How Bank Account Holders Can Get a Nigerian Tax ID Before Jan. 2026 Deadline

If you own a bank account in Nigeria, you need to get a Tax Identification Number (TIN) before January 1, 2026. This new rule is part of the Nigeria Tax Administration Act, 2025, which requires all bank account holders to have a Tax ID to operate their accounts. The deadline is coming soon, so it is important to know how bank account holders can get a Nigerian Tax ID before the deadline.

The good news is that getting your Tax ID is simple and free. In many cases, your Tax ID may already be created using your Bank Verification Number (BVN) or National Identification Number (NIN). Here is a step-by-step guide to help you understand how bank account holders can get a Nigerian Tax ID easily.

Step 1: Check if You Already Have a Tax ID

To start, visit the official Joint Tax Board (JTB) TIN Verification Portal at https://tin.jtb.gov.ng.

Choose the “Search for TIN” option.

You will need to enter your BVN and your date of birth to see if a Tax ID has already been assigned to you. This step will save you time if your Tax ID is already available.

Step 2: Register for a New Tax ID

If you don’t find your Tax ID on the portal, you will need to register for one.

Go to the JTB TIN Registration Portal and select the “Register for TIN” option for individuals.

Fill in your BVN, NIN, and other personal details as required.

Once you submit your information, follow the instructions to complete your registration.

You can then download and print your Tax ID certificate.

Remember, the entire process is free. It is best to complete this before the January 2026 deadline to avoid any problems with banking and financial services.

Understanding the New Tax Law

The Nigeria Tax Administration Act, 2025, signed by President Bola Tinubu, aims to improve Nigeria’s financial system. This law requires every bank account holder to have a Tax ID to operate their account. According to Section 8(2) of the Act, anyone using banking, insurance, stock-broking, or other financial services must provide a valid Tax ID.

Even non-residents who supply goods or services or earn income from Nigeria must register and get a Tax ID (Section 6(1)). If someone does not register, the tax authorities have the power to assign a Tax ID automatically (Section 7(3)).

Additional Information for Businesses

If a business temporarily stops operating in Nigeria, it can suspend or deregister its Tax ID by notifying the tax authority within 30 days, as stated in the Act. This helps businesses manage their tax obligations better during periods of inactivity.

Expert Clarifications

Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, clarified the new law to the public. He explained that this is not a new policy but an enforcement of existing tax rules since the Finance Act of 2019. The NIN for individuals and the CAC registration number for companies will serve as their Tax ID in the future.

Oyedele stressed that the law is designed to ensure fairness so that everyone who earns taxable income pays their share. The system also protects low-income earners who are not taxable. Without a Tax ID, bank account holders may not be able to use their accounts, insurance policies, or investment accounts, and sanctions will apply.

Why You Should Act Now

As the deadline approaches, it is essential to take action early. Knowing how bank account holders can get a Nigerian Tax ID before 2026 will help you avoid delays in using your bank account and other financial services. By checking the verification portal or registering for a Tax ID, you can easily comply with the new law.

In summary, the process is easy, free, and can be done online from anywhere. Start by verifying your Tax ID on the JTB portal. If you don’t have one, register quickly to get your Tax ID certificate. Doing this before January 1, 2026, will ensure your bank accounts continue working smoothly without interruption.

If you want to know how bank account holders can get a Nigerian Tax ID before the deadline or need guidance on registration, use the official online resources. This new law marks an important step in Nigeria’s financial system, making it more transparent and accountable. Taking these simple steps today means you won’t face any issues accessing your bank account in the near future.

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