Of Interest Maybe ??? In todays paper / Tom / Roxas City THE number of foreigners residing in the Philippines has increased by six percent from 194,356 aliens at the end of 2011 to 203,753 aliens at the end of last year, according to Immigration Commissioner Ricardo David Jr. David said Chinese nationals continued to top the list of resident foreigners with 59,000 documented aliens. Koreans came next with about 31,000 residents, followed by some 26,000 Americans. More than 47,000 of the registered aliens are non-immigrants while more than 46,000 are immigrants and there are also about 5,700 aliens with special non-immigrant visas, he added. David said the number represents only those who have been issued alien certificate of registration identity cards (ACR I-Cards) which officially documents, through biometrics, a foreigner’s residency status and serves as an exit and reentry permit for departing aliens. The immigration commissioner released the data as foreigners continued to flock to the offices of the Bureau of Immigration across the country for their annual mandatory appearance at the bureau as required by Republic Act No. 562, or the Alien Registration Act of 1950, within the first 60 days of every calendar year. “They should bring with them their ACR I-Card and report in person to the nearest immigrant field office and pay their annual report fee,” said acting alien registration chief Ronaldo Ledesma. The period ends on March 1. Last December, the bureau launched a project that will enable foreigners to make their annual report and register with the agency without have to personally appear at the bureau’s headquarters in Intramuros, Manila. David deployed nine-man teams to foreigners’ workplaces, associations or residences to process the annual reportorial requirement. Meanwhile, the Securities and Exchange Commission announced it will now require foreigners to submit their personal tax identification numbers (TIN) to help ensure that foreign company executives are paying proper taxes on their income in the Philippines. “No application for incorporation of a corporation, or registration of a partnership shall be accepted unless the TIN or passport number of all its foreign investors are indicated in its registration documents like Articles of Incorporation,” the SEC said. Applications for amendments of a company’s registration documents will not be accepted by SEC unless the TIN of all the foreign investors, natural or juridical, resident or non-resident, are indicated. Posted from another site. Take care all.
Perhaps you can more fully explain the TIN thing ? The way that is worded it is only for Company Executives who are gainfully employed with an income derived in the Philippines, is that correct ?
