How To Get Tax Identification Number (TIN)

Tax payment is compulsory for every business owner in Nigeria as well as employed Nigerian citizens. However, it is impossible to pay your tax or open a corporate bank account without your tax identification number

(TIN). So, in this article, we will take you through the process of how to get TIN in Nigeria either as an individual or a company.

Generally speaking, to get your TIN in Nigeria, all you need to do is:

    Visit the nearest FIRS office

    Request for the relevant documents or forms involved

    Fill the forms correctly

    Return the completely filled form to FIRS

    Present your valid ID card e.g International passport, National ID card, Voters Card or Drivers license

    Submit your passport and fingerprints

Nevertheless, we have broken down this process to answer the frequent questions people ask about tax identification number. Ensure you read till the end.

What is Tax Identification Number (TIN)?

Basically, TIN is a unique number given to an individual, a registered business or incorporated companies for the purpose of tax payment. Usually, the number is issued by the tax office for proper identifications and

order.

Why Should I get A TIN?

TIN is the prove you have to show that you are a registered tax payer in Nigeria. In addition to that, TIN helps you to avoid double taxation because your payment can be traced and verified.

Not only that, TIN is required for:

    Government loans

    Foreign exchange

    Tax clearance certificate

    Opening corporate account

    Application for certificate of occupancy

    Application for trade, import and export licenses

    Registration of Motor Vehicles

 

Source: Entrepreneur

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