Nigerian govt merges business, Tax ID registrations under CAC

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Nigerian govt merges business, Tax ID registration under CAC

Business owners who register their organisations with the Corporate Affairs Commission (CAC) would no longer need to approach the Federal Inland Revenue Service (FIRS) for a tax identification number.

In a statement on Monday, CAC said the processes of registering a business and getting a tax ID have been merged.

This means that certificates of incorporation issued by the CAC would now carry TINs.

“This is to inform our esteemed customers that as part of the ease of doing business initiative, certificates of incorporation of companies registered under part A of CAMA will henceforth carry tax identification numbers issued by the Federal Inland Revenue Service (FIRS),” the corporation said.

“This has dispensed with the need for companies to apply for the issuance of tax identification numbers from FIRS after incorporation.”



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