@stephaniemotaayala: Yuca Frita para ese antojo Rico y fácil en casa #momlife #FoodTok #CocinaCasera #ComidaLatina #cookwithme

stephaniemotaayala
stephaniemotaayala
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Saturday 02 May 2026 12:35:45 GMT
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Omo, I just learned something scary about the 2026 tax laws. If you own a business name or use your account for business, you need to see this.. Taxpayer Identification Number TIN = Your tax ID in Nigeria. Like BVN for banks, but for tax.  As of 1 Jan 2026 under the new _Nigeria Tax Act 2025_, TIN is compulsory for everyone earning income – including artists, freelancers, side hustlers. WHAT TIN IS USED FOR? WHO YOU ARE	WHY YOU NEED TIN? 1) Musician/Artist: Get paid by labels, distributors, brands. Spotify/DistroKid ask for it for royalties. Avoid 10% WHT deduction 2) Business owner:	Open business bank account, register with CAC, file VAT, bid for contracts. 3)Salary earner	Employer remits PAYE under your TIN. Needed for tax clearance certificate 4) Landlord/freelancer: File PIT if you earn > ₦800k/year under 2026 law. 2026 Update: NRS will match your bank BVN to TIN. No TIN = banks may restrict account. No hiding. TYPES OF TIN 1. Individual TIN: For you as a person. Starts with
Omo, I just learned something scary about the 2026 tax laws. If you own a business name or use your account for business, you need to see this.. Taxpayer Identification Number TIN = Your tax ID in Nigeria. Like BVN for banks, but for tax. As of 1 Jan 2026 under the new _Nigeria Tax Act 2025_, TIN is compulsory for everyone earning income – including artists, freelancers, side hustlers. WHAT TIN IS USED FOR? WHO YOU ARE WHY YOU NEED TIN? 1) Musician/Artist: Get paid by labels, distributors, brands. Spotify/DistroKid ask for it for royalties. Avoid 10% WHT deduction 2) Business owner: Open business bank account, register with CAC, file VAT, bid for contracts. 3)Salary earner Employer remits PAYE under your TIN. Needed for tax clearance certificate 4) Landlord/freelancer: File PIT if you earn > ₦800k/year under 2026 law. 2026 Update: NRS will match your bank BVN to TIN. No TIN = banks may restrict account. No hiding. TYPES OF TIN 1. Individual TIN: For you as a person. Starts with "IND". Covers your music income, salary, rent, etc 2. Business TIN: For registered company/business name. Starts with "COY". Used for CIT, VAT 3. Non-Resident TIN: If you’re abroad but earn Nigeria income 3. How to Get TIN – Step by Step 2026 Process *Option A: Online via TaxPro-Max – Fastest* 1. Go to: https://taxpromax.firs.gov.ng 2. Click: “Register” → “Individual TIN Request” 3. Fill form: Name, DOB, phone, email, address, BVN, NIN 4. Upload: NIN slip OR voter’s card OR driver’s license + passport photo + utility bill 5. Submit: TIN generated instantly if BVN/NIN matches. If not, 24-72hrs review 6. Check email/SMS: You’ll get TIN + TaxPro-Max login details Option B: Walk into NRS Office 1. Visit: Nearest Nigeria Revenue Service office. Old FIRS offices 2. Bring: NIN slip, 1 passport photo, utility bill, filled TIN form. Form is free at office 3. Biometrics: They capture photo/fingerprint 4. Collect: TIN slip same day if network is good Option C: Via CAC Registration If you register business name/company with CAC, you get TIN automatically in 24hrs. Check http://cac.gov.ng dashboard 4. Documents Needed 1. NIN – Mandatory from 2026. No NIN, no TIN 2. BVN – For identity match 3. Passport photo – White background 4. Utility bill – PHCN/water/lawma bill for address proof. Use your name or parent’s + intro letter 5. Phone + Email – TIN will be sent there. #taxpayeridentificationnumber #tin #taxlaw2026 #financialanalyst OSDNQ

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