Here's Whats New on Tax Identification Number

By Oluchi Johnson-Achibiri | 1 min read
23rd July 2020
Here's Whats New on Tax Identification Number

As part of the Ease of Doing Business Initiatives, the Corporate Affairs Commission (CAC) has further simplified the process of registration of companies.

What this means is that, Certificates of Incorporation of companies registered under Part A of CAMA will henceforth bear the Tax Identification Numbers (TIN) issued by the Federal Inland Revenue Service (FIRS) to such companies. 

This has dispensed with the need for companies to apply for the issuance of Tax Identification Numbers from the FIRS after incorporation. This new directive has removed the cumbersome process that required companies to queue at the FIRS for their TIN after they have been incorporated by the CAC. It has synchronised the process of obtaining TIN for the purpose of company registration under one roof and it reduces pressures and time to go and start processing TIN with the FIRS.

For more information on this visit https://www.cac.gov.ng/tax-identification-number/

Oluchi Johnson-Achibiri
Oluchi Johnson-Achibiri has a background in Management Consulting and is passionate about lending her experience to help entrepreneurs start and scale their businesses.
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