The Joint Revenue Board (JRB) has clarified that there will be no restriction on bank accounts or financial transactions from Jan. 1, 2026, as a result of the non-availability of Tax Identification Numbers (Tax IDs).

The board made the clarification in a statement issued on Friday by its Corporate Communications Department, following reports suggesting that bank accounts without Tax IDs might face restrictions.

According to the JRB, no deductions will be made from any bank account on the basis of whether an individual or business entity possesses a Tax ID.

“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 Identification Numbers,” the statement said.

The board further explained that the ongoing reform of the tax administration system is aimed at improving efficiency, inclusiveness, and ease of compliance for taxpayers across the country.

It disclosed that the issuance of Tax IDs would be fully automated to ensure seamless access for both individuals and corporate bodies.

Under the new system, the JRB said Tax IDs would be automatically generated for every taxable individual using the National Identification Number (NIN), while businesses would be issued Tax IDs based on their Corporate Affairs Commission (CAC) registration numbers.

The board assured members of the public that adequate mechanisms were being put in place nationwide to guarantee smooth issuance, retrieval, and usage of Tax IDs without unnecessary bottlenecks.

The JRB urged Nigerians to remain calm, stressing that there was no cause for panic, as implementation processes were ongoing to ensure that all eligible taxpayers are captured.

“There is no cause for panic, as processes are ongoing to ensure smooth access to Tax IDs for all eligible taxpayers,” the statement added.

The board reaffirmed its commitment to transparency and effective communication, assuring the public that further updates would be provided as the automation process progresses.