What exactly is a Tax Clearance Certificate and why do Companies need it? Perhaps, you are asking. Well, the idea behind this write-up is to show you a practical approach by which you can obtain a Tax Clearance Certificate for your company provided you are transacting business in Nigeria

First, a description of Tax Clearance Certificate

A Tax Clearance Certificate (TCC) as it is popularly called, is a written evidence from the Federal Inland Revenue Service (F.I.R.S) acknowledging that a company’s tax affairs at a particular point in time is up-to-date as at the time of issuance of the Certificate.

It is the responsibility of the F.I.R.S to issue Tax Clearance Certificate after ascertaining that the company’s tax liability (amount owed the Federal Government) has been fully paid and there's nothing outstanding. Where this is established, the TCC should be ready for pick up in four weeks max.

(Sidenote: This information is for educational purposes only)

If you're interested in owning one, please, talk to your.......................

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