From 2nd, January, 2020, millions of Naija people no go fit access their bank accounts.
This na because of the Finance Bill wey dem currently pass by National Assembly with amended sections 33, 49 & 58 of the Personal Income Tax Act.
So therefore , everybody dey required to produce their Tax Identification Numbers (TIN) before they can fit operate existing or new bank accounts for Naija.
E mean say, if you no get TIN, you no go fit operate your bank account.
Na the minister of finance, Zainab Ahmed, yarn this tori to the public.
Make Una read wetin im yarn
This may come as shock to many, but the important thing to do at this point is to ensure you have a TIN as the date for implementation has been set for 2nd of January 2020.
If you run a registered business and have dealings with government, there is a likelihood you already have your TIN, so you should not have issues. The idea of this new law is to get more Nigerians into the tax net.
Obtaining TIN is FREE of charge, you should not pay for it.
Also there are no age limits in having TIN as teenagers are obliged to pay Tax if they receive income from a company.
The only exemptions are on certain thresholds of income.
If you want to verify your TIN or to know if you have one, you can go to the Joint Tax Board website.https://tinverification.jtb.gov.ng
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