JimaeChinko:




What kind of skill?

Adiola:
Aisha shameless prostitute

deturla:
I have been receiving a lot of calls in recent times about how to apply for TIN in Nigeria. You will find in here all the detailed steps you need to know to apply for your tax identification number.

This is going to be a long read, but please take out time to read this since you NEED IT!

How to apply for TIN

Are you a Nigerian citizen working for a private organization or with the government. You own a business or you have the intention to start one? It is important that you know what a tax identification number is, and not only know but you also possess one.

A lot of small business owners believe that registrating their companies, business names with the CAC is all they need to be known as serious business men/women. However for an entity to be recognized in Nigeria, it goes way beyond registering with the CAC, but also registering for tax.

I have been receiving a lot of calls in recent times about how to apply for TIN in Nigeria. You will find in here all the detailed steps you need to know to apply for your tax identification number.

How to apply for TIN?

Are you a Nigerian citizen working for a private organization or with the government. You own a business or you have the intention to start one? It is important that you know what a tax identification number is, and not only know but you also possess one.

A lot of small business owners believe that registrating their companies, business names with the CAC is all they need to be known as serious business men/women. However for an entity to be recognized in Nigeria, it goes way beyond registering with the CAC, but also registering for tax.

I have your attention right? Let’s start with identifying what exactly is a taxpayer identification number (TIN).

What is a TIN?

The tax identification number (TIN) is a unique identifier for an individual or a company for the specific purpose of tax remittance. The TIN number is prepared by the tax office and issued to individuals or registered business / incorporated companies for proper identification and verification.

Why do I need a TIN?

As a business or individual, TIN is important because that is what shows that you are a registered tax payer in Nigeria, and as you know that tax payment is made compulsory, every company, business, individual must have their own unique tax identification number. After completion of registration with the tax office, the entity or individual is issued a TIN.

Remember that registration for tax is a legal obligation for everyone who is required by LAW to remit taxes in Nigeria.

If your company or business operates for profit and income is generated from Nigeria, then you are required by law to apply for TIN. Please note that incorporated trustees DO NOT require TIN! Take note of THIS!

Do I hear you ask again, why you need a TIN?

What else do I need a TIN for apart from tax identification?

There are other important things that a TIN can be used for apart from identifying a business or individual as a registered tax payer. These things are equally important as well:

1. Opening a of business account
2. Application for government loans
3. For foreign exchange and receipt of capital importation into the country
4. A TIN is necessary for licenses relating to trade, import and export
5. Registration of cars
6. Certificate of occupancy application
7. To obtain the Tax clearance certificate for individuals and companies which shows that you are a tax compliant business
8. To obtain tax incentives, tax waivers and certain tax allowances. Remember the recent pioneer incentive given to TSTV Africa?

How much will it cost me to apply for my TIN?

Applying for TIN is totally free IF YOU DO IT ON YOUR OWN and if you have not incurred any tax penalty based on the time-frame given according to the LAW to obtain your TIN, either as an individual or as a company. There are no fees to be paid unless you intend to employ third parties to assist you in registering and obtaining the TIN.

There could be a lot of bottlenecks in the back and forth involved in liaising with the tax authorities for the receipt of your TIN. It will be better to shift the responsibilities on a third party so you can focus on more strategic aspects of the business.

Application for TIN as a registered company

All registration statements have been made by the Joint tax board on registering for the TIN. If you are also the tech savvy business person, you can do all your TIN registration online by checking the FIRS service platform.

You need to know the various documents you would need to apply for TIN as a company already incorporated. Head over to the Federal Inland Revenue Service office closest to your company’s registered address in the list that is here, with certain documents.

For Registered business names

Also, if you are a registered business name and not an incorporated company. Then you need to apply for your TIN via the VAT registration, there was a recent unification by the FIRS office whereby your VAT number will double as your TIN registration number.

Also, in some situations, registration for TIN also comes simultaneously as registration for companies income tax and also value added tax as stated above. This can be possible if your incorporated business or company has been in operation within six months.

As soon as you receive your TIN, this should be displayed on all your official documents especially instruments of business/ financial transactions like your invoices. This is extremely key and important in the eventuality of a tax audit by any of the tax offices. The fact that the tax office now operates an integrated tax office now makes everything easy for tax payers.

How to apply for TIN: Individuals

Application for TIN as an individual

You have to head over to the nearest Inland Revenue Office along with the original and photocopies of your national recognized ID card like your driver’s license, permanent voters’ card, International passport etc.

You will also be required to complete and submit an application form.

PLEASE NOTE THAT THE TIN OF AN INDIVIDUAL IS DIFFERENT FROM THE TIN FOR A BUSINESS NAME OR A INCORPORATED COMPANY.

https://www.taxprof.com.ng/how-to-apply-for-tin-in-nigeria/


,

Newbiee:
Good for those asking what have changed in two years.

