The Federal Government has established a definitive timeline for stricter tax compliance, mandating that banks require a Tax Identification Number (TIN) from all taxable Nigerians maintaining bank accounts beginning January 1, 2026.
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, disclosed the regulatory overhaul in a recent interview shared on his X account on Thursday. The move is central to the government’s new tax administration framework aimed at expanding the national tax net.
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