FEATURED
CAC RC Number for Coys, NIN for Individuals – How FIRS Resolved Tax ID Controversy
The Federal Inland Revenue Service (FIRS) has resolved the controversy whether Nigerians are expected to register for a new Tax ID, declaring that the National Identity Management Commission (NIMC) has automatically become a tax ID for Nigerians.
FIRS, also declared the Corporate Affairs Commission (CAC) RC number will
automatically becomes their tax ID under the new tax system for registered companies.
The development comes in the wake of conversations surrounding a provision of the tax laws mandating a Tax ID for bank account ownership.
Speaking in a public awareness campaign on the new tax laws posted on X on Monday, the FIRS disclosed that for registered businesses, the RC number issued by the Corporate Affairs Commission (CAC) automatically becomes their tax ID under the new tax system.
It added that the Nigeria Tax Administration Act (NTAA), scheduled to come into force from January 2026, mandates the use of Tax ID for certain transactions, according to the campaign.
The Service stated that the requirement has been in place since the Finance Act 2019 and has been strengthened under the NTAA.
“The Tax ID unifies all TINS previously issued by FIRS and states IRS into a single identifier.
“For individuals, your NIN automatically serves as your Tax ID, while for registered companies, your CAC RC number is used.
“You do not need a physical card; the Tax ID is a unique number linked directly to your identity,” the FIRS shared.
Oborevwori’s CPS Ahon Meets New Delta NUJ Exco, Calls For Closer Synergy With Government
Full List: Tinubu Nominates 4 New INEC Commissioners, 2 RECs — See Names, States
NNPC Confirms Rivers Pipeline Explosion, Residents’ Homes and Businesses Damaged
Police Raid Cult Anniversary Party in Asaba, Arrest 95 Suspected Cultists, Recover Pump-Action Guns
Aircraft Loses Door Minutes After Take-Off From Abuja, Makes Emergency Landing
Umahi Orders Reconstruction Of Benin-Asaba Highway, Reopens First Niger Bridge With CCTV, Solar Lights
Minimum Wage: NLC, FG Clash Over Timing of Fresh Wage Review
Yahaya Bello Fraud Trial: BDC Operator Reveals How N1.425bn Was Used To Pay Bello Children’s School Fees At AISA
Dokubo-Asari To Be Crowned Amanyanabo Of The Source Dec 19, As Tonye Princewill Chairs Coronation Committee
Ebenco Refinery Gets NMDPRA Approval To Introduce Hydrocarbons, Advances To Commissioning
Delta: Police Arrest Man For Attempted Armed Robbery, Stabbing Woman in Alifekede Village
Delta Police Arrest Three Over Theft Of N2m, POS Machine In Okwagbe Waterside
Oluremi Tinubu Pays Homage to Oba of Benin in Benin City
Delta NUJ Election: Oyowe Re-elected Chairman, Defeats Obieh
2027 Delta Central: Omo-Agege Accuses Dafinone Of Sponsoring Petitions, Says He’s Scared Of Election
