The Taxpayers’ Identification Number (TIN) underway

Submitted by jomesili on Sun, 07/26/2009 - 18:26

The Taxpayer Identification Number (TIN) is an initiative of the Joint Tax Board and it is basically an electronic system of tax registration, which would be unique to identify taxpayer for life and would be available nationwide.

Background
Section 86 (9)(d) of the Personal Income Tax Act, cap P8, LFN 2007 and Section 8 (q) of the Federal Inland Revenue Service (FIRS) Establishment Act,2007 provides for FIRS and State Board of Internal Revenue (SBIR) to collaborate in issuance and administration of Taxpayer Identification Number (TIN) to all taxable persons (individuals and corporate).

These provisions were given effect by the constitution of the National TIN Implementation Steering Committee in July 2008 with FIRS, States BIR and other key stakeholders as members by JTB.