Perhaps you have registered your business with CAC. Now you want to open a cooperate account for your business. At the bank, the customer agents now request your TIN number. And you are wondering, which one is TIN again. How do I get TIN in Nigeria?
Don’t worry, this post is specifically made for you. We have explained everything you need to know about TIN
Note. If we register your business as a limited liability company, you no longer need the TIN application process. Your Ltd CAC certificate will come with TIN duly registered.
What is TIN
TIN stands for Taxpayer Identification Number. It is a unique tax number that identifies a specific individual (or business) for the purposes of paying taxes. Taxpaying is mandatory if you must operate a business in Nigeria
Where is TIN needed
In addition to opening a corporate bank account, a TIN number is also needed if you must do the following
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- Apply for Government loans,
- Request for Foreign exchange,
- Apply for trade licenses, Import and export licenses
- Register your vehicles,
- Apply for a certificate of occupancy, etc.
How to apply for TIN
We can assist you to apply and get your TIN in Nigeria, within few days. However, if you wish to apply on your own, go to any Federal Inland Revenue Services (FIRS) office closest to you with 2 photocopies and 1 original of each of these documents
- Memorandum & Articles of Association (for company owners only)
- Certificate of Incorporation CAC (for business/company owners only)
- A company seal (for company owners only)
- Utility bill
- Application letter on business/company letter headed paper
- Duly completed TIN Application form
At the FIRS office, your photocopy documents would be stamped to acknowledge their receipt. After the documents are processed, you can collect your TIN the same day or they will tell you the day to come back for it.
Why Is My JTB TIN Application Not Approved?
Despite completing the steps, many applicants experience long delays. Possible reasons include:
- Incomplete or Incorrect Documentation
Errors in the provided information or missing documents can stall the approval process. The JTB does not always notify applicants of these issues promptly. - System Glitches
Technical issues on the JTB portal often cause applications to get stuck, leaving applicants in limbo. - High Application Volume
With thousands of Nigerians applying daily, the JTB struggles to process applications quickly, resulting in backlogs. - Lack of Feedback
Even after calling or emailing the JTB for updates, applicants rarely get actionable responses. The lack of transparency exacerbates frustrations.This is where our service matters, we can assist you with your TIN application approval within 24 hours. We are just a chat away.
Cost
If you visit the FIRS office on your own as detailed above, then the cost is FREE. However, if you go through third party assistance, you will be charged some amount.
