NICOLE KIDMAN RECALLS THE HEARTBREAKING MOMENT SHE FOUND OUT HER MOM DIED.(PHOTO).

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 Nicole Kidman recalls the heartbreaking moment she found out her mom died Nicole Kidman has opened up about the heartbreaking moment she learned of her mother Janelle’s death just as she was about to accept a best actress award at the Venice International Film Festival.  The Babygirl star recalled being backstage when she received the news, saying she returned to her room “completely devastated” and unsure how she would move forward without her mother, who had been such a central part of her life. She described the “harrowing” attempt to leave Venice in the middle of the night to return to Australia, only to turn back, overwhelmed and alone.  Director Halina Reijn later read a statement on Kidman’s behalf, dedicating the award to Janelle and acknowledging the collision of art and life in that painful moment. In the days following, Nicole and her sister Antonia shared a joint message of gratitude on Instagram, thanking friends and fans for their condolences and asking for...
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NEW TAX LAW CLARIFIES USERS OF TIN FOR BANK ACCOUNTS. (PHOTO).

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 New tax law clarifies users of TIN for bank accounts


The Nigeria Tax Administration Act (NTAA) has reinforced the requirement for a Tax Identification Number (Tax ID) for certain transactions, including opening bank accounts.


According to Fiscal Reforms Nigeria, the Act makes clear that only “taxable persons,” those who earn income from trade, business, or other economic activity, are mandated to register and obtain a Tax ID.


The NTAA does not introduce a new rule but clarifies an existing policy that has been in effect since the Finance Act of 2019. It seeks to create a fairer and more transparent tax system while protecting citizens’ rights.


The statement reads: "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 life.


"This FAQ provides answers, clarifies misconceptions, and highlights the safeguards in place to protect citizens while ensuring a fairer, more transparent tax system.


"Frequently Asked Questions

"Q1. Is it true that everyone must obtain a Tax ID before opening or continuing to operate a bank account?�A1. Yes, but with some clarifications. Section 4 of the NTAA requires all taxable persons to register with the tax authority and obtain a Tax ID. A “taxable person” is someone who carries on trade, business, or other economic activity to earn income. Banks and other financial institutions are required to request a Tax ID from taxable persons. Individuals who do not earn income and are not taxable persons are not required to obtain a Tax ID.


"Q2. Is this requirement new?�A2. No. This is not a new policy. It has been in place since the Finance Act, 2019, which amended section 49 of the Personal Income Tax Act. Since January 2020, individuals opening a business account have been required to provide a Tax Identification Number (TIN). The NTAA only strengthens and harmonises this requirement."

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