What is a TIN for?

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jakariabd@
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What is a TIN for?

Post by jakariabd@ »

The INN is assigned to each individual or legal entity that has taxable income and transfers funds to the Federal Tax Service. The tax authority uses it to identify the payer and track budget receipts. The number is assigned to both Russian citizens and foreigners.

The number is assigned based on the fact of a person's birth in the Russian Federation since 1999 or the foundation of a company. It is unique - there are no repeating numbers for either people or organizations, with the exception of extremely rare errors. This was invented to unambiguously identify a person or organization throughout their life: even if a citizen changes his passport, and a company - its name, their INN will not change.
Individual entrepreneurs and self-employed persons use the taxpayer identification number that was issued to them at birth as their taxpayer identification number. If they do not have one, it is issued at the time of registration of the individual entrepreneur or registration of the taxpayer identification number.
It is important not to confuse the TIN of a n brazil phone number material organization and an individual. The founder always retains his personal tax number, but each company that he registers for himself will be assigned its own identifier.

The tax number is necessary for the unmistakable identification of the taxpayer when calculating or paying taxes, regardless of other data that sometimes changes. Individuals may need to know their TIN in a number of situations: To file a tax return, individual entrepreneurs and individuals must provide this information to clearly identify them.
When receiving tax deductions. The TIN will allow the auditor to find out whether you are entitled to receive a deduction.
When registering a purchase or sale of real estate. This information is indicated when registering the agreement in Rosreestr.
When applying for a loan, bank employees use the TIN to check the applicant's credit history.
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