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Headline : CAC denies claims of charging companies for Tax IDs

Read more from the original article on here at nairametrics.com.





Tags : #cac #denies #claims #charging #companies #tax #ids


No. of Paragraph 22

The Corporate Affairs Commission (CAC) has debunked reports that its agency is demanding companies to pay for their Tax Identification Number (TIN) in the country.

In a circular signed by the management on Friday, the commission said it noticed flood of emails that did not emanate from them targeting directors of newly incorporated companies with requests for payment to acquire tax IDs.

Accordingly, CAC said that Tax IDs are free according to the stipulations of Federal Inland Revenue Service (FIRS), adding that companies can electronically generate the ID upon registration.

Furthermore, the agency said  that the official list of services and associated fees can be found exclusively on their website at www.cac.gov.ng.

Read more from the original article on here at nairametrics.com.


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