automatically become the Tax Identification Number for individual Nigerians.

The clarification was made in a public awareness campaign on the new tax laws shared by the Service on X on Monday.

According to the FIRS, registered businesses will also no longer require a separate Tax ID, as their Corporate Affairs Commission registration number will now serve as their official tax identifier under the new tax system.

The announcement comes amid public concerns over provisions in the new tax laws that require a Tax ID for certain transactions, including the ownership of bank accounts.

Explaining the policy, the FIRS said the Nigeria Tax Administration Act, which is scheduled to take effect from January 2026, mandates the use of a Tax ID for specific transactions. However, it stressed that the requirement is not new, noting that it has existed since the Finance Act of 2019 and has only been strengthened under the NTAA.

READ MORE:  OPINION: A Visionary Man Who Transformed His Hometown into Vibrant Economic Hub

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

“For individuals, your NIN automatically serves as your Tax ID, while for registered companies, your CAC RC number is used. You do not need a physical card, as the Tax ID is a unique number linked directly to your identity.”

The FIRS added that the new system is designed to simplify identification, reduce duplication, close loopholes for tax evasion, and promote fairness by ensuring that everyone who earns taxable income contributes appropriately.

The Service urged the public to disregard misinformation surrounding the reform and assured Nigerians that the new tax framework is aimed at improving efficiency and transparency in tax administration.

PUNCH Online had reported that the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, said that banks will be required to request a TIN from all taxable Nigerians as part of the federal government’s new tax administration framework set to take effect on January 1, 2026.

READ MORE:  Abia to Partner With Kingdom of Netherlands to Create Wealth, Generate Electricity

Do you have an information or event for candid reporters to publish or cover? Kindly Call us on 09132987510 or send us message on Whatsapp number 07034623382 or send us an email candidreporters247.com

Disclaimer: Candid Reporters publishes news, information, sports, opinions, and Interviews. The site includes both reported and edited content. Unmoderated posts and Comments expressed here do not reflect the opinions of Candid Reporters or any employee thereof..
CAC TAX
Share. Facebook Twitter LinkedIn WhatsApp Email Telegram Copy Link
Previous ArticleTwo Rivers Senators Dumps PDP For APC
Next Article Vision Concept International Foundation Hosts End Of Year Party In Grand Style
Candid Reporters
  • Website

Related Posts

Petrol Price Drops AS Crude Falls, Dangote, Markers Takes Lead

September 23, 2026

Abia Government Bans Tricycle Operations on Umuahia-Obowo, Other Roads

August 13, 2026

Governor Otti welcomes $145M Solar Plant Investment In Isiala Ngwa, Reaffirms Commitment To Partnership, Investment Protection

July 17, 2026
Leave A Reply Cancel Reply

Our Picks
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss
Politics

Obi Will Restore Fuel Subsidy In ‘Different Form’ — Kwankwaso

By Candid ReportersSeptember 23, 20262 Mins Read

The Vice Presidential candidate of the Nigeria Democratic Congress (NDC), Rabiu Kwankwaso, has said a…

Petrol Price Drops AS Crude Falls, Dangote, Markers Takes Lead

September 23, 2026

Brasil President Criticises Trump Over Imposition Right

September 23, 2026

Ugboaja Family Announces Burial Date For Late NLC General Secretary

September 22, 2026
About Us
About Us

Candid Reporters is an online Newspaper company that focuses on factual news reportage on entertainment, sports, health, music fashion, E-publishing, etc. We provide the latest breaking news and videos straight from the news and entertainment industry.
candidreporters247@gmail.com

Our Picks
New Comments
    Facebook X (Twitter) YouTube
    • Home
    • Privacy Policy
    © 2026 Candid Reporters. Designed by Barto Creatives.

    Type above and press Enter to search. Press Esc to cancel.

    Ad Blocker Enabled!
    Ad Blocker Enabled!
    Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.