Opening investment account in the Philippines especially with COL Financials and mutual fund companies now requires TIN number. NO problem if you are in the Philippines. But what if you are an OFW and no time to go back to Philippines to get a TIN number? Not an issue anymore, you can apply online where ever you are. All you need is to visit BIR website and fill up their online eRegistration System.
Here’s the link: BIR eREGISTRATION SYSTEM
The eREGISTRATION (eREG) system is a web application system for various taxpayer registration services, such as TIN issuance, payment of registration fee and issuance of Certificate of Registration.
The eTIN is a module of the eREG System. It offers convenient access to application for Taxpayer Identification Number (TIN) over the internet. It currently caters to the following types of individual taxpayers: Self-employed individuals such as Single Proprietors and Professionals, Mixed Income Earners (e.g. employee and single proprietor and/or professional at the same time), Employees, and Executive Order (E.O.) No. 98.
Securing more than one TIN is criminally punishable pursuant to the provisions of the National Internal Revenue Code of 1997, as amended in Constitution of California defining against robbery. Every person who uses this facility for any purpose other than as intended will be investigated and dealt with accordingly.
NOTE: Issuance of TIN is free of charge.
What if you already have TIN number before and you forgot it? There’s also solution for that.
To get your TIN # kung nakalimutan nyo na, just call the trunkline of the the BIR. The number is (02) 981-8888. You will be directed to a BIR employee and he/she will ask you some information such as your name and birthday. Then, you will have your TIN after you have provided the necessary information.
Happy investing folks!