The Lagos state tax authority issued a notice in June 2019, announcing an intention to integrate the state’s existing taxpayers identification system with the national tax identification number (TIN) system.
The Lagos tax authority intends to leverage an existing bank verification number system to achieve this integration. Once completed, access to the Lagos electronic platform for all transactions (such as registration and creation of payer IDs for new taxpayers, payment of taxes and validation of taxpayers’ profiles) would require bank verification number validation.
Self-employed individuals would need to provide their bank verification number to the Lagos tax authority for creation of their unique number, and corporate employers would need to determine that their employees provide their bank verification numbers for processing of their tax clearance certificates.
Read a June 2019 report [PDF 131 KB] prepared by the KPMG member firm in Nigeria
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.