There are three constants in life: Change, Death and Taxes. If you have been residing in Nigeria for at least 183 days within a 12-month period, then you are under legitimacy to obey the tax laws in Nigeria. In compliance with the Internal Revenue Service and the federal government, you will need to acquire a Tax Identification Number (TIN) for a seamless processing.
This article encompasses detailed information on how to get tax Identification number including an elucidation on the Lagos State Tax Identification Number, as the city, which is the commercial capital, generates 70 percent of Nigeria’s tax revenue and embodies some of the most stringent tax implementations in the country.
By the end of this article, you should have also been well educated on how to check TIN number as well as gained ample understanding of how to utilise the www.firs.gov.ng portal to find your nearest tax authority.
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What is Tax Identification Number?
The Tax Identification Number or Taxpayer Identification Number is a unique number comprising nine digits that is issued by the Federal Inland Revenue Service (FIRS) to individuals, businesses, or other entities to identify them as a registered taxpayer.
What Do You Need A TIN For?
The TIN is not issued as a mere as a mere tax payment document but is also a standard identification card. In countries like the USA, the TIN substitutes as a social security number. In Nigeria, the number is also a requirement to access various benefits or openings such as:
• Government loans
• Motor vehicle registration
• Foreign exchange
• Certificates of Incorporation
• Application for import licenses, export licenses and trade licenses
• Application for certificate of occupancy , etc.
How Much To Obtain A TIN?
Being a legal obligation of every working citizen, obtaining a tax identification number is without cost, if you apply on your own. However if you have incurred any tax penalty due to a delay in payment, you are mandated to pay a fee. Also if you intend to attain the assistance of a third party for registration and obtainment, charges will apply.
How to Obtain Your Tax Identification Number
Tax Identification Numbers are categorised into ones for individuals and those for non-individuals such as businesses, companies and other entities.
An individual is automatically assigned with a TIN following registration of their BVN (Bank Verification Number) or NIN (National Identity Number). To get a TIN as an individual, you need to have a NIN or BVN. To check if you already have an existing TIN, verify using this link.
Limited Liability Companies, Incorporated Trustees, Enterprises, Cooperative Society, MDAs or Trade Association compared to regular individuals would follow a more lengthy and comprehensive route which is accessible electronically and remotely.
To do this, visit the Joint Tax Board registration portal, then fill out the form.
You will be asked for pertinent details such as your:
• Organisation Type e.g Private Limited Company, Public Limited Company, Incorporated Trustee, Federal MDA, etc.
• Registration Number and Name
• Main trade name
• Sector e.g Mining, Agriculture, Transportation, Manufacturing, etc.
• Line Of Business
You are also required to fill in the director’s details like address and shares. Every field flagged with an asterisk (*) is mandatory.
After registration is completed your TIN will be eligible to use in any part of Nigeria, be it Lagos, Anambra, Kano, etc. This signifies that the Lagos State Tax Identification Number is the same as the official Tax Identification Number.
How Long Does It Take To Get My TIN?
Being an electronic registration, the TIN generation process is real time and you should have your number in less than 48 hours.
However, if you encounter any difficulties or need physical consultation and assistance from the tax authorities, visit the official tax locator site to find the nearest office in your region. All offices are open from 08:00 to 17:00 HRS.
In addition, the Joint Tax Board’s head office is however located at 12 Sokode Street, Wuse zone 5 Abuja F.C.T and is operational between 9AM to 5pm on every week day (Mon – Fri). They can also be contacted via call on 08039187289 or through the email address: email@example.com.
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