Dumaguete Info Search


Best Posts in Thread: TIN

  1. Show Pony

    Show Pony DI Forum Patron Highly Rated Poster Showcase Reviewer

    Messages:
    1,578
    Trophy Points:
    371
    Ratings:
    +2,422 / 1,265
    I've had a TIN for 15 years now. I needed it to open a bank account (as I recall). The bank needed a TIN so the BIR could collect their taxes on what little interest my bank account generates.
    You do not need to file a tax return or have any interaction with BIR. If you have income abroad (or a pension) that is not taxed here. The BIR treats overseas income like they treat OFWs (offshore foreign workers) is not taxed.
     
    • Thanks Thanks x 1
    • Informative Informative x 1
    Show Pony, Oct 10, 2024
    #5
  2. PatO

    PatO DI Forum Luminary Highly Rated Poster Showcase Reviewer Veteran Marines

    Messages:
    6,139
    Trophy Points:
    451
    Ratings:
    +4,593 / 1,018
    I got an TIN for my wife when we first got married. That allowed me to claim her as a dependent on my US taxes. It is my understanding that her TIN helped get an US tourist visa faster.
     
    • Agree Agree x 1
    • Informative Informative x 1
    PatO, Oct 8, 2024
    #3