The economic system of Nigeria being a blend of Government and private participation calls for a synergy between both partners in progress to formulate a course of action that will ensure the best-qualified contractors, firms and companies in line with the Public Procurement Act (PPA) 2007 secure the right or license to implement Government projects that best suits public interest.
On the strength of the above premise, below are the eligibility requirements prospective bidders are obligate to present for a successful bid.
Firstly, before an entity can be classified as a company capable of processing a PENCOM, ITF, and NSITF Compliance certificate for the purpose of a tender/expression of interest, such a body is expected to have been appropriately registered with the Corporate Affairs Commission and a Certificate of incorporation issued. Other documents issued upon completion of the registration process are Certified True Copies of Form CAC1.1 for newly registered companies and Form 2A, 2.1, and 7A for older companies.
For a successful tender/expression of interest to be accomplished, a copy of the Company’s income Tax Clearance Certificate (TCC) for the last three years preceding the invitation for tender/expression of interest must be presented.
To secure a TCC, a company must obtain a Company’s Taxpayers Identification Number (TIN) from a Federal Inland Revenue Services (FIRS) office. Then an application for the Company’s Income TCC has to be made to the FIRS with the following documents.
For new companies less than 6months:
4. Duly Completed Tax registration input form
5. Completed FIRS questionnaire for new taxpayers
6. A copy of the Certificate of incorporation, Memorandum, and Articles of Association
7. Letter of appointment of a tax adviser and letter of acceptance.
8. Completed VAT registration Form (download link - www. ibechidoassociates.com/download-legal-documents/)
Okpi, Ibe Chinedu is the Principal Partner in the Law Firm of Ibe, Chido and Associates (www.ibechidoassociates.com), with extensive knowledge in Corporate and Commercial Law Practice. He can be contacted via phone: 07069279374 or email: [email protected]. Or [email protected]
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