How To Get Tax Identification Number (TIN) In Nigeria


How To Get Tax Identification Number (TIN) In Nigeria
The Taxpayer Identification Number (TIN) is a unique number allocated and issued to identify a person (individual or Company) as a duly registered taxpayer in Nigeria . The  TIN  can only be used by that taxpayer alone. Tax registration is a legal duty of every person who is required to pay tax in Nigeria.

WHO NEEDS A TIN AND WHY?
Since tax payment is compulsory levy imposed by the government, every company must have its own unique TIN. The law is that upon incorporation every company is to register for tax purposes, after registration, the company is given its TIN.

The FIRS requires the use of taxpayer-identification numbers when filing tax-related documents. These documents include tax returns, statements, and reports. Banks and other businesses use TIN numbers when doing business with other entities.

WHAT DO YOU NEED IT FOR?
Apart from TIN registration being mandatory, there are other things, which you need a TIN for. They include:
  1. Opening a corporate bank account
  2. Government loans,
  3. Foreign exchange,
  4. Application for trade licenses, Import and export licenses
  5. Registration of motor vehicles,
  6. Application for certificate of occupancy, etc.
A TIN is also required to get a tax clearance certificate for your business. It will serve as
evidence that you are paying your taxes as at when due.

HOW DO YOU APPLY?
There are two(2) ways to generate TIN for your business. The first way is to visit any FIRS office across the country and submit necessary documents, while the second way is to apply for TIN online. See below for details:

A) APPLICATION VIA FIRS OFFICE: 
To obtain a TIN for a business already incorporated at the Corporate Affairs Commission, you will need to go to the Federal Inland Revenue Service (FIRS) office closer to your registered address. You can find the locations on the FIRS website. You will go there with the following documents:
1. Memorandum & Articles of Association
2. Certificate of Incorporation: CAC2, CAC7
3. Company seal
4. Utility bill
5. Application letter on company letter headed paper
6. Duly completed TIN Application form You should take the original copy and 2 photocopies of each document. The originals are required for sighting only, 1 copy will be left with the FIRS, and 1 copy will be stamped and signed by a FIRS official as evidence that you have made an application.

If your business is a registered business name and not an incorporated company, you will have to apply for VAT registration before you can apply for TIN, the VAT number you are provided with will be your TIN registration number.

B) ONLINE APPLICATION FOR TIN: 
TIN can be generated online via Joint Tax Board(JTB) website. In order to apply for TIN online, visit the JTB website

HOW MUCH DOES IT COST?
Applying for your TIN is FREE if you do it yourself. You do not have to pay for it, and you don't need to employ someone to apply on your behalf. However, most people decide to engage the services of 3rd parties to assist them in obtaining it which will cost them some money.

HOW LONG DOES IT TAKE TO GET MY TIN?
Ordinarily, the TIN should be given instantly or at most by the next day, however, it appears that a number of the FIRS offices are struggling with backlogs, and so it is not uncommon for the process to drag on for about a week or in some instances 2 weeks.

HOW TO VERIFY EXISTING TIN
A Company that has registered for TIN before can verify its TIN on the FIRS website.

Finally, remember it is your civic responsibility to pay your tax. If you are doing business or intending to do business in Nigeria, it is expected of you to fulfill this necessary obligation and the first step in this is obtaining your TIN.

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