TIN is the abbreviation for ‘Tax Identification Number’. TIN number is usually a unique code used by the Government to track individuals and businesses for tax purposes. Every legal business entity is expected to have a TIN and individuals are also not left out in some countries.
What is TIN Used For?
A TIN can be used for a lot of purposes and some legal institutions need them too before paying clients. This is to confirm that the individual or entity is fully registered under the Government and therefore pays their taxes when due. A TIN is always required when content creators on Facebook are setting up their payout accounts, and you can’t monetize your Facebook page or receive payments without providing a TIN.
Is TIN Same as NIN ?
NO! TIN is different from NIN. Many Nigerians had thought the TIN was same as NIN immediately Nigeria was enrolled for monetization on Facebook, but get this right: TIN stands for Tax Identification Number while NIN stands for National Identification Number. They are both used for different purposes.
How To Generate a TIN Number In Nigeria
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