Taxpayer Identification Number  

Definition

A number assigned to companies operating in the Philippines after they have registered with the Bureau of Internal Revenue (BIR).

Use

Your own taxpayer identification number (TIN) has to be printed on most business documents issued by your company, such as official receipts or the value-added tax (VAT) reports.

You maintain your customers' and vendors' TINs – required on official receipts, VAT reports, and withholding tax reports – in their master records. In the Tax Code 1 field, enter the TIN in the format 999-999-999-999V for customers and vendors subject to VAT, or 999-999-999-999N for customers and vendors not subject to VAT.

The last character in the TIN, V or N, determines whether the transaction is subject to VAT, and it is printed accordingly on the official receipt. However, in the transaction, you can overwrite this by specifying a VAT or non-VAT tax code.

You maintain your own company's TIN in Customizing for Financial Accounting, under Financial Accounting Global Settings ® Company Code ® Enter Global Parameters. Enter the TIN in the ID number EXTRASTAT field under Additional details.