Foreign Taxpayer Identification Number (FTIN)
A Foreign Taxpayer Identification Number (FTIN) is a unique identifier assigned to individuals and entities by their respective tax authorities in foreign countries for tax purposes. It is used to track tax obligations, ensure compliance with local tax laws, and facilitate the reporting of income and tax activities to the foreign government.
FTINs may vary in format and name depending on the country. For example, in the United Kingdom, it may be referred to as a National Insurance Number, while in Germany, it is known as a Steueridentifikationsnummer. FTINs are important for non-resident taxpayers engaging in transactions with the country that issues the FTIN, as they may be required for tax withholding and reporting requirements.
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