ECURITY & RELATED MATTERS

1. Release of 106 Chibok girls, as well as over 16,000 persons in Boko Haram captivity.
2. Tackling insurgency, decimation of Boko Haram in the North East.
3. Recovering 14 local governments and territories previously under Boko Haram control in the North East, rebuilding lives of citizens there; about one million displaced persons in the NE have returned to their communities in two years of this administration.
4. Curbing the incidence of kidnap across the country. (Arrest of kidnap kingpins and dismantling of kidnap cells across the country)
5. Restoring morale of the Nigerian military; re-organizing and better equipping the Nigerian Armed Forces.
6. Purchase of 12 Super-Tucano aircrafts worth $600 million to aid the Nigerian military’s current operations in the North East.
7. Ensuring continued peace in the Niger Delta through consistent funding of the FG amnesty programme for ex-militants.
8. Introduction of an improved mechanism for distribution of aid to IDPs in the North East through the establishment of the Special Intervention Programme of the Federal Government. (Door-to-door strategy)
ECONOMY
9. Implementing the National Economic Recovery and Growth Plan (ERGP) to aid economic recovery, taking the country out of her worst recession in 29 years, despite fall in oil prices.
10. N1.2 trillion expended on capital/infrastructure projects nationwide, a milestone in the nation’s history.
11. Effective implementation of the Treasury Single Account, and increasing government revenue by over N3 trillion as well as entrenching transparency and accountability.
12. Implementation of the Bank Verification Number (BVN), thus tackling corruption by plugging loopholes for siphoning of public fund and tracking of illicit funds through multiple accounts
13. Ease of doing business: the Federal Government signed into law two bills from the National Assembly (Acts are the Secured Transactions in Movable Assets Act, 2017 (otherwise known as Collateral Registry Act) and the Credit Reporting Act, 2017) which has facilitated access to more affordable credit for Nigerians, fast tracked budget submissions and promotes Made-in-Nigeria products.
14. Establishment of the Presidential Quarterly Business Forum to enhance interaction and private sector participation in the development of the economy.
15. Institutionalizing E-governance setting the foundation for the creation of a truly digital economy.
16. Creation of opportunities for youths to leverage innovation in technology through the introduction of the Aso Villa Demo Day (AVDD) through which over N700 million has been disbursed to young entrepreneurs.
17. The revitalization of the Made-in-Nigeria campaign. (Emphasis on consumption of local products gain grounds)
18. Implementing reforms in the civil service which has led to the elimination of over 30,000 ghost workers, thereby saving the country billions of naira monthly.
19. Massive investments in agriculture, e.g, Anchors Borrowers Programme to improve local produce, improving fertiliser distribution and access across states through the Presidential Fertilizer Initiative.
20. Reduction in rice imports as a result of government’s policies that has encouraged massive rice production across Nigeria.
21. Improving transport infrastructure (rail and road); construction work ongoing on the Lagos-Ibadan Expressway, renovation of Abuja International Airport runway, completion of Abuja – Kaduna Railway among others.
22. Social Investment Programmes (SIP): N-Power Volunteer Scheme creating jobs for over 200,000 (and still counting) unemployed graduates in all the 36 states and the FCT.
23. SIP: Ongoing Government Enterprise and Empowerment (GEEP) Scheme; commenced in November 2016 in collaboration with the Bank of Industry, where soft loans ranging from N10, 000 to N100, 000 have been given to over 189,000 market women and traders across different states.
24. SIP: Home Grown School Feeding Programme, where almost three million schoolchildren have been fed, while tens of thousands of cooks have been engaged in their respective states.
25. SIP: Conditional Cash Transfer (CCT) scheme, under which about 25,000 less privileged Nigerians so far are now being funded with the monthly N5,000 stipend in 9 pilot States (Bauchi, Borno, Cross Rivers, Ekiti, Kwara, Kogi, Niger, Osun and Oyo). More beneficiaries are expected to be added in more states.
26. The establishment of MSMEs Clinics, a small Business support programme to support entrepreneurs and small businesses in different states.
27. Establishment of One-Stop-Shops to support policies on Ease of Doing Business.
28. The take-off of the 2nd Niger Bridge.
29. Phasing out subsidy for petroleum products, elimination of fuel scarcity and queues in petrol stations.
30. Implementation of the FG Niger Delta new vision, a comprehensive road map to improve livelihood and social infrastructure.
31. Improved power generation nationwide adding $500million to Nigeria’s sovereign wealth fund and about $87million to its excess crude account.
32. The creation of the N30billion Solid Minerals Development Fund.
33. Encouraging the patronage of local contents and increasing export in agriculture.
34. Signing of Executive Order 001 which is the promotion of transparency and efficiency in the business environment - to ensure that public servants offer prompt service in a predictable and transparent manner, and sanction undue delays.
35. Signing of Executive Order 002 which is on prompt submission of annual budgetary estimates by all statutory and non-statutory agencies of the Federal Government including incorporated companies wholly owned by FG.
36. Bailout of cash crunch states; about N689 billion to 27 states of the federation to pay salaries in 2015.
37. Complete refund of Paris loan deductions to states (unprecedented).
38. Implementing the 2011 UNEP report for the ongoing Ogoni clean-up process after decades of oil spills and pollution.
39. Modification of the tax system so that it is more efficient.
40. Reforms in the airports (reconstruction of the Abuja airport runway and ongoing work at the Lagos airport).
41. Reforms at the nation’s seaports (Issues with cargo clearance at the ports addressed)
42. Improved duration (under 48 hours) for visa approval especially for investors.
43. Resuscitation of the nation’s refineries which are now working at 50 percent capacity for the first time in over a decade.
44. Eleven of the dead 33 fertilizer plants have been resuscitated while four others are to be revived shortly and this has profound impact on the ongoing revolution in the agricultural sector.
45. For the first time in more than 45 years, the Mambila Power Plant is set to take off with the allocation of $5.6billion for its realization and an expected 3,050 MW output upon completion.
46. Increasing external reserves to a 13 month high of $33 billion from $29.13 billion which has surpassed the ERGPs target of $30.56 billion despite global low oil prices and production challenges.
47. Cancellation of the Joint Venture cash calls with oil multinational companies operating in Nigeria (For the first time in the history of the industry) which has led to savings of billions of dollars lost to fictitious contract payments.
48. Release of N2 billion take off grant for the Maritime University as part of measures to address agitations in the Niger Delta region.
49. The new development bank of Nigeria (DBN) is finally taking off with initial funding of $1.3billion (provided by the World Bank, German Development Bank, African Development Bank, Agence Francaise De Development) to provide medium and long term loans to MSMEs.
ANTI – GRAFT WAR.
50. Improving Nigeria’s international image and regional cooperation with neighbouring countries in fighting insurgency.
51. Anti-corruption war: Prosecuting alleged corrupt public officers and recovering billions of naira of stolen public funds; the successful establishment of the whistle-blower policy.
52. Signing of Executive Order 004 – Voluntary Income Asset Declaration Scheme (VAIDS). This aims to increase tax awareness and compliance, and reduce incidence of tax evasion.
53. Signing of agreements with a number of nations to provide Automatic Exchange of Information.
54. Signing of the Extradition Treaty between Nigeria and United Arab Emirates (UAE) toward strengthening Nigeria’s anti-corruption campaign.
55. Establishment of PACAC – a think-tank that has provided leadership, direction and also built capacity of personnel in the fight against corruption.
OTHERS
56. Eradication of polio disease in the country.
57. The introduction of the One Primary Health Centre per ward programme of the Federal Government.

