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What is a TIN and why is it necessary?

April 26, 2017necessary tin

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What is a TIN and why is it necessary?

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TIN refers to a Tax Identification Number. Your TIN is unique, and your registration is a one-off process. If you are presently paying another tax type such as Income Tax, Property Tax or General Consumption Tax (GCT) then you should already have a TIN. Ensure that Inland Revenue has your proper address and contact information. Only the Inland Revenue Division can issue your TIN. Reasons why you should have a TIN: • To obtain a Professional Licence (e.g. Contractors & Wiremen). • For Draftsmen applying for approvals from Physical Planning for Plans. • To process your application for concession from Inland Revenue. • You need your TIN to complete your Customs Entry (To clear goods on import). • To Licence or renew your T or H Vehicle Licence.