CHAWAI COMMUNITY APPEALS TO GOV. UBA SANI FOR RELIEF, MEDICAL SUPPORT AFTER DEADLY KAURU ATTACK. (PHOTO).

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 Chawai Community Appeals To Gov. Uba Sani For Relief, Medical Support After Deadly Kauru Attack The people of Chawai Chiefdom in Kauru Local Government Area of Kaduna State have appealed to Governor Uba Sani to provide urgent relief and medical assistance to victims of the deadly attack on Naridon village in Kamaru Ward. In an open letter addressed to the governor, the community commended his leadership, describing his administration as inclusive and fair. They said this had given residents confidence that every community in the state is valued. The community, however, expressed concern over what it described as the lack of government intervention following the attack on Naridon village, in which it said 30 people were killed. According to the letter, many survivors and families of the victims are still struggling with grief, trauma, displacement, and the challenges of caring for those injured in the attack. The community said many affected residents feel neglected, as they have y...
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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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