Hi, welcome to my blog!
I know it won’t take you long to decipher how much of an IT taxation enthusiast I am. My topics will range from something as simple as getting your TIN to the complexities of comparing our population growth to the number of new registrants and so on.
My goal is to offer relevant information about tax administration processes from an IT perspective. I hope it will help you find the answers to your questions on the subject matter.
My topic aims to cater to students, young professionals and sole proprietors. If you are one of them, then you’ve come to the right place; You might want to learn more about your duties as a taxpayer in the Philippines and the how-to-do-it.
Are you one of those who think that applying for a TIN and filing taxes is boring and useless? I suggest you keep an open mind and you’ll soon realize how greatly it can impact your life and that of your loved ones. Overwhelmed by the TIN registration or tax preparation processes? Or scared by the idea of going through tedious tax computations? I hope my blog will be able to help you conquer all those doubts and fears. For starters,
What is a TIN?
TIN is the acronym for “Taxpayer Identification Number”. It is a system-generated number issued to a tax registrant and should be indicated in the return, statement or document to be filed with the Bureau of Internal Revenue (BIR), for tax purposes. The life of a TIN starts from the date it is issued until the owner ceases to exist. The legal description of TIN can be found here.
What details are reflected on a TIN card?
An issued TIN card contains the following: 1) your name, 2) your TIN which includes the branch code, 3) your complete address 4) your birthdate, 5) the BIR issued date, 6) 1”x1” square box for your picture, 7) signature line for you to sign on, 8) instructions
Sample FRONT of a Cardboard TIN Card
Sample BACK of a Cardboard TIN Card:
And, that’s just the surface of a TIN! Consider this a knowledge-sharing portal for you. Don’t hesitate to share your thoughts in the comments section each and every post. Better yet, share the posts with your family and friends. Let’s keep the “bayanihan” spirit alive!
Next in the pipeline, Tax Fact: Relationship of Population Growth and the Number of TIN Registrants!
“You cannot escape the responsibility of tomorrow by evading it today.”
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