ADVERTISEMENT
  • The Membership Club
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Wednesday, January 20, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Corporate Affairs Commission (CAC) Head Office

Corporate Affairs Commission (CAC) Head Office

Nigerian govt merges CAC, Tax ID registrations

byOladeinde Olawoyin
June 29, 2020
2 min read
ADVERTISEMENT

As part of measures to enhance the ease of doing business in the country, the Nigerian government has merged the processes of registering a business and getting tax identification numbers.

In a statement on Monday, the Corporate Affairs Commission (CAC) said business owners who register their organisations with the Corporate Affairs Commission (CAC) would no longer need to obtain the tax numbers at the Federal Inland Revenue Service (FIRS).

The statement said that certificates of incorporation issued by the CAC would now carry the numbers.

In a statement shared via its Twitter page, the CAC said that companies no longer need to seek issuance of tax numbers after incorporation.

“This is to inform our esteemed customers that as part of the ease of doing business initiative, certificates of incorporation of companies registered under part A of CAMA will henceforth carry tax identification numbers issued by the Federal Inland Revenue Service (FIRS),” the corporation said.

“This has dispensed with the need for companies to apply for the issuance of tax identification numbers from FIRS after incorporation.”

Ease of doing business

Last October, the World Bank listed Nigeria among the economies with the most notable improvement in the Ease of Doing Business.

In the World Bank Ease of Doing Business report 2020, the World Bank named Saudi Arabia, Jordan, Togo, Bahrain, Tajikistan, Pakistan, Kuwait, China, India and Nigeria.

READ ALSO: Court refuses to order Fowler to vacate office as FIRS chairman

Overall, Nigeria emerged 131 out of 190 countries, up 15 places from 146th position last year, or 56.9 per cent point score. The score was about 3.5 per cent better than 53.4 per cent point score recorded in 2019.

RelatedNews

COVID-19: Nigeria records 15 deaths, 1,301 new cases Tuesday

Police confirm release of abducted Adamawa traditional ruler

INVESTIGATION: Superstition, ill-equipped PHCs threaten Yellow fever vaccination in Enugu, Delta (1)

Girl jumps down two-storey building to evade punishment- NSCDC

The report said Nigeria conducted reforms impacting six key indicators, namely making the enforcement of contracts easier, protecting minority investors, dealing with construction permits, protecting minority investors, starting a business, dealing with construction permits.

In starting a business, the country ranked 105, or 86.2 per cent; dealing with construction permits (55), or 73.6 per cent; getting electricity (169), or 47.4 per cent; registering property (183), or 29.5 per cent; getting credit (15), or 85 per cent; protecting minority investors (28), or 72 per cent; paying taxes (159), or 53.7 per cent; trading across borders (179), or 29.2 per cent; enforcing contracts (73), or 61.5 per cent and resolving insolvency (148), or 30.6 per cent..

In 2018/19, these countries implemented one-fifth of all the reforms recorded worldwide.

Dangote adbanner 728x90_2 (1)

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...


JOIN THE CONVERSATION

  • Disqus (1)
premiumtimes



PT Mag Campaign AD

Previous Post

Nigerian govt. earmarks N600bn for agriculture financing scheme

Next Post

APC Crisis: Time for true reconciliation – Buni

Oladeinde Olawoyin

Oladeinde Olawoyin

Oladeinde Olawoyin reports Business & Economy, Development and Lagos Metro at PREMIUM TIMES. A First Class graduate of Mass Communication from the University of Ilorin, Ilorin, he was nominated in the journalism category of The Future Awards Africa in 2017. Aside maintaining a column titled ‘SATURDAY SATIRE’, he also writes art and culture pieces on weekends. Twitter: @Ola_deinde

More News

The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria November 9, 2016. REUTERS/Afolabi Sotunde

NSE: Nigeria market extends slide amid 29% drop in trade volume

January 19, 2021
NIN Registration: A crowd gathered outside NIMC office, Alausa, Lagos State. [PHOTO: TW @FS_Yusuf_]

NIN Registration: Nigeria subscribers submit 47.8m ID numbers ahead of deadline

January 19, 2021
Federal Internal Revenue Service (FIRS)

Nigeria’s FIRS raked in N4.9trn in tax revenue 2020 – Official

January 19, 2021
Cooking gas cylinders

Nigeria’s LPG consumption hits 1m metric tonnes — PPPRA

January 19, 2021
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria November 9, 2016. REUTERS/Afolabi Sotunde

Nigerian Govt raised ‘N2.36trn from capital market in 2020’

January 19, 2021
National Bureau of Statistics (NBS)

Benue, Ebonyi, Taraba paid highest for kerosene in December 2020- NBS

January 19, 2021
Next Post
APC FLag used to illustrate the story.

APC Crisis: Time for true reconciliation - Buni

Obafemi Awolowo University (OAU)

Nigerian govt lifts ban on interstate travel, approves school opening for final year students

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank


JAIZ Ad


NITDA Ad




Advertisement






netherland biz school Advert

Zenith Advert

Heritage Advert
ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps Address Nationwide
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.