This post seeks to provide simple answer to questions like "what is tin", "where to register TIN?", and " What are the requirement for TIN registration".

WHAT IS TIN?

TIN, which is an acronym for Tax Identification Number,, is a unique identifier for an individual or a company for the specific purpose of tax remittance. And it is issued by Nigeria Revenue Authority. TIN is a prerequisite for importer and exporter (individual/ enterprise) that is willing to do international business. Profit making company requires TIN for the smooth running of such business while incorporated do not.

The importance of TIN includes but not limited to; Applying for trade licenses & Import and export licenses, obtaining a tax clearance certificate, accessing government loans, accessing Forex, including gaining access to Single trade Window portal.



WHERE TO REGISTER TIN?

For individuals or company, TIN can be applied for at FIRS Office.



WHAT ARE THE REQUIREMENTS FOR TIN REGISTRATION?