Recruitment Shortlisted Candidates
  • Home
  • Education Scholarships
  • Job Offers
  • Loan And Grant
  • News
  • Technology
  • Sitemap
Recruitment Shortlisted Candidates
 Earn Cash
  • Home
  • Education Scholarships
  • Job Offers
  • Loan And Grant
  • News
  • Technology
  • Sitemap
Recruitment Shortlisted Candidates
Recruitment Shortlisted Candidates
  • Home
  • Education Scholarships
  • Job Offers
  • Loan And Grant
  • News
  • Technology
  • Sitemap
 Earn Cash

©2022 Soledad, A Technology Media Company – All Right Reserved. Designed and Developed by PenciDesign

Education ScholarshipsNews

Just In: You Can’t Operate Your Bank Account without TIN comes Jan. 2020- FG

by myeduproject December 19, 2022
written by myeduproject December 19, 2022
0 comment FacebookTwitterPinterestLinkedinWhatsappTelegram

The federal government through the office of the minister of finance disclosed that, come January 2020 a lot of Nigerians in their millions will not have Access to their Bank Accounts. It should not come as a surprise, she alleged

In her words, the finance minister revealed that, from 2nd, January, 2020, millions of Nigerians will not be able to access their bank accounts,

Lately, the National Assembly raised and passed a bill, prompting all Nigerians, appertaining Personal Income Tax,  and in witness whereof the president has append his signatures and seal into law

This is a direct result of the Finance Bill as of now passed by National Assembly as revised areas 33, 49 and 58 of the Personal Income Tax Act. In this manner, people are required to create their Tax Identification Numbers (TIN) before they can work existing or new financial balances in Nigeria.

This means, in the event that you don’t have TIN, you won’t have the option to work your ledger. This may come as stun to many; however the significant activity now is to guarantee you have a TIN as the date for execution has been set for second of January 2020. The pastor of money, Zainab Ahmed, made this known to the general population.

On the off chance that you maintain an enlisted business and have dealings with government, there is probability you as of now have your TIN, so you ought not to have issues. The possibility of this new law is to get more Nigerians into the assessment net.

Tax Identification Number is Free

Acquiring TIN is FREE of charge; you ought not to pay for it. Likewise there are no age constrains in having TIN as youngsters are obliged to make good on Tax on the off chance that they get pay from an organization. The main exclusions are on sure limits of salary.

In the event that you need to check your TIN or to know whether you have one, you can go to the Joint Tax Board site. https://tinverification.jtb.gov.ng Or Federal Inland Revenue Website www.firs.gov.ng

You can still meet any Auditing firm to assist you generate Tax identification Number (TIN) for you, time is of the essence, the earlier the better.  Let it occur to you, No TIN, no Access to Bank Account.

It is worthy to note, the Federal Government plans to generate huge revenue from non-oil sector, to finance the 2020 budget. One of these ways is the Personal Income Tax, if all Nigerians eventually pay Personal Income Tax (PIT), more than 4 Billion Dollars will be generated from PIT, an online source claimed. Also read http://myeduproject.com.ng/six-6-reasons-why-students-are-not-intelligent-in-academics

Nigerians must braced up for hard times, as the nation undergo difficult economic surgery, government need so much money to finance a lot of capital and recurrent expenditure, if the nation were to see development in the fourth coming years.

However, we must corporate with the federal government to see this come into fulfillment, the coming of TIN as to PIT should be embraced by all. The benefits are huge to the nation. More tax will be collected from the rich.  

previous post
N-power 2016 Exit Package: Uwais, Afolabi , Farouq-Set Agenda for Glorious Exit
next post
Just in: Batch A in Transition-Sadiya Umar

Recent Posts

  • Revive Rural Education Enumerator List of Successful Candidates 2025

    May 12, 2025
  • Link to Apply for Skills to Wealth Program (S2W)| Up to N400,000

    May 12, 2025
  • FCSC Shortlisted Candidates 2025 | Download PDF Final List

    May 12, 2025
  • Nigeria Customs Service Final List| CBT Screening Date & Venue

    May 12, 2025
  • Nigeria Customs Service Screening Date 2025/2026 | NCS Examination Venues

    May 12, 2025
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Sitemap
  • Terms And Conditions

@2020 - All Right Reserved.

Recruitment Shortlisted Candidates
  • Home
  • Education Scholarships
  • Job Offers
  • Loan And Grant
  • News
  • Technology
  • Sitemap

Read alsox

Reconciliation of March stipend Ongoing as FG...

April 30, 2020