Hey,

Is there a way to reach you? A phone number, maybe...

There is something i'd like to discuss.

Endeavour to respomd pls
Thanks

Hi,

Kudos for the lovely write-up.

Good to know it works for Nigerians too - the custom audience thingy, i mean

Also, how do you extract users' ids, emails and datas? What app do you use? Can you share, pls?

Thanks

oneblacboi: So many misconceptions on this thread! Let me clear the air as an experienced tax consultant that has helped hundreds of companies with this process and other tax related matters.

First of all, a TIN is FREE! To obtain a TIN you have to present your incorporation documents, a completed FIRS taxpayer input form stamped with your official stamp. Note however, as a result o FIRS' unstructured methods of operation, different tax offices may require slightly different documents which may include an application letter.

Secondly, some tax offices would only issue you TIN numbers when you register for VAT and Companies Income Tax hence some extra documents would be required.

Thirdly, according to the tax laws, you should register for VAT six months after commencement of your business otherwise, you would be liable to a penalty of N10,000 for the first month of default and N5,000 for subsequent months. However, a company might have been registered with CAC 20 years ago and might have not commenced business. In this case, the company is not liable to pay any penalty. The tax authorities on the other hand knowing how fraudulent taxpayers can be claiming not to have commenced business whereas they have operations running for years usually require that at least a N10,000 penalty is paid for any company register later that six months ago whether the business claims to have commenced business or not. Once again, this doesn't happen at all the FIRS offices. One FIRS office with this method is the YABA ITO on Murtala Mohammed Road.

Fourth, if for any reason, you are to pay a penalty, never pay cash to a officer rather, always pay through the bank where you would obtain an e-ticket for payment.

Finally, when you register with the tax office, there are certain things now required of you. One of the numerous requirements is monthly filing of VAT returns and other tax payments. For this reason i always advise people to engage the services of a tax consultant as tax is generally like babalawo things. it looks so simple until you get into it and realize there is much more than you bargained for.

I would be happy to answer further questions on this subject matter. However, before you ask a question, ensure you read the entire thread first.

Regards

Thanks @ oneblacboi.

So, in that case i should not have to pay the 10,000 late registration penalty since i'm yet to commence business operation.

The staff i met at FIRS Ilorin insists. How do i convince them to get me the TIN without paying?

I need it to open a corporate bank account.

Thanks

I registered a business name last year August and was at FIRS office to obtain TIN last week, i was told to pay #10,000 for late registration or something like that... Please isn't there a way around this?

I was at the FIRS office yesterday to obtain TIN for an enterprise/Business name registered last year August and I was told to pay #10,000 before they can issue the TIN...penalty for late registration or something like, they said

But ordinarily, TIN is free

@geniusauthor - pls can u share how you got the facebook coupon? I'd run an advertising campaign on facebook but i'm on a shoe-string budget.;;

Pls respond

Thanks

@geniusauthor - pls can u share how you got the facebook coupon? I'd run an advertising campaign on facebook but i'm on a shoe-string budget.;;

Pls respond
Thanks

@sarutobi : Very enlightening post. Considering that i'm about placing some facebook ads, you have given me a tutorial that could bring about result.

Thanks

Hello guys,
I have a blackberry curve 2, and the trackpad has started to jump and is make some little noise. What can i do? Does anybody know where to repair it? Tnx

Gd day, i'm interestd in d bb. Is it stil available? , and hope it has no faults? let me know asap. Tnx

cuszy:

bump, serious buyer only!!!!!!!!!!!!!!!!!!

Hello Talia,
I will appreciate if u can shed more light on how to fund my payoneer card, I have checked the card issuer's site and i've seen the options available, most of which dont apply here in Nigeria. Is there a way around it for Nigerians? Thanks in advance

hi,
i'm interestd in d curve 3, buh got a few questions, i wil apprc8 reply:
1. What is the condition of d phone? As in how good and how gud-lukin, Is it brand new or fairly used?
2. Is d battery gud
3. What accessories does it av
4. How much? last price - cos a frnd of mine got a gud fairly usd curve 3 for 28k,
Thanks, and waiting

Hey,
Pls, i have a starcomms modem, is it possible to unlock it to be able to use gsm networks - MTN, GLO, AIRTEL? If it is possible, How
Thanks in advance,, waiting,

It is amazing how businesses die in this part of the world because aspiring entrepreneurs cannot access required finance. As an entrepreneur, the most daunting challenge is always lack of fund especially for people just starting out.

I remember years back 2002 to be precise; i walked and visited almost all the banks and other financial institutions in Nigeria looking for just N30, 00 to start a business.
The business idea just popped into my head and to me it will be stupid for any bank not to give me that amount. Many of my friends and relatives that I shared the business idea with were excited but lacked the finance to help.

I was a newcomer myself at one time and I know the hurdles one has to cross to make it to the big scene. However, I also know that anyone – I repeat, ANYONE is capable of turning his or her business dream into reality.
I have seen the dumbest of people with not too brilliant ideas make good money with their business. If they can do it, anyone can.


ideas raelly rule the world. That is what i discovered after a long search that it is not really money constraints but ideas.

There are businesses that cost little or no money to start up.

Anyone who has an idea can share them here.

I willcaome and post cos i have like 5oo of those.
thanks

Great stufs although i have not utilised any but it seems to me a good place for all small and mediumscaleinvestors.

You can also get some help from me if you email me on: businesscoach247@gmail.com

HI EVERYONE,
WHAT IF YOU COULD HAVE A GUIDE THAT WILL TAKE YOU BY THE HAND AS YOU START YOUR NEW BUSINESS

WELL, THAT BIT IS ALREADY DONE FOR YOU at businesscoach247@gmail.com AND IT IS COMPREHENSIVE AS IT COVERS EVERYTHING FROM >

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WHAT MORE CAN I TELL YOU.
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Hope you find it useful

Tayour

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