- How do I get my Taxpayer Identification Number (TIN)?
- Who issues a Taxpayer Identification Number (TIN) and when?
- Who can have a Taxpayer Identification Number (TIN)?
How do I get my Taxpayer Identification Number (TIN)?
You’ll need to contact your national tax authority and follow their steps to obtain your Taxpayer Identification Number (TIN). Once received, and if required by your local tax authority, be sure to report your trading income on your tax return, to avoid any possible penalties and fines and be compliant with laws and regulations applicable to you.
Who issues a Taxpayer Identification Number (TIN) and when?
Generally, the national tax authority will issue a Taxpayer Identification Number (TIN) and usually when the individual, business or entity becomes subject to tax in the country.
There are exceptions and some countries will:
- Issue a TIN upon birth
- Not issue a TIN in any situation
- Issue a TIN only in specific cases or for certain individuals or entities
- Issue a different unique identification number, such as a national or permanent identification number, which can be used as an equivalent level of identification and a functional equivalent
Who can have a Taxpayer Identification Number (TIN)?
As the name suggests, a Taxpayer Identification Number (TIN) is typically issued taxpayers in the following categories:
- Individuals, both employed and self-employed
- Organisations, companies, and business entities.