New Bill Proposes Tax ID For Opening Bank Accounts …C0NTINUE READING HERE >>>
A new legislative proposal in Nigeria mandates that individuals involved in banking, insurance, stock-broking, or other financial services must provide a Tax Identification Number (TIN) before opening a new account or operating an existing one.
The bill, titled “A Bill for an Act to Provide for the Assessment, Collection of, and Accounting for Revenue Accruing to the Federation, Federal, States, and Local Governments; Prescribe the Powers and Functions of Tax Authorities, and for Related Matters”, seeks to enhance tax compliance and streamline the nation’s revenue collection…
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