Tax Identification Number


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Tax Identification Number

A number the IRS assigns to businesses and other entities, such as trusts, for tax purposes. While the TIN exists for a variety of reasons, its main function is to ensure that each organization is billed for its own taxes, and not those of another entity with the same name. Social Security numbers serve as TINs for individuals.
References in periodicals archive ?
Foreign nationals who would like to work in the Philippines should first present a tax identification number (TIN) from the Bureau of Internal Revenue (BIR).
Generally, it is best to have the maquiladoras pay the tax since they will have the most negotiating leverage with the Mexican government if a dispute should arise, and this arrangement is easier to administer and avoids the necessity of obtaining a Mexican tax identification number.
Nip (Tax Identification Number): 526-010-02-50, Regon (Statistical Number): 008054981
As part of its effort, the government formed an inter-agency task force and issued a joint memorandum circular which requires all foreign nationals and their employers or withholding agents to secure a Tax Identification Number from the BIR.
As you progress, Jackson Hewitt will assist you with obtaining a Preparer Tax Identification Number (PTIN), which is required in order to prepare federal tax returns for a fee.
As part of the steps to ensure that POGOs pay the right amount of taxes to the government, a Joint Memorandum Circular JMC) was issued, requiring all foreign nationals and their employers or withholding agents to secure a Tax Identification Number (TIN) from the BIR as part of the documentary requirements in securing employment permits and visas.
State Minister for Power, Energy and Mineral Resources Nasrul Hamid Monday requested the finance ministry to withdraw the budget proposal for submission of Tax Identification Number (TIN) by lifeline subscribers to get power connection, reports BSS.
He said the new issuance will ensure FNs have complied with all the necessary requirements, like securing Tax Identification Number, before being allowed to work in the country.
GLOBAL Audit, Tax and Advisory services firm, KPMG Nigeria has expressed concern over the plan of the Lagos State Internal Revenue Service (LIRS) to leverage on existing Bank Verification Number (BVN) for Tax Identification Number (TIN) operations.
Gazt also reminded consumers to make sure they receive approved standard VAT invoices upon making purchases from a VAT-registered business, which must mention the tax amount, tax identification number, and which items are subject to the standard 5 per cent rate or are zero-rated.
The app, which has been downloaded 1.4 million times to date through the Apple Store and Google Play, enables customers to easily verify whether or not a business is registered in VAT by simply taking a photo of the QR Code on the VAT certificate, or entering the commercial registration or the 15-digit tax identification number on the invoice.
He urged businesses to register online via the Federal Tax Authority's website to receive a tax identification number, and to avoid any administrative penalties for violation of tax laws in the UAE.