The “Self-Certification” Form Is For Tax Residency Information

September 18, 2020

Citizen is a column that explains how the government’s policies fucks citizens and how we can unfuck ourselves.


In case, you slept yesterday afternoon and suddenly woke up this morning, well, good morning. But a lot has happened.

The Federal Government directed that all Nigerians should go to all the banks they have an account in and fill something called a “Self Certification Form”. They say the BVN, National ID, Voter’s Card, Drivers Licence, National Passport and all the other data we have in this country is not enough to help them find what they are looking for.

In case you are still confused, we wrote about it in a series of articles.

The Real Purpose of the Self-Certification Form

Taiwo Oyedele, a foremost tax expert has revealed on Twitter that this form is for the exchange of tax information between Nigeria and other countries. Financial institutions would know the tax residency of customers and be able to share the information with other countries.

In other words, the government (through banks) wants to know the countries you live and where you should be paying different taxes to.

He also stated that for companies, the government would know who has the controlling interest in a business, commonly known as “beneficial ownership.”

Other Opinions

1. It is a self-enforcement tax issue, not an identification issue.

2. Tax residency is for 0.00001% of the population.

The Thing About Tax Residency

For tax purposes, a resident of a country is any person that is subject to tax under the domestic laws of that country by reason of residence, place of incorporation, or any other criteria.

Because different countries have different ideas on what it means to be a resident, countries generally enter into agreements (or treaties) with one another, so that a person living in say, the US, might still be paying Nigeria’s income taxes.

It is this exchange of information that Nigeria has entered into with other countries. And that is why this new tax information is needed, so that the government can trace them.

Doyin Olagunju

Join The Conversation

Bring a friend.

You'll like this

September 3, 2020

The ex-depot price of Premium Motor Spirit (PMS) or Petroleum is now N151.56 per litre. Of course, you won’t find this dark news on the PPMC’s website (except you go on the dark web, haha). But the Petroleum Pricing Marketing Company is the subsidiary of the NNPC empowered to “profitably and efficiently market refined petroleum […]

October 28, 2019

In case you missed it, Nigerians are now required to walk around with a valid means of identification to avoid being apprehended by the Nigerian military as suspects of kidnapping, banditry, armed robbery, ethnic militia, or any other criminal activity in the country. Apparently, this “Operation Positive Identification (OPI)” by the Nigerian military has been […]

Watch

Now on Zikoko

April 22, 2021

Puberty is a period of changes in an adolescent’s body. It can also be a very confusing period for them if they aren’t armed with the right information. From breaking voices to hair growing where it shouldn’t, I spoke to five Nigerian men about experiencing puberty. Ben Puberty didn’t take me by surprise because my […]

Recommended Quizzes

April 3, 2020

While the rest of the world loves to treat our continent like a country, there are actually 54 African countries. So, in a bid to test your knowledge (and educate you), we’ve created a quiz to see how many of their capitals you can correctly name. Go ahead:

March 24, 2020

While we know that a lot of the best Nigerian artists deservedly have fans across generations, that won’t stop us from attempting to guess how old you are based on your taste in Nigerian music. So, take this quiz to see if we got it right:

November 4, 2019

After successfully predicting when y’all are getting married (please, email any complaints to noneofourbusiness@nayousabi.com), we are back to tell you how much is currently in your account. How, you might ask? By using your taste in Nollywood, of course. Shhh. No questions. Just take it already:

October 30, 2019

2010 was a game-changing one for Nollywood, with our movies making serious cash and getting international acclaim. So, which of these hits released between 2010 and 2019 — from the pace-setting The Wedding Party to the divisive Trip To Jamaica — best suits your personality? Well, that’s what this quiz is here to answer:

June 14, 2020

Have you ever been with someone so horrible that you swore to never date again? Yes? Well, do you know that one or more of your exes probably feels the same way about you? You never thought about that, huh? Thankfully, this quiz is here to let you know just how much of a hassle […]

April 14, 2020

Every friend group consists of very different and specific characters — from the parent to the fun one — and it can be a little tough figuring out where you fall. So, we’ve created a quiz that lets you know exactly what kind of friend you are. Take to find out:

More from Citizen

April 2, 2021

Today’s subject on Abroad Life started her process to leave Nigeria for the USA for school in 2017 and didn’t leave until two months ago. She talks about how money, COVID and visa problems delayed her travel plans. She also talks about arriving in the USA in the middle of a polar vortex and having […]

March 22, 2021

Victor Emmanuel is a queer Nigerian YouTuber with simple demands: He wants the Nigerian Government to repeal the Same Sex Marriage Prohibition Act (SSMPA). On March 20, 2021, Victor published a video on Twitter, explaining the reason for his decision. He made it clear that he was going on a hunger strike until the SSMPA […]

Watch

Trending Videos

Zikoko Originals

December 14, 2020
What happens when a group of chatty young Nigerians talk about things they're passionate about? You get Nigerians talk. A show that discusses very familiar struggles for the average Nigerian. From relationship deal breakers to sex education with Nigerian parents to leaving Nigeria, be prepared for a ride.
November 2, 2020
'The Couch' is a Zikoko series featuring real life stories from anonymous people.
October 26, 2020
A collection of videos documenting some of the events of the EndSARS protests.
June 22, 2020
'The Couch' is a Zikoko series featuring real life stories from anonymous people.
June 22, 2020
Hacked is an interesting new series by Zikoko made up of fictional but hilarious chat conversations.
June 4, 2020
What happens when a group of chatty young Nigerians talk about things they're passionate about? You get Nigerians talk. A show that discusses very familiar struggles for the average Nigerian. From relationship deal breakers to sex education with Nigerian parents to leaving Nigeria, be prepared for a ride.
June 2, 2020
Quickie is a video series where everyone featured gets only one minute to rant, review or do absolutely anything.
May 14, 2020
Isolation Diary is a Zikoko series that showcases what isolation is like for one young Nigerian working from home due to the Coronavirus pandemic.
March 12, 2020
Life is already hard. Deciding where to eat and get the best lifestyle experiences, isn't something you should stress about. Let VRSUS do that for you.

Z! Stacks

Here's a rabbit hole of stories to lose yourself in:

Zikoko amplifies African youth culture by curating and creating smart and joyful content for young Africans and the world.
X