Foreign Tax Identifying Number
1 31 tax identification number tin.
Foreign tax identifying number. A tax identification number tin is an identification number that s used for tax purposes. Generally aliens may apply for either a social security number ssn or an individual taxpayer identification number itin for use on tax related documents. A foreign tax identification number then add that into the w 8 form where specified. Generally aliens who enter the united states in an immigration status which allows them to be employed in the united states under specific circumstances under u s.
The tin is a mandatory item for reporting for fatca in respect of pre existing accounts for the 2017. For individuals it is determined on the basis of personal data and is made up of an expression of 16 alphanumeric characters. Tins are different in every country. Foreign tax identifying numbers foreign tin are also not issued by the irs.
We use cookies on our website to enhance your online experience and to analyze visitors navigation patterns. Foreign tax identification number ftin as calendar year 2019 is quickly coming to an end we wanted to remind us offices and branches of financial institutions like us banks and us investment entities that forms w 8 except for a form w 8imy without a valid. If you are in a country with a tax treaty rate for us rwht then you need to add a tax identification number to claim a treaty benefit. Most countries issue them to identify their taxpayers and to help with the administration of tax affairs.
The tax identification number provides a means of identification of foreign citizens in their relations with public authorities and other administrations. Foreign entities that are not individuals i e foreign corporations etc and that are required to have a federal employer identification number ein in order to claim an exemption from withholding because of a tax treaty claimed on form w 8ben need to submit form ss 4 application for employer identification number to the internal. Rather they are issued by the country in which the non u s. For more information about our use of cookies please read our privacy policy to acknowledge our use of cookies simply continue browsing or click acknowledge.
For example in the uk individuals have a national insurance ni number and companies have a corporation.