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My Company Just Got TIN When Should I Start Paying Tax? - Business - Nairaland

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My Company Just Got TIN When Should I Start Paying Tax? by pastorsmiling(m): 6:28pm On Aug 21, 2015
My company is fully registered now as a limited liability company. No bank accounts yet, no revenue yet so when should I start paying tax, how much and how do I calculate the tax as well. I've started operation gradually and I've put all necessary things in place.
I will appreciate all your contributions.
Thank you.
Re: My Company Just Got TIN When Should I Start Paying Tax? by joncom(m): 6:30pm On Aug 21, 2015
immediately
Re: My Company Just Got TIN When Should I Start Paying Tax? by Nobody: 6:40pm On Aug 21, 2015
pastorsmiling:
My company is fully registered now as a limited liability company. No bank accounts yet, no revenue yet so when should I start paying tax, how much and how do I calculate the tax as well. I've started operation gradually and I've put all necessary things in place.
I will appreciate all your contributions.
Thank you.


I am in same shoes with u.
However these are the steps to follow.
Take ur TIN to any bank of ur choice,
Open a current account.
If ur company is a school, hospital or related professional sectors, the bank will require approval from such bodies e.g ministry of health or education as the case maybe.
U dont have to pay any other tax for the index year because u have already paid at FIRS for u to have gotten ur TIN.
Subsequently, the FIRS will be the one to task u .

I havent gotten beyond this stage sha but this is the much I have gone

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Re: My Company Just Got TIN When Should I Start Paying Tax? by jaz(m): 1:30pm On Aug 22, 2015
seems tax questions have been popping up severally on nairaland these days. Back to your question, your company is expected to pay Company Income Tax and file tax returns based on its financial statements on or before 6months after its financial year end. However, as your company has not started operations it is still expected to pay Pre Operation Levy of ngn20k and also prepare statement of affairs and file nil tax returns.collection of TCC is also good. Feel free to drop any other tax queries.cheers

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