Are you a business owner in Nigeria? Do you know about Tax Identification Number (TIN)? Does your business have Tax Identification Number? If your answer to the above question is not a “yes”, then you have two things to do – you either get your TIN now, or you brace yourself up for a hard time with the government of Nigeria.
It is mandatory, not a matter of choice, for all businesses in Nigeria to register and have the Tax Identification Number as it is the number that the government uses to identify businesses that pay tax, especially during government’s business interventions.
Imagine you apply for a business grant and on the verge of being selected your business is found to not have the Tax Identification Number. It will be disastrous because it is not something you could just run to the roadside and get like a sachet water.
What is Tax Identification Number (TIN)?
The Tax Identification Number is a unique code or number assigned to every business and individual in Nigeria. It is the unique code by which business and individuals who pay their taxes are identified. The number given for identification can be likened to a bank account that houses the history of all transactions on your account.
Based on information from the Joint Tax Board Portal, persons are usually assigned with TIN on their BVN or NIN, which means that, to get your TIN, you must have your BVN and NIN ready. This same rule applies to MDAs, Trade Association, Cooperative Society, Limited Liability Companies, Incorporated Trustees, and Enterprises, etc.
TIN Application Form Filling Guidelines
- Ensure that all fields marked with star (*) sign a filled.
- You need to have an active email address and a phone number.
- Ensure that characters do not exceed the required 200 when filling in your information.
What are the Requirements for getting TIN in Nigeria
For A Company;
• Tin Application Form.
• Registered business name showing the business registration number (BN).
• Other necessary documents as may be requested.
What is the Cost of Obtaining the TIN?
Well, surprisingly interestingly, application for TIN is absolutely free. Applicants are not expected to pay a dime, which is why you shouldn’t wait until you are in distress for it before you look for how you can get it.
How to Apply for Tax Identification Number (TIN) online
Kindly note that a non-individual is regarded to be a Limited Liability Companies, Incorporated Trustees, Enterprises, Cooperative Society, MDAs, Trade Association, and so on.
Below is how to register for TIN (Tax Identification Number) online in Nigeria:
- Visit tin.jtb.gov.ng/TinRequestExternal
Fill the registration form
Click ‘Submit’ button.
Once your request is verified and approved.
The TIN Certificate will be sent to your registered email. It can take only a minimum of 48 hours to process.