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How To Get Your Tax Identification Number in Nigeria

How To Get Your Tax Identification Number in Nigeria: This post will walk you through the process of applying for and obtaining a Tax Identification Number (TIN) in Nigeria in 2022. It is critical to know that every Nigerian citizen who owns a business or works in the corporate world, as well as in the country’s civil service, is needed to acquire a Tax Identification Number (TIN).

How To Get Your Tax Identification Number in Nigeria

The Tax Identification Number (TIN) is used to identify people and corporate entities in Nigeria who are genuine tax payers. To illustrate how critical the TIN is, you should know that the new financial bill in Nigeria, which took effect in February 2020, made it mandatory for business owners and corporate organizations, effectively making it a requirement for continuing to conduct business in the country as an individual or a company.

Going ahead, in order for you to successfully apply for and obtain your Tax Identification Number, there are certain guidelines to follow that have been established by Nigeria’s Joint Tax Board (JTB). These instructions are vital because they ensure that you receive your TIN without experiencing undue stress or falling prey to unscrupulous forces posing as government authorities in order to defraud you of your hard-earned money. At this point, it is critical to emphasize that obtaining a TIN in the country is completely free.

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The Joint Tax Board’s access to advanced, modern electronic systems that are networked with every State in the Federation enables you to receive your Tax Identification Number without worry and at no expense (very important). Multiple taxation on individuals and businesses by the Federal Inland Revenue Service (FIRS) has been significantly reduced under this approach.

HOW TO OBTAIN YOUR TAX IDENTIFICATION NUMBER (TIN) ONLINE

As is the case with a large number of online application processes in the country, obtaining your Tax Identification Number in 2022 will require you to complete an application form to authenticate your identification.

To obtain your TIN as a person, the Joint Tax Board website requires you to provide your Bank Verification Number (BVN). Individuals are assigned a TIN automatically based on their BVN or National Identification Number (NIN).

To apply for your TIN as a non-individual, such as a registered business, incorporated company, or other entity, follow the link to the TIN portal.

HOW TO COMPLETE THE TIN APPLICATION FORM

When you begin filling out the TIN online application form, please keep the following in mind:

Complete all sections marked with an asterisk (*) on the online application form. They are critical.
Please enter a valid e-mail address that will be used to communicate with you during the application process. This is also critical.
Additionally, you must supply a registered mobile phone number (11 digits).
When filling in your name and address lines, keep the total number of characters to no more than 200, including symbols and letters.

WHAT YOU WILL REQUIRE TO OBTAIN YOUR TAX ID NUMBER (TIN)

The requirements for obtaining a TIN in Nigeria are as follows.

FOR INDIVIDUALS

Individuals who have not registered their enterprises with the Corporate Affairs Commission (CAC) and wish to receive a Tax Identification Number (TIN) must complete the following:

  • Complete the online TIN application form.
  • Bring a legitimate form of identification that will be used to verify your identity at the tax office.
  • Identification in any of the following formats will suffice: International Passport of Nigeria, National Driver’s License, National Identity Card, or your Staff Identity Card.

FOR BUSINESSES:

If a corporation or a firm registered with the Corporate Affairs Commission (CAC) wishes to receive a TIN, the following requirements must be met:

  • Complete the online TIN application form.
  • Present your business name registration certificate (for Enterprises or Businesses) or certificate of incorporation (for Corporations), if applicable, together with the registration number.
  • Provide pertinent documentation indicating the date you began your business, the current address of the business, and the business’s primary location.

After meeting the requirements for obtaining a TIN at the tax office, whether as a person or a business, you will need to update the TIN you obtained from the tax office. This is accomplished by supplying the valid e-mail address and registered phone number you used to register for your TIN.

CONFIRMATION OF YOUR TAX ID NUMBER (TIN)

Your revised TIN will now be confirmed to guarantee that you can conduct business with it without encountering any complications.

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Occasionally, enrolling for TIN entails registering for Value Added Tax (VAT) and Company Income Tax as well. This is done once your corporation or business has been registered with the Corporate Affairs Commission for six months (CAC).

After registering your Tax Identification Number, you are required to file monthly VAT and tax returns (TIN). To ensure that you already have the number, you can check online using the TIN verification portal to determine if you already have one.

WHAT IS THE PURPOSE OF THE TAX IDENTIFICATION NUMBER?

You, as an individual or business/corporate body, want the TIN to demonstrate that you are a registered and verified tax payer in the country, as tax payment is mandatory and mandated by law in Nigeria.

After successfully completing the tax office’s registration process, you will be awarded a unique Tax Identification Number (TIN).

HOW MUCH DOES APPLICATION FOR TIN COST?

According to the Joint Tax Board’s website, applying for a TIN is completely free provided you do so on your own and have not suffered any tax penalties due to failing to obtain your TIN within the timeframe specified by law, whether as a person or a business. There are no expenses unless you want to use the services of reputable third parties to assist you in registering for and acquiring the TIN.

HOURS REQUIRED TO OBTAIN A TAX IDENTIFICATION NUMBER (TIN)?

Typically, it takes roughly 48 hours to obtain your TIN, or two days after you submit your TIN request. Requests for TINs can be made online at https://tin.jtb.gov.ng.

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