Understanding TIN and VAT Registration in Nigeria – What Every Business Owner Should Know

Understanding TIN and VAT Registration in Nigeria – What Every Business Owner Should Know

October 10, 2025

Starting or growing a business in Nigeria comes with a few essential compliance steps and two of the most important are Tax Identification Number (TIN) and Value Added Tax (VAT) registration.

At 618 Bees, we simplify this process so business owners can stay focused on what truly matters which is building and scaling their ventures.

What Is a TIN?

A Tax Identification Number (TIN) is a unique number issued by the Federal Inland Revenue Service (FIRS) to identify taxpayers in Nigeria. It’s mandatory for all registered companies, enterprises, and even individuals engaged in business.

Without a TIN, you cannot:

  • Open a corporate bank account.
  • Apply for government licenses or contracts.
  • File taxes or make statutory payments

What Is VAT Registration?

Value Added Tax (VAT) is a consumption tax charged at 7.5% on most goods and services. Businesses with an annual turnover of ₦25 million and above must register for VAT and remit it monthly to the FIRS.

Even smaller businesses often register voluntarily to appear credible to clients, partners, and investors.

Our TIN & VAT Application Service

At 618 Bees, we make TIN and VAT registration fast, transparent, and seamless.

Our service covers:

  • Preparation and submission of all required documents.
  • Coordination with FIRS for verification and approval.
  • Post-registration guidance on tax compliance

We ensure your tax identity is properly set up, so you can operate confidently and avoid unnecessary penalties or delays.

Why Choose 618 Bees?

  • We believe in simplifying compliance with excellence, speed, and structure.
  • Our team ensures:  Quick turnaround
  • Real-time feedback.
  • Professional guidance every step of the way

Like the beehive that inspires us, we move with precision, teamwork, and purpose delivering results that help your business thrive.

Get Started Today

Whether you’re registering your business or expanding your operations, we’ll help you stay compliant from start to scale.

Email: info@618bees.com

Visit: www.618bees.com

Call/WhatsApp: +2349017190079

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Frequently Asked

  • Why must I file Annual Returns?

    It is a mandatory statutory requirement under the Companies and Allied Matters Act to file Annual Returns yearly. 
  • Do I need a Company Secretary?

    A limited liability company (LLC) must not have a company secretary.
  • What is an execution clause in a contract?

    This is the section in which the parties sign the contract or agreement.
  • What are the product categories available when registering with NAFDAC?

    The product categories include: Food, Cosmetics, Drug, Medical Device, Agro-Chemicals & Pesticide, Veterinary Products, Vaccines & Biologicals, Herbal and Nutraceuticals and Water
  • What is data protection?

    Data protection is a legal process of protecting sensitive data.
  • Does Trademark registration protect my website domain name?

    Yes, it does.
  • What will happen if I buy the wrong category of forms with NAFDAC?

    Nothing, the purchased form will be in your account for future use.

     
  • Why do i need a Shareholders Agreement?

    You need a Shareholders Agreement to protect your investment in a company.  The shareholders Agreement establishes a fair relationship between all shareholders and sets out how the company is run.
  • Will my trademark registration in Nigeria protect me worldwide?

    No, all intellectual property (IP) rights which includes trademarks are territorial, which means you are protected in the countries in which you register them.
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