The Joint Revenue Board (JRB) has clarified that there will be no restrictions on bank accounts or financial transactions from Jan. 1, 2026, due to the non-availability of Tax Identification Numbers (Tax IDs).
The assurance is contained in a statement issued on Friday by the Corporate Communications Department of the board.
According to the JRB, no deductions will be made from any bank account on the basis of whether an individual or business possesses a Tax ID or not.
“The Joint Revenue Board reiterates that there will be no restrictions on bank accounts or financial transactions effective Jan. 1, 2026, due to the non-availability of Tax IDs,” the statement said.
It added that the issuance of Tax IDs would be automated to ensure ease and inclusiveness for all taxpayers.
The board explained that Tax IDs would be automatically generated for every taxable person using the National Identification Number (NIN) for individuals, and the Corporate Affairs Commission (CAC) registration number for businesses.
The JRB urged members of the public to remain calm, assuring them that adequate measures were being put in place to guarantee a seamless issuance and retrieval of Tax IDs nationwide.
“There is no cause for panic, as processes are ongoing to ensure smooth access to Tax IDs for all eligible taxpayers,” the board said.
