tax
Taxpayer Identification Number
Section 50 requires every taxable person to register for a TIN first. You need this for all tax matters.
FIRS Act
Understanding the requirements and process for filing tax returns and paying taxes as a business or self-employed person.
Section 50 requires every taxable person to register for a TIN first. You need this for all tax matters.
Section 26 allows self-assessment: complete the form, calculate tax due, and submit with proof of payment.
Section 8 says FIRS issues guidelines on registration, filing, and payment procedures. Follow their published guidelines.
Section 41 requires keeping records for 6 years. Maintain proper books of account to support your returns.
Section 51 explains TCC requirements - you may need a Tax Clearance Certificate for contracts and licenses.