Nigeria proposes mandatory tax ID for operating bank accounts, other financial services

A new bill in Nigeria seeks to make the provision of a Tax Identification Number (TIN) mandatory for individuals engaged in banking, insurance, stockbroking, and other financial services, as part of efforts to strengthen tax compliance and enhance revenue collection. The proposed legislation, titled “A Bill for an Act to Provide for the Assessment, Collection … Continue reading Nigeria proposes mandatory tax ID for operating bank accounts, other financial services