23/09/2019
Pay your taxes before it is too late: -- A Very very important Note!
As you are opening a business name, FIRS will send you a mail that you already have a TIN, if you don't act fast, they would go ahead and open one for you in a MTSO (tax station) that may be far from. So you don't have a choice, you must pay one tax or the other. And if you don't pay as at when due, there is penalties and one even forfeit his property at some point. I encourage those who has not started paying to start paying personal income tax to state inland revenue (start by obtaining a Tax id), VAT to FIRS (start by getting a TIN) employee's tax to state inland revenue and file your business name annual returns between Jan to June every year and for limited liability companies, July to December every year.
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