Okuzeka
Accounting & Tax vocabulary · Tax Filing & Compliance

Tax identification number

Meaning in accounting & tax, with examples

nounCommon term

In accounting & tax, tax identification number means: A unique number the tax authority gives to each taxpayer, used on invoices, returns and official documents to identify the person or company.

In Turkish: vergi kimlik numarası, VKN, vergi numarası

How it is used

Shortened to TIN or simply tax ID. In the EU, businesses also have a VAT number. Suppliers ask for your tax ID before issuing an invoice, and foreign partners need it for withholding tax forms.

Example sentences

  1. Please send us your company name, address and tax identification number for the invoice.

  2. The tax identification number on the invoice doesn't match the customer's records.

Common collocations

  • tax ID
  • VAT number
  • company registration number
  • tax office
  • VATValue added tax: a tax on the sale of most goods and services, collected at each stage of the supply chain and finally paid by the end consumer.
  • invoiceA document a seller sends to a buyer listing the goods or services supplied, the amount due, any VAT and the payment terms.
  • tax returnAn official form a taxpayer submits to the tax authority, reporting income, expenses or sales for a period and calculating the tax due.
  • withholding taxTax that the payer deducts from a payment, such as a salary, rent, dividend or freelance fee, and pays to the tax authority on behalf of the person being paid.

More terms: Tax Filing & Compliance

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This page explains English vocabulary for learners. It is not financial advice.