As provided by the law, the taxpayer’s identification number, TIN and the tax clearance certificate are very important documents needed for various reasons in Nigeria. Whether you are a civil servant or a business person, you need a taxpayer’s identification number because many transactions in Nigeria shall depend on the possession of a valid TIN.
Tax is a fee or a levy charged by the government on a product, sales, income or activity. Taxation is one of the avenues that government generates revenues to run her day-to-day activities. If you are doing business in Nigeria or intending to do business, you are expected to fulfil this necessary obligation of paying tax to the government.
Currently, there is an improvement in the Nigerian taxing system with the provision of taxpayer’s identification number which enable the taxpayers to be able to manage their account any where in the country. According to Joint Tax Board “Taxpayer Identification Number (TIN) is an initiative of the Joint Tax Board and it is basically an electronic system of tax registration, which would be unique to identify taxpayers for life”. How do you get this tax payer’s identification number, TIN. I will outline the step-by-step guide that will help you to do so.
Why you should get Taxpayer’s Identification Number?
Like I earlier said, the taxpayer’s identification number is needed for various reasons in Nigeria. These include:
- Bank transactions
- Government loans,
- Foreign exchange,
- Trade licenses,
- Registration of business name by the CAC,
- Registration of motor vehicles,
- Application of market stalls,
- Application of certificate of occupancy / plot of land,
- Award of contract,
- Import and export license,
- Stamping of guarantors’ form for passport application,
- Application for land / approval of building plans;
- Confirmation / election to public offices,
- Registration as contractor,
- Registration of a limited liability company/business name, and many other public transactions
How to Get Tax Identification Number, TIN in Nigeria
Getting a tax payer’s identification number in Nigeria is easy as there is no hassle in any form and it is free of charge. The step-by-step guide is as follows:
- Visit the tax office: make a visit to any of the tax offices closer to you and obtain relevant application forms.
- Go ahead to fill in the required information in the form
- Submit the duly completed form to the tax authority office with a valid proof of identity. You can go with any of these: drivers license, international passport, national identity card, utility bills or any similar documents.
- Biometric verification: at the point of submission, you will be required to provide your biometric information which is your passport and fingerprint capture.
- For corporate organizations only: you will be required to write a letter to the tax comptroller with your company’s letter headed paper. Submit this letter with photocopies of your company’s certificate.
- You are done: Upon verification of your detail, taxpayer’s identification number, TIN, will be issued to you.
The benefits of getting Tax Payer’s Identification Number
With a valid tax payer’s identification number, the taxpayers now have ease of access to information about his tax status anywhere around the world, thus, avoiding incidence of double or multiple taxation.
Taxpayer’s identification number, TIN is unique to each taxpayer in the country and may be quoted for all tax purposes nationwide. Concerning the enormous benefits, it is therefore in the interest of every Nigerian to go get their TIN today.
🤑 Start making money from home today!
👉 Get correct FREE TIPS and Guides on how to make money from home today. Click here to start
👍Showcase your business here!
With over 1M unique users per month across all channels, we have a large audience for you to showcase your products and services. Simply get in touch via 👉 marketing@Infoguidenigeria.com.
🤑 Make Money now!
👉 Make money writing for us. Apply for Freelance writing jobs in Nigeria.
👉 Make Money as InfoGuideNigeria Advertising Agents, read more here
This post can be helpful to somebody else, please share it on Facebook, Whatsapp, Telegram and Twitter. There are buttons below for this (easy to use too)!
Copyright Warning!Contents on this website may not be republished, reproduced, redistributed either in whole or in part without due permission or acknowledgment.
Proper acknowledgment includes, but not limited to (a) LINK BACK TO THE ARTICLE in the case of re-publication on online media, (b) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes,.
All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA).
We publish all contents with good intentions. If you own this content & believe your copyright was violated or infringed, please contact us at [firstname.lastname@example.org] to file a complaint and we will take necessary actions immediately.