The Nigeria Revenue Service (NRS) is set to implement a new Taxpayer Identification (Tax ID) system for all taxable persons in the country. This will be done in collaboration with the Joint Revenue Board (JRB). The agency made the announcement in a public notice issued on its X handle on Monday, stating that the reform is backed by Sections 6, 7, and 8 of the Nigeria Tax Administration Act, 2025, which requires every taxable person to obtain a Tax ID. According to the NRS, the new system is designed to strengthen tax administration, improve transparency, and streamline service delivery across…
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