Tin: What Is It & How Does It Affect Singaporean Businesses

The term “Tax Identification Number” is called TIN in abbreviation. It refers to the data about the taxpayer that is used in official transactions. In Singapore, this data depends on the salary, assets, and previous credit history of the organization. The Singapore government assigns the corporations a particular nine-to-ten combination of digits and letters. The function of a TIN is similar to the fingerprint. It helps various governmental organizations recognize the taxpayers.

Singapore’s Accounting and Corporate Regulatory Authority (ACRA) and Inland Revenue Authority supervise the procedure of issuing TINs in Singapore. So, you can say- the IRAS is where people can obtain their TIN number. In this blog, we will discuss the fundamentals of the tax identification number.

What does TIN mean?

TIN is the term used in Singapore to describe the unique nine or 10-digit number the organizations receive from the government. They are intended to provide different identifiers or “fingerprints” in legislative processes like tax filing. Still, a TIN is not all about this.

The IRAS provides “Tax Reference Numbers” to citizens and permanent residents of Singapore. In contrast, ACRA provides corporations with a “Unique Entity Number” (UEN).

Significance of TIN:

It is meant to serve as the reference number in all tax-related processes. When submitting their tax returns to the IRAS, organizations are required to utilize their TIN.

But it goes further than that. The TIN is essential in a lot of other administrative processes.

Organizations must utilize their UEN when paying CPF contributions, requesting import and export licenses, and amending business data on ACRA’s Bizfile database.

How can businesses in Singapore get their tax identification number?

Until January 2009, Singapore’s Tax Identification Number for entities was known as the Tax Reference number. Presently, it is referred to as the UEN. ACRA or other organizations give this number to the company to recognize it and serve as a legislative and regulatory reference.

Organizations in Singapore may obtain a Unique Entity Number through a variety of government agencies, including the following:

ACRA: Both domestic and international enterprises can use ACRA to get their UEN.

Singapore’s Registry of Societies: Organizations that spend for their membership online are given a UEN right away.

MOM: It is the Ministry of Manpower in Singapore. MOM is responsible for issuing UENs to unions.

MCCY: The Ministry of Culture, Community, and Youth of Singapore are responsible for issuing UENs to non-profit and charitable organizations.

Moreover, the Ministry of Defense, The Ministry of Communications and Information, and the Singapore Land Authority also provide UEN for various organizations based on their nature.

Check your TIN:

Here Are the simple steps on how to check tax identification number Singapore. Have a look!

  • Go to the Inland Revenue Authority of Singapore (IRAS) website (https://www.iras.gov.sg/).
  • Click on the “Login” button at the top right corner of the homepage and log in with your CorpPass account.
  • Once you have logged in, click on “Business Tax Matters” on the left-hand side of the screen.
  • Under “Business Tax Matters,” click on “View Corporate Tax Account Summary” or “View GST Registration Details,” depending on the type of TIN you want to check.
  • Your TIN should be displayed on the next screen.

If you do not have a CorpPass account, you can apply for one on the IRAS website. You will need to provide your business details and personal information to complete the application process. You may also contact the IRAS hotline at 1800-356-8300 for further assistance.

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