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Nairaland Forum / Nairaland / General / Politics / New Bill Mandates Tax ID For Opening Bank Accounts (14009 Views)
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Re: New Bill Mandates Tax ID For Opening Bank Accounts by Kriss100: 7:27am |
Another person wey sabi wetin dy happen |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by Kriss100: 7:28am |
Digriz:bro your head dy there..u sabi wetin dy happen |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by Zooposki(f): 7:30am |
lionshare: PayPal does not require a Tax Number to open an account. |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by Winnin009: 7:30am |
lionshare: Lol... Who ever listed Paypal as a bank? As always in a bid to defend trash, you ended up sounding inept. Even the yankee where paypal is dominant; they don't need tax ID to open or operate bank accounts. only businesses require such. And you don't seem to know what KYC means. No one has more KYC info than the banks... This is just silly policies and has nothing to do with KNOWING YOUR CUSTOMER! 3 Likes |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by panpan(m): 7:32am |
A mandatory tax ID is not what Nigerians need right now. The bill should be thrown out. |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by Okoroawusa: 7:32am |
Good development. Just as it's done in "saner climes" |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by redcliff: 7:34am |
lionshare: Business account. Payoal wont ask you for Taxid to open a private account. |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by Okoroawusa: 7:36am |
yesloaded:That's the way it should be. That's the reason you sell your mansion to japa so that you can enjoy the things that payment of taxes provided. Nigeria must move forward. |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by lionshare: 7:36am |
redcliff:Do you agree Nigerians use personal accounts for business transactions? |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by yesloaded: 7:36am |
Okoroawusa: I laugh at your ignorance 1 Like |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by Winnin009: 7:37am |
lionshare: Bottom line is it's not needed. Normally, if our systems were properly integrated, we don't need anything more than BVN. It has all our biological info and what not. The BVN is more than sufficient to track, record and even provide further oversight on whatever bank account or transaction. The tax ID is more often for the company or business and not even the person that owns the business because with the person's SSN, all shits (good or bad) are availabe and that includes taxes paid... The Tax ID makes the business an entity and eligible to pay tax as the business isn't a human that can be issued an ssn 1 Like |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by Okoroawusa: 7:37am |
yesloaded:Okay |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by lionshare: 7:38am |
Zooposki:I am sure you have heard of the $600 transaction threshold |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by jaxxy(m): 7:38am |
helinues: A Corrupt and wasteful government can never achieve anything even if they triple tax everybody. |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by yesloaded: 7:38am |
1 Like |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by success1smyn(m): 7:39am |
Acidosis: You don't want to pay tax? Nigerians hate paying tax or any other dues but want to enjoy things free. That's not saying our leaders have been good though |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by emonis88: 7:40am |
Tinubu has always been an anti masses person. Even when he was governor of Lagos |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by Bimpe29: 7:40am |
This is a nice way of expanding the tax net but this present government led by Tinubu lacks moral justification for collecting taxes from the tax payers. |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by Zooposki(f): 7:41am |
lionshare: Yes I have, but all they require is your Social Security number for personal accounts, and not a Tax ID. They also delineate between receipt of money from family/friends and sales, since some people use their account for business. |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by Truthsandtrusts: 7:41am |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by Treasure17(m): 7:42am |
Tinubu the tax master. |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by lionshare: 7:43am |
Winnin009:While I see your point I do not agree with you as I think every adult with a capacity to receive income/inflow should have a tax ID which can be used to effectively managed the automatic stabilizers like transfer payments (Direct cash transfers to citizens). |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by lionshare: 7:44am |
Zooposki:Exactly If neo-bank should require that what should expect from a traditional bank? |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by Zooposki(f): 7:46am |
lionshare: That’s why you should have a business bank account. |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by mikeapollo: 7:46am |
adenigga: So students who need to open a bank account should also get a tax ID? You people are sick? 2 Likes |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by Winnin009: 7:46am |
lionshare: Still not necessary for the reason you gave as the government already has access to BVN database that's directly linked to our accounts. Bro, you might as well stop now. There's no reasonable defence for this. 1 Like |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by blowjohn(m): 7:46am |
It's high time they taxed people that drink more than 4 bottles of beer in one sitting. Ah ah! How can someone just go and sit in a spot and consume 10 bottles!!! |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by Winnin009: 7:49am |
blowjohn: This one sef follow bro. Be like Tinubu no dey meet some people. Lol 1 Like |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by lionshare: 7:50am |
Winnin009:The BVN is not a government asset; rather, the NIN and TIN are. If you are a poor person this is not something to worry about but if your transactions flows exceeds 25M then you have been ripping the government off the needed taxes but not anymore |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by lionshare: 7:54am |
mikeapollo:As with all laws there will be exceptions |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by ClearFlair: 7:54am |
helinues: Good for you |
Re: New Bill Mandates Tax ID For Opening Bank Accounts by Tolu2024(f): 7:58am |
After APc is done with the zoo you will all learn the hard way. |
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