Taxpayer Identification Number (TIN)
Our goal is to pay you out as fast as possible in compliance with local and global tax laws. As part of onboarding to Prize Payments, you will be asked to submit a tax form and provide a Tax Identification Number.
A Taxpayer (or Tax) Identification Number (TIN) is an identifying number used for tax purposes in the United States and in other countries under the Common Reporting Standard.
Most EU countries use Tax Identification Numbers (TINs) to identify taxpayers and facilitate the administration of their national tax affairs. TINs are also useful for identifying taxpayers who invest in other EU countries and are more reliable than other identifiers such as name and address.
In the United States, the most common TINs are:
- Social Security Number (SSN)
- Employer Identification Number (EIN)
- Individual Taxpayer Identification Number (ITIN)
For more information regarding U.S. Taxpayer Identification Numbers, please refer to the official website of the Internal Revenue Service (IRS.gov).
The issuance, structure, use, and validity of Tax Identification Numbers (TIN) or their functional equivalents vary from country to country.
You will be able to find information regarding the issuance, structure, use, and validity of TINs in a number of countries on here (the OECD's Automatic Exchange Portal).
For EU countries, you will be able to find information on TINs in each EU member country here (European Commission).
If you cannot find information regarding TINs in the country of residence, please contact your local tax administration.