Help how do I get TTC for business name company? Any help pls. Can I get this in LSIR office, how long will it take

Hello@cmoney22222,

Before you get TCC your business/company must have commenced business for one financial year.
your said company mush first have remitted all necessary statutory levies to tax authority such as
VAT,Edu Tax,company income tax etc.
You will need to prepare a financial statement for that year so as to ascertain these tax figures.
If you business is yet to commence then you need prepare a statement of affairs. Take these documents
to FIRS,the one closest to your business office then apply for your TCC and it will be ready in 1 week.

Pashim:
Hello@cmoney22222,

Before you get TCC your business/company must have commenced business for one financial year.
your said company mush first have remitted all necessary statutory levies to tax authority such as
VAT,Edu Tax,company income tax etc.
You will need to prepare a financial statement for that year so as to ascertain these tax figures.
If you business is yet to commence then you need prepare a statement of affairs. Take these documents
to FIRS,the one closest to your business office then apply for your TCC and it will be ready in 1 week.

Thanks boss. Got you

did one back for a petroleum company last year, i presume the you have not commenced operations, u need to register for VAT and Company income tax, get a statement of affairs from a chartered accountant and start the processing, from my experience it took 2 weeks to get the TCC, had to stay close to the official there( this is nigeria u know how it goes )

cmoney22222:
Help how do I get TTC for business name company? Any help pls. Can I get this in LSIR office, how long will it take

Business Names are under the tax administration of the state revenue service(SBIR), they only issue TCC's for individuals/proprietors/employees. It's the FIRS that deals with corporate TCCs (for ltd, PLC and other forms of incorporated entities).
The LIRS will only issue d TCCs in the name of the proprietor/partners of the entity and not in the name of an unincorporated entity, a partnerships or sole proprietors.
Check http://www.lirs.gov.ng/faqs/faqs-on-etcc/ for more information. U can also quote my post if you have other tax issues you want clarification on

Atk1nson:

Business Names are under the tax administration of the state revenue service(SBIR), they only issue TCC's for individuals/proprietors/employees. It's the FIRS that deals with corporate TCCs (for ltd, PLC and other forms of incorporated entities).
The LIRS will only issue d TCCs in the name of the proprietor/partners of the entity and not in the name of an unincorporated entity, a partnerships or sole proprietors.
Check http://www.lirs.gov.ng/faqs/faqs-on-etcc/ for more information. U can also quote my post if you have other tax issues you want clarification on

Thank you sir, fully understood

i intend registering a biz name soon, pls can u educate me on the importance of a tcc to my Business

nyabingi:
i intend registering a biz name soon, pls can u educate me on the importance of a tcc to my Business

without a current TCC, u may not be able to do business with most government and quasi-governmental institutions e.g bidding for contracts, applying for grants, loans from government. also if ur business runs into 'issues' with the state, presentation of latest TCC is usually requested for before d issue can be resolved.

Furthermore, if u don't start obtaining ur tcc after ur first tax year or soon after that, obtaining it subsequently would be much more difficult, because the tax authorities will naturally assume that ur failure to obtain it in d past was as a result of not discharging ur tax liabilities in full