The Joint Revenue Board (JRB) has reassured Nigerians that the implementation of the Nigeria Tax Administration Act 2025 will not lead to any restriction on bank accounts or financial transactions due to the absence of a Tax Identification Number (Tax ID).
In a statement issued on December 12, 2025, the JRB clarified that no bank account will be blocked, limited, or subjected to deductions from January 1, 2026, on the basis of whether an individual or business possesses a Tax ID.
The Board urged the public to disregard misinformation and panic-inducing reports, stressing that adequate systems have been put in place to ensure a smooth transition under the new tax framework.
Key Clarifications by the JRB:
- Tax IDs will be issued automatically to all taxable persons:
- Individuals will be assigned Tax IDs using their National Identification Number (NIN).
- Businesses will receive Tax IDs linked to their Corporate Affairs Commission (CAC) registration numbers.
- No bank deductions or transaction restrictions will be imposed due to the non-availability of a Tax ID.
- Systems are in place to ensure seamless issuance and retrieval of Tax IDs without inconvenience to citizens or businesses.
The clarification follows widespread speculation that the absence of a Tax ID could affect access to banking services once the new law takes effect. The JRB emphasized that such claims are false and misleading.
The Nigeria Tax Administration Act 2025 is designed to harmonise tax administration nationwide, with the Joint Revenue Board replacing the former Joint Tax Board to improve efficiency, transparency, and coordination across federal and state tax systems.
The statement was signed by the Corporate Communications Department of the Joint Revenue Board, reaffirming the government’s commitment to orderly tax reforms without disrupting everyday financial activities.
