To develop strategies to enable FIRS and SBIR to issue Taxpayer Identification Numbers to all taxable persons in the country;
To develop a basis for receiving third party data to facilitate the issuance of the TIN;
It will reduce multiple or double taxation;
It will improve the ability of tax authorities to share information and thereby improve taxpayers assessment;
It will widen and deepen the taxbase;
It will provide information for planning, budgeting and statistics
TIN will strengthen the capabilities of the various tax authorities (Federal and State) in the areas of collection, compliance and enforcement.;
TIN will provide a platform for demonstrating the citizen centric philosophy and implementing citizen relationship management solution especially through the use of Contact Management Centre (CMC);
It would be used for Person Identity Verification;