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CAC To Issue Incorporation Certificates With Tax Numbers - Business - Nairaland

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CAC To Issue Incorporation Certificates With Tax Numbers by Abelicious: 8:05am On Jun 30, 2020
Okechukwu Nnodim , Abuja

Certificates of incorporation of companies registered under Part A of the Companies and Allied Matters Act will now be issued with Tax Identification Numbers.
According to the Corporate Affairs Commission, the registration certificates of business and non - business entities captured in the Act will henceforth be issued with TIN .
The management of CAC disclosed this in separate tweets via the commission’ s official Twitter handle on Monday .
It explained that the move was part of measures aimed at boosting the country ’ s Ease of Doing Business initiative .
The commission said , “ This is to inform our dear esteemed customers that as part of the Ease of Doing Business initiative , Certificates of Incorporation of Companies registered under Part A of CAMA will henceforth carry Tax Identification Numbers issued by the Federal Inland Revenue Service . ”
Based on this, customers of the agency will have no need of applying separately for tax numbers from the FIRS .
“This has dispensed the need for companies to apply for the issuance of Tax Identification Numbers from the FIRS after incorporation ,” the commission stated .
This implies that the processes of registering a business and getting a TIN have been merged , as CAC certificates will now have TINs.
The Federal Government , through its Presidential Enabling Business Environmental Council , has been working to remove the bottlenecks in Nigeria ’ s business environment .
The aim is to attract both foreign and local investments by improving the country ’s ease of doing business .

https://punchng.com/cac-to-issue-incorporation-certificates-with-tax-numbers/
Re: CAC To Issue Incorporation Certificates With Tax Numbers by Nobody: 8:13am On Jun 30, 2020
common sense ... glad they woke up from sleeping on a bicycle
Re: CAC To Issue Incorporation Certificates With Tax Numbers by chatinent: 8:16am On Jun 30, 2020
They should have done this long ago.
Re: CAC To Issue Incorporation Certificates With Tax Numbers by mrsage(m): 8:23am On Jun 30, 2020
Good idea

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