Tax Residency

Tax Residency mean territory of which an individual or entity is liable to tax by reason of residence in the jurisdiction. The tax laws of different jurisdictions for defining tax residence may vary. Please seek advice from a professional tax advisor or refer to the OECD website for more information on tax residency.

Taxpayer Identification Number (“TIN”)

The term “TIN” means Taxpayer Identification Number or a functional equivalent in the absence of a TIN. A TIN is a unique combination of letters or numbers assigned by a jurisdiction to an individual or an Entity and used to identify the individual or Entity for the purposes of administering the tax laws of such jurisdiction.

Some jurisdictions do not issue a TIN. However, these jurisdictions often utilise some other high integrity number with an equivalent level of identification (a “functional equivalent”). Examples of that type of number include a social security/insurance number, citizen/personal identification/service code/number, resident registration number, a Business/company registration code/number.

Further details of acceptable TINs can be found at the OECD Automatic Exchange Portal.