₦airaland Forum

Ahmed0336:
I don do my own since last 3 weeks say my plastic id never ready. Make dem no chose d path of National ID o cos dat one na since 2013 and my plastic id never ready

jcflex:
FIRS no dey try, we should be able to register for TIN online without physical appearance at their office.

And this same FG is talking and promoting easy of doing business.

daewoorazer:
[color=#995500]How do u expect me to pay tax in a country where basic social amenities is ZERO, and also largely controlled by a den of thieves year in year out.

power is fvcked..except if you are in the FCT

Local TV stations has nothing to offer than steady funeral adverts of century-dead corpses esp B.C.OS here in Oyo State, NTA too

No portable water supply for citizens

Road network is a trap/coffin in almost all parts of the country

Most especially, we graduates wey no get job but hustle start bizness without government loan oooo, you still expect us to pay tax? So you Hyenas can embezzle?


It still infuriates me hitherto, how tax payers money gets spent on health issues, park for jet with no accountability sort of
[/color]

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/


,

haibe:
As an individual do you need to have a TIN? I thought since individuals are taxed by the State IRS, then their payer ID represents their TIN.. Kindly clarify. Thanks.

Virtualaccounts:
Hi,

What kind of business did you register. You'll be required to have a board resolution for dissolution and some fees are payable to CAC with your final audited accounts. For FIRS, you'll be required to do a tax computation on cessation basis and file your financial reports (prepared on breakup basis).

You will need a professional to help you handle this and guess who Virtualaccountant.ng .

Virtualaccountant.ng helps SMEs comply with tax and other regulatory compliances. We are good like that

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/


,

franchuks:
Nice write up....
Please I want to know if VAT No. can be used as TIN number. Kindly help to explicitly differentiate them. Thanks and cheers.

dotcomnamename:
I have family joint company Ltd that we registered in 2008, i did not open cooperate account for it because the company was not in operation at all till date. We have decided to start working on the company to be in operation. Do i still need to pay Tax from the 2008 till 2017 as per the years the company was not in operation? I have all the documents, including CAC cert, memorandum e.t.c. they are all intact.

Amacaco:
@deturla:I handled my matter personally at the FIRS office at Abakaliki. All payments were made inside their office at Abakaliki. Infact you will be asked to pay into a bank account they will give you. If you don't want the stress of going to the bank, then you bring cash and get a receipt later.

Virtualaccounts:
Yes, as a good citizen of Nigeria, you ought to register yourself with the taxman and remit on a monthly/annual basis. You can get a tax clearance certificate/card at the end of the year and you can be saved from a lot of hustles like lastma, visa application, finance for expansion etc.

We will advise you to register today to do the needful.

Virtualaccountant.ng helps SMEs comply with tax and other regulatory compliances. Did I mention that we are ridiculously affordable!!!

jaxxy:
I hv a tax clearance card/certificate bt not sure if i hv a Tin. Is dat possible. It was issued by Lirs. Pls clarify this for me.

Virtualaccounts:
100% possible. TIN is issued by FIRS. Tax clearance is issued by State for sole proprietorship business and FIRS for limited companies.

I must state that it's not common (I cannot use impossible because we are in Nigeria ) for FIRS to issue tax clearance without a TIN.

www.virtualaccountant.ng

jaxxy:
Ok thx bt how can i know if i hv a tin or not cos this was issued by a former company i worked with so it was done for me by the coy.

deturla:
Since you have not commenced business, No, you won't be required to pay taxes.

But note that your registration may trigger other statutory registration like VAT etc.

According to the law failure to register for VAT or tax generation after incorporation triggers a POL of N20,000 and certain penalties as determined by the tax law.

Either ways, I'd advise that you go to a tax consultant closest to you for tax advise straight away.

Do not GO to the TAX OFFICE on your own.

@virtualaccountantng, are you here?

deturla:
Since you have not commenced business, No, you won't be required to pay taxes.

But note that your registration may trigger other statutory registration like VAT etc.

According to the law failure to register for VAT or tax generation after incorporation triggers a POL of N20,000 and certain penalties as determined by the tax law.

Either ways, I'd advise that you go to a tax consultant closest to you for tax advise straight away.

Do not GO to the TAX OFFICE on your own.

@virtualaccountantng, are you here?

dotcomnamename:
Thanks. However, how will Nigerians in diaspora apply and get their TIN for their companies/businesses registered in Nigeria? Nawa O!

dotcomnamename:
I have family joint company Ltd that we registered in 2008, i did not open cooperate account for it because the company was not in operation at all till date. We have decided to start working on the company to be in operation. Do i still need to pay Tax from the 2008 till 2017 as per the years the company was not in operation? I have all the documents, including CAC cert, memorandum e.t.c. they are all intact.

sparkle4u:
No, you will pay a pre-operational expense/fee or Pre-operational Levy(POL) and certain penalties which is determined by tax official.
Affordable professional accounting services for your small business, start up and project. Bookkeeping, Accounting, Tax compliance.

daewoorazer:
[color=#995500]How do u expect me to pay tax in a country where basic social amenities is ZERO, and also largely controlled by a den of thieves year in year out.

power is fvcked..except if you are in the FCT

Local TV stations has nothing to offer than steady funeral adverts of century-dead corpses esp B.C.OS here in Oyo State, NTA too

No portable water supply for citizens

Road network is a trap/coffin in almost all parts of the country

Most especially, we graduates wey no get job but hustle start bizness without government loan oooo, you still expect us to pay tax? So you Hyenas can embezzle?


It still infuriates me hitherto, how tax payers money gets spent on health issues, park for jet with no accountability sort of
[/color]