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 are the terms of a contract?
    • an offer and an acceptance.
    • competent parties
    • Consideration
    • Legal subject matter
    • Mutual agreement/ Assent
    • Conesus ad idem
    • Obligation
  • What are the benefits of Registering with SON?
    1. Product traceability in the Nigerian market
    2. Detection of counterfeit products
    3. Barriers to the circulation of substandard goods
    4. The official SON Product Registration Logo and number are displayed on registered products.
  • Is it legal to transfer the personal data you obtained legally to another person?

    No, its not legal. This is because the law prohibits anyone from transferring the data of a third party to another person without consent from the third party to do same even if the data was rightfully obtained in the first instance.
  • How long does the registration of an industrial design last?

    It is effective for an initial period of 5 years from the date of the application for registration and renewable for two consecutive periods of 5 years
  • Do I have to physically drop off my product sample at NAFDAC office?

    No, you can choose to have it sent to NAFDAC office
  • What’s the difference between a business name and an LLC?

    • A business name is a sole proprietorship, usually owned and managed by one individual only. Legally, the sole proprietor and his business are one. It simply means an individual trading with an alias. The sole proprietor is personally liable for all business related obligations.

    • A limited liability company on the other hand is a separate business entity from the individuals that hold its shares and act as directors. Legally, it’s a separate business entity and a person on its own who can transact business, own property separate from its owners and can sue or be sued. 
  • What is a trademark?

    A trademark can be any word, sign, symbol or graphic that you apply to your company, goods or services to distinguish them from those of your competitors; for example, a brand, product or company name, or logo. The trademark serves as a badge of origin for your business and its brands and products, and can consist of words, logos, slogans, colours and shapes, or a combination of all of these.
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