The Corporate Affairs Commission has said certificates of incorporation of companies registered under Part A of CAMA will henceforth carry Tax Identification Numbers issued by the Federal Inland Revenue Service.
The commission disclosed its latest policy in a statement signed by its management on Monday.
CAC explained that it made the move as part of the Ease of Doing Business Initiative in the country.
The move by the commission means company owners will no longer need to apply for TIN after incorporation as the tax numbers will be issued alongside their Certificates of Incorporation of Companies.
“This is to inform our esteemed customer that as part of the Ease of Doing Business Initiative, Certificate of Incorporation of Companies registered under Part A of CAMA will henceforth carry Tax Identification Number issued from the Federal Inland Revenue Service.
“This has dispensed with the need for companies apply for the issuance of Tax Identification Numbers from the Federal Inland Revenue Service after incorporation,” it said.