Web Content Display Web Content Display

Blogs Blogs

BIR launches New ‘SMART’ TIN cards

According to PhilStar Global News,  Senior citizens and professionals residing in the country’s main financial district are the ones to benefit first from an improved, microchip-embedded tax identification (TIN) card.

 Last June 20, the Bureau of Internal Revenue (BIR) “soft launched” its “smart” TIN card targeted to replace existing cardboard TIN IDs, according to a briefer on the bureau’s website.
“People are complaining why their TIN IDs are made of cardboard so here we are presenting a solution to the problem,” outgoing Internal Revenue commissioner Kim Henares said in a phone interview on Wednesday.
Phase 1 of the project, she said, involved the production of 150,000 smart TIN cards to be distributed to new senior citizen and registered professional taxpayers of Revenue Region 8 in Makati City.
It was funded by the agency’s share of the recently concluded $434-million Millennium Challenge Corp. compact grant under its Revenue Administration Reform Project.
The five-year program, amounting to $54.3 million, aimed to enhance BIR’s information technology systems to improve tax filing, management and administration.
During the soft launch, separate TIN IDs for senior citizens and professionals were unveiled, although with no noticeable difference, except the inclusion of senior citizen number for the former. BIR said designs may still change.
“Next phases will be bid out. It will be up to the next administration if they want to continue this,” Henares said. Her successor, Cesar Dulay, said he “will have it studied” first.
For more information visit PhilStar
See more
No comments yet. Be the first.