Here you will find answers to your Frequently Asked Questions.
What is a TIN?
A TIN is a set of numbers and / or characters set in the format as required by the respective country and for which is issued to its residents.
Where can I find my Tax ID Number (TIN)?
Your Tax ID Number can be found in various country documents (such as Passport / ID Card).
Why am I requested to provide a TIN?
A Tax ID Number (TIN) is a requirement to be provided if your Country of Tax Residency (for the CRS) issues a TIN to its residents.
What if I do not know my TIN?
You can contact your Tax Authority to understand what your relevant TIN number would be. A Legal Advisor can also support.
Is it mandatory to provide my Tax Residency information?
Yes – Banks across the world are now obliged to gather the Tax Residency information of its customers as part of their obligations under CRS (Common Reporting Standard).
What is the CRS (Common Reporting Standard?
The Common Reporting Standard (CRS) is a OECD led initiative regarding the Tax Residency of Individuals and Legal Persons, which over 100 Countries have signed up to. On a yearly basis, Tax Residency information is shared between Countries signed to the CRS as part of the Exchange of Information agreements.
More FAQs to come…