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Tax Registration In Nigeria


What is Tax Identification Number (TIN)?

The Taxpayer Identification Number (TIN) is a one of a kind number allotted and issued to distinguish a man (individual or Company) as an appropriately enrolled citizen in Nigeria. It is to be utilized by that citizen alone. Enlistment for assess objects is a lawful commitment of each individual who is required to pay charge in Nigeria.

After you probably enlisted and started your private company, you should have the comprehension of duty issues in Nigeria. The main thing is for you to visit impose office and apply for Tax Identification Number (TIN) and VAT enlistment. At Tax Office, you will get the VAT Registration Form (001) and the Taxpayer Registration Input Form. You are additionally anticipated that would apply for Income Tax enrollment and another for VAT Registration utilizing your organization’s letter headed paper. The application for Income Tax Registration will fundamentally give answers to the survey beneath:

Name of Company

Enlisted Office

Place of work

Exact Nature of Business

Date of Incorporation

Date the Company Commenced Business

Bookkeeping Date

Name and Address of Banker(s)

Particulars of Major Shareholders

Particulars of Directors

Name and Address of Auditors

Name and Address of Tax Representative

It is the data you give that the assessment expert will use to profile your organization for impose enrollment. The second application which will be on your organization’s letter head paper is for VAT Registration as say above. The applications ought to be properly marked by you or any approved organization’s enlistment.

Read Also: Withholding Tax in Nigeria (Administration and Rates)

As a major aspect of the documentation, you are required to present the accompanying report:

Two duplicates of Certificate of Incorporation. You are to bring the first to sight.

One duplicate of Certified True Copy of Memorandum and Articles of Association

One duplicate of Form CAC 2 (CO2) and CAC 7 (CO7)

In the event that your documentation is finished, you will then be issued Tax Identification Number (TIN). This can be finished quickly. Now and again, it might take few days relying upon a few factors, for example, the volume of use got, accessibility of energy supply and access to organize.

You are required to supply your Tax Identification Number (TIN) each time you have anything to do with the expense office. Duty Identification Number (TIN) is currently one of the prerequisites for opening business financial balance.

You will likewise be issued a lasting VAT enlistment number and this qualifies you to end up a VAT operator. Your Tax Identification Number (TIN) and VAT enrollment number must be shown on every one of your solicitations. If it’s not too much trouble take note of the Federal Inland Revenue Service now works Integrated Tax Office which implies that you can gather your Tax Identification Number (TIN) and VAT enlistment testament in a similar expense office.

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