VastFinder:
Even the three-page list cost N1000. According to a Facebook user, a man from Anambra state was presented with the marriage list.

"The man's family are going crazy" he wrote.
[img]https://2.bp..com/-b3tm_9JgOxI/Wc5KBNlQtfI/AAAAAAANCHI/ruMh6pxh5zUhdozCMamr3wtTKeUW48W3gCLcBGAs/s1600/FB_IMG_1506687521486.jpg[/img][img]https://3.bp..com/-wT9atXYgOr0/Wc5KBeKrEtI/AAAAAAANCHQ/UeQf7VqvMqwRFHTAH8o1tmHks5zdAFnhACLcBGAs/s1600/FB_IMG_1506687524927.jpg[/img]

SOURCE: http://www.wobegist.com/2017/09/photos-check-out-list-of-items-on.html?m=1

Giant Stock Fish indeed.... No wonder Bachelors keep rising like Dollar to Naira!

kenonze:
Skodran Mustafi /Holding /Metersacker combination is scary.
I hope we won't be conceding more goals

Windflower:

You should flee from such woman,500k should be enough to have a nice wedding. You shouldn't spend all your savings on a wedding.
You would only remember your wedding day via pictures, thats all,even your guest would have forgotten your wedding day within a short period of time.
In addition,out of the remaining 300k use like 50k and stock up food in the house that will last for a long time
Save little in your account in case of emergency
Use the rest to reinvest in your business if you already have one,if ure still on a salary job,look for a business you can start with the rest.
Its better to have multiple source of income as a family man,anything can happen to that job or that business
You should always be prepared
Instead of buying a car,even if you have the money buy a land first,I know of someone who used his NYSC savings to acquire a piece of land,he was collecting 70,000 monthly after service and continued to live with his parent,within a space of three years he had finished building his house,now he is married.he did a low budget wedding.

NoToPile:


Sorry for the late reply, its 700k sir

RealityShot:

"What government has done is to provide a
special CBN window where that money can be
invested in federal treasury bills to get
interest to the government which is paid back
into the main TSA account of government,” he
explained.

FRAUD of the highest order!

Govt borrowing to itself to earn interest!!!
MADNESS!