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New Bill Mandates Tax ID For Opening Bank Accounts - Politics (2) - Nairaland

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Re: New Bill Mandates Tax ID For Opening Bank Accounts by lanre316: 6:30am On Oct 11
lionshare:
This should be the norm except that our people don’t like accountability.

Yes, it should be norm in a normal society where the government takes good care of it's citizen. Does Nigeria look normal to you?

7 Likes

Re: New Bill Mandates Tax ID For Opening Bank Accounts by Festy4u(m): 6:30am On Oct 11
helinues:
Long overdue

Of course, it's long overdue; so that the clueless government you so support will tax the living daylight outta your meagre online salary.

Baba Mumu! grin

7 Likes

Re: New Bill Mandates Tax ID For Opening Bank Accounts by joseph1832(m): 6:32am On Oct 11
First it was valid ID card, then it is bVn, now they say NIN. They're now talking about Tax ID again. How confuse can this people be?

4 Likes

Re: New Bill Mandates Tax ID For Opening Bank Accounts by shedy03(m): 6:33am On Oct 11
Acidosis:



One of T-pain's aggressive but tactless e-advocates. You want to tax poverty?
This government is a killer

4 Likes

Re: New Bill Mandates Tax ID For Opening Bank Accounts by Festy4u(m): 6:41am On Oct 11
lionshare:
This should be the norm except that our people don’t like accountability.


And the government imposing the tax on the people looks accountable in your eyes?

1 Like

Re: New Bill Mandates Tax ID For Opening Bank Accounts by lexy2014: 6:41am On Oct 11
lionshare:
This should be the norm except that our people don’t like accountability.

see who is talking. is the government accountable?

4 Likes

Re: New Bill Mandates Tax ID For Opening Bank Accounts by Basicend: 6:41am On Oct 11
PlanetZero:
Only about recieving from the masses

Pls what is the things given back to the masses in return. Nothing. Except suffering

His online warriors will come and attack you now. . and defend the policy to death.

Even despite the fact that they eat mostly fufu and egusi with no meat for the past 2 months.

Mumu lots.

4 Likes 1 Share

Re: New Bill Mandates Tax ID For Opening Bank Accounts by ceejayluv(m): 6:45am On Oct 11
That Bill is definitely from T.pain
Re: New Bill Mandates Tax ID For Opening Bank Accounts by Sweeetheart(m): 6:47am On Oct 11
A miserable mistake


If Tinubu is reelected in 2027 the next president will take us for a ride but if we show this Zaccheus wannabe the way out in 2027, the next president will believe indeed that power rest in the hands of the people

1 Like

Re: New Bill Mandates Tax ID For Opening Bank Accounts by spiSeyi: 6:48am On Oct 11
Tax!Tax! with no tangible innovation undecided Koburu nah to dey keep my money inside piggy bank and ask my foreign clients to pay in crypto. Buy things online in crypto then sell them here for cash to have the local currency grin grin. PBAT continues to reap before sewing undecided

1 Like

Re: New Bill Mandates Tax ID For Opening Bank Accounts by igbosarejews(m): 6:49am On Oct 11
Digriz:
These measures are coming from people who want to destroy Nigeria and make it look like Somalia and Eritrea. The puppet is being controlled by the West through the IMF and World Bank. They have something on him, so they've caged and manipulated him into submission otherwise, they would let the cat out of the bag. We are in real trouble, and there's still a long way to go. The bridge is too far, so everyone should brace themselves.
Let's blame the west as usual.






Re: New Bill Mandates Tax ID For Opening Bank Accounts by Bullfallo(m): 6:50am On Oct 11
They are already requesting for tax ir to open business account. So whe is he saying again?

Or they want to start taxing savings and students account?

1 Like

Re: New Bill Mandates Tax ID For Opening Bank Accounts by yesloaded: 6:50am On Oct 11
helinues:
Long overdue

What's the essence of stamp duty charges?

When we make a transfer, government tax us as well

When you make a phone call, we pay tax

When we buy groceries in the supermarket we pay tax

On everything we buy, we definitely pay tax

So which tax again are we talking about here?

Multiple taxation here & there

4 Likes

Re: New Bill Mandates Tax ID For Opening Bank Accounts by LtChisom: 6:55am On Oct 11
What of all those owomida people, so they will be storing Their begged money under the many tree.
Re: New Bill Mandates Tax ID For Opening Bank Accounts by bixton(m): 6:58am On Oct 11
adenigga:




Source: https://punchng.com/New-bill-mandates-tax-ID-for-opening-bank-accounts



Irresponsible people in leadership positions.
Anyways it's the responsibility of the legislative to speak against it.
The minimum wage the FG proposed has not even hit the account of civil servants but they have increased price of PMS multiple times. A government who threatened NLC that they should agree to #70k minimum or otherwise see an increase in price of fuel. Not only have the price of fuel increase but every good and commodity has increased.
Even with the completion of an indigenous refinery is still selling PMS like it's an imported product.
I wonder how long will Nigerians remain undivided and disunited before these hooliganism practiced by politicians is put away.
Re: New Bill Mandates Tax ID For Opening Bank Accounts by Yankee101: 6:59am On Oct 11
Tinubu and taxes
Re: New Bill Mandates Tax ID For Opening Bank Accounts by CaptainJune: 7:02am On Oct 11
helinues:
Long overdue

A mindless, souless, robotic supporter of a clueless, rice-favouring, corrupt and inept government. The yes-man of every crap dished out by his masters. If Tinubu should give his urine to his followers to drink you will be the first in line with two large cups and a grin extending the boundary of your face.

