What is a Tax Identification Number?
A Tax Identification Number (TIN) is a unique code used for tax administration. This number is required to ensure accurate tax accounting, identify taxpayers internationally, and facilitate the exchange of financial data between countries.
What information do I need to confirm?
You may be asked to review and confirm the following details:
Your country (or countries) of tax residency
Your Tax Identification Number (TIN)
Confirm that your existing information is correct
In most cases, you only need to confirm that the information already displayed is accurate.
Why do I need to confirm this information?
Financial institutions are required to collect and maintain tax-related information about their customers and provide the data to the Tax Authority following the Common Reporting Standard (CRS).
Under CRS, financial institutions must identify the tax residency of their customers and may be required to report certain financial account information to local tax authorities, who can then exchange this information with tax authorities in other participating countries.
How to confirm my taxpayer information?
When you log in to the MyOkeo platform, you may see a pop-up asking you to review and confirm your taxpayer information.
If you do not see a pop-up asking you to confirm your taxpayer information, simply contact us at hello@okeo.com and provide the data.
What happens if I close the pop-up without confirming?
You may continue to see the request when you log in to MyOkeo until the information is confirmed.