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Ease of doing business: CAC, tax ID registration merged

Business owners who register with the Corporate Affairs Commission (CAC) would no longer need to approach the Federal Inland Revenue Service (FIRS) for a tax identification number, a statement by the CAC said on Monday.

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

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

The Muhammadu Buhari-led administration has been making efforts to improve Nigeria’s ease of doing business and set up the presidential enabling business environment council (PEBEC) to remove bottlenecks in the business environment and attract investments.

1 comment

Isah yakubu Abubakar July 1, 2020 at 10:20 pm

Thank you president Muhammad buhari for making efforts to improve Nigerias easy business

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