7 Likes 1 Share

Re: New Bill Mandates Tax ID For Opening Bank Accounts by IamANigerianMan: 7:04am On Oct 11
helinues:
Long overdue
The one you have been paying what did they use it for

2 Likes

Re: New Bill Mandates Tax ID For Opening Bank Accounts by smileyoo: 7:08am On Oct 11
T- pain on the beat, but with manner this T-pain's administration is speedily extorting Nigerians, i wonder how many Nigerians can survive all these onslaughts ?
anyway banking is not by force, this policy can only stifle the banking industry, as many Nigerians will be discouraged of using the services of the banks.
T- pain is famous for always collecting from the masses, without giving back to the masses, except during the elections when he will share some miserable palliatives to the masses and huge palliatives to his political cronies.
Nigerians are in for a rough long ride with a very reckless driving driver.
May God help good Nigerians.

2 Likes

Re: New Bill Mandates Tax ID For Opening Bank Accounts by Winner45: 7:10am On Oct 11
Tinubu is showing his true colour

2 Likes

Re: New Bill Mandates Tax ID For Opening Bank Accounts by lionshare: 7:10am On Oct 11
RodgersAkpafu:



how is it supposed to be the norm ?
Even the UK that is notorious for taxing you to your jugular will not propose such a draconian policy

Nigeria has a huge shadow economy
how will you drive financial inclusion with this kind of policy ?

What’s draconian about attaching tax identification to bank transactions? It’s that same shadow economy that’s responsible for the corruption and insecurity we’ve been crying about. Remove the shadow and bank the unbanked; it’s improves security too.

Let’s embrace transparency; we know for a fact no business with revenue less than N25m will get taxed. Or what do you have to hide?

One last thing the CBN needs to ban all cash dollar transactions within the country. Everything must go through the bank!!!
Re: New Bill Mandates Tax ID For Opening Bank Accounts by redcliff: 7:10am On Oct 11
lionshare:
This should be the norm except that our people don’t like accountability.

There is no bank elsewhere in developed countries where you need a taxnumber to open a bank account.

1 Like

Re: New Bill Mandates Tax ID For Opening Bank Accounts by criuze(m): 7:13am On Oct 11
No problem about taxation

My question is where will the unemployed , underemployed , get money for the taxation


People pay taxes from the dividends and magnanimity of government

Do we have unemployment benefits , old age benefit , availability of low interest loans for our enterprise, well these ones are far

Are we even safe and secured

Someone should lead of to freedom, we are under cruelty and servitude

4 Likes

Re: New Bill Mandates Tax ID For Opening Bank Accounts by Winnin009: 7:17am On Oct 11
lionshare:
This should be the norm except that our people don’t like accountability.

Don't be silly. You shouldn't need a tax ID to operate a bank account as not everyone operating a bank account has a taxable income. Na companies and small businesses dey require such.

4 Likes

Re: New Bill Mandates Tax ID For Opening Bank Accounts by Cti28(m): 7:17am On Oct 11
helinues:
Long overdue
You are a complete disgrace. Even if you are paid to be stupid, it should degenerate to this level. You are because more irritable with each passing day.

5 Likes

Re: New Bill Mandates Tax ID For Opening Bank Accounts by Offpoint1: 7:18am On Oct 11
lionshare:
This should be the norm except that our people don’t like accountability.
Accountability for what exactly? Elaborate
Re: New Bill Mandates Tax ID For Opening Bank Accounts by Winnin009: 7:18am On Oct 11
JAOS:
BVN can be use for this since it is link to all our financial account and every bank transactions are already tax since a percentage is deducted from our money this government should stop its policies of anti-people and let the poor breath

It's just wickedness at this point.

1 Like

Re: New Bill Mandates Tax ID For Opening Bank Accounts by lionshare: 7:19am On Oct 11
redcliff:


There is no bank elsewhere in developed countries where you need a taxnumber to open a bank account.
You should ask PayPal for starters—except you’re saying KYC is a Nigerian thing.
Re: New Bill Mandates Tax ID For Opening Bank Accounts by RodgersAkpafu: 7:19am On Oct 11
lionshare:


What’s draconian about attaching tax identification to bank transactions? It’s that same shadow economy that’s responsible for the corruption and insecurity we’ve been crying about. Remove the shadow and bank the unbanked; it’s improves security too.

Let’s embrace transparency; we know for a fact no business with revenue less than N25m will get taxed. Or what do you have to hide?

One last thing the CBN needs to ban all cash dollar transactions within the country. Everything must go through the bank!!!


your last paragraph has to be a joke right?
Re: New Bill Mandates Tax ID For Opening Bank Accounts by lionshare: 7:21am On Oct 11
Winnin009:


Don't be silly. You shouldn't need a tax ID to operate a bank account as not everyone operating a bank account has a taxable income. Na companies and small businesses dey require such.
Fair point but tracking or recording a transaction is not same as taxing the customer or is it?
Re: New Bill Mandates Tax ID For Opening Bank Accounts by Winnin009: 7:22am On Oct 11
Digriz:
These measures are coming from people who want to destroy Nigeria and make it look like Somalia and Eritrea. The puppet is being controlled by the West through the IMF and World Bank. They have something on him, so they've caged and manipulated him into submission otherwise, they would let the cat out of the bag. We are in real trouble, and there's still a long way to go. The bridge is too far, so everyone should brace themselves.







Go on... Blame the west once again for our failures and inhumanity towards one another. Soon, you'll blame them for impotency or inability to get your wife pregnant.

1 Like

Re: New Bill Mandates Tax ID For Opening Bank Accounts by lionshare: 7:22am On Oct 11
RodgersAkpafu:


your last paragraph has to be a joke right?

Joke? I’m dead serious —what exactly is anyone doing with physical dollar in Nigeria?

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