Business

Certificates of Incorporation to be issued with tax numbers- CAC

The Corporate Affairs Commission has revealed that henceforth certificates of registration of business and non-business entities will be issued with Tax Identification Numbers.

In a statement issued on Monday by the Corporate Affairs Commission, it stated that the development conformed with the Ease of Doing Business Initiative being promoted by the Federal Government.

The CAC disclosed that customers won’t need to apply separately for tax numbers from the Federal Inland Revenue Service.

The statement reads, “This is to inform our dear 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.

“This has dispensed the need for companies to apply for the issuance of Tax Identification Numbers from the FIRS after incorporation”,the CAC added.

About the author

Joseph Chukwuma Oputa

Joseph Chukwuma Oputa is the Managing Editor of Maslow Businessnews and Physicians News publications published by Maslow Business News Publications, Lagos, Nigeria.

Joseph Oputa is a proud Alumnus of the prestigious Nigerian Institute of Journalism, Lagos and Federal Polytechnic, Bida, Niger State.

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