The Federal Inland Revenue Service (FIRS) has dismissed claims that Nigerians must obtain a separate Tax Identification Number.

The Federal Inland Revenue Service (FIRS), yesterday highlighted the benefits of the new tax law put in place by the Federal Government listing the inherent gain to include strengthening of tax compliance and a boost to the revenue generation of the President Bola Ahmed Tinubu administration.

𝐓𝐡𝐞 𝐍𝐞𝐰 𝐓𝐚𝐱 𝐀𝐜𝐭𝐬 𝐚𝐧𝐝 𝐓𝐚𝐱 𝐈𝐃 – 𝐖𝐡𝐚𝐭 𝐘𝐨𝐮 𝐍𝐞𝐞𝐝 𝐭𝐨 𝐊𝐧𝐨𝐰    The Nigeria Tax Administration Act (NTAA) mandates the use of Tax Identification Numbers (Tax ID) for certain transactions. Understandably, many Nigerians have questions about what this means for banking, businesses, and everyday...

Tax ID Controversy: Not Mandatory for Ordinary Nigerians to Open Bank Accounts - FG Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has dismissed claims that all Nigerians must obtain a Tax Identification Number (Tax ID) before opening or maintaining bank...

Telecom Users Rejoice as FG Drops Levy 5%   The Federal Government has abolished the five per cent excise duty previously imposed on telecommunications services, including voice calls and data usage, in a move expected to ease cost pressures on millions of Nigerians. The National Orientation Agency...

The Federal Government’s major tax reform laws, enacted on June 26, 2025, have officially been published in the government’s Gazette, marking a significant milestone in the country’s fiscal policy framework.