Registering with the tax authority.
WHAT IT IS
A unique number identifying a taxpayer.
WHO NEEDS ONE
Companies Business names Individuals in various circumstances
WHY IT MATTERS
It is required for bank accounts, government contracts, import and export, and most formal transactions.
WHERE IT COMES FROM
The Federal Inland Revenue Service, for companies, with state authorities involved for individuals.
WHAT HAPPENS AT COMPANY REGISTRATION
Registration systems have increasingly issued tax numbers automatically on incorporation.
WHY THAT MATTERS
Many companies already have one without realising.
WHAT TO DO FIRST
Check whether you have one.
HOW
The tax authority's verification facility, using the registration number.
WHAT IS TYPICALLY REQUIRED IF YOU MUST APPLY
The certificate of registration The status report or particulars Identification for directors A business address Contact details
WHAT TO DO AFTER OBTAINING IT
Register for the specific taxes that apply Establish your filing obligations
WHAT COMMONLY APPLIES TO A COMPANY
Companies income tax Value added tax, where registration thresholds are met Withholding tax obligations Employee tax obligations, where you employ people
WHAT TO ESTABLISH
Which apply to you.
WHAT TO VERIFY
Current requirements, directly.
