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  • How to Make TIN Number for Stocks in the Philippines

    Opening a stock account in the Philippines is challenging. Depending on the stock broker of your choice, numerous requirements may be needed. One of the common denominators across all stock brokers is the need for TIN (Tax Identification Number). The common notion in filing a TIN number is that it is challenging and bothersome due to paperwork. The unfriendly process hinders most of us from making TIN account and ultimately, it prevents us from making our own stock/ investing account. As I had the first hand experience, it took me a three four years to actually have my TIN number. I realized later on, the processes of filing a request for TIN number is not as challenging as I initially thought. I had my first trading account in COL Financial. The experience of going to the main office and have the account open is also not as difficult as I first thought. As such, I am sharing my experience on how you may be able to take the first step - to make a TIN number. Requirements: 1. BIR Form 1904 2. Birth Certificate Photocopy 3. Barangay Certification Original or also known as "KATIPUNAN NG MGA BARANGAY" BIR Form 1904 BIR Form 1904 is the one and only form you need to fill up in order to have your own TIN Number. The following link will redirect you to PDF of Form 1904. You simply need to fill up those numbers with red circles. https://drive.google.com/drive/folders/1ZoikpvxmlrhMia5GGH8Ik7HrmHLI4s9w?usp=sharing Barangay Certification You may get your Barangay Certification in the Barangay of where you lived. You need to bring your government issued documents such as I-card, Birth Certificate, or Passport that indicates where you live. In my case, I simply presented my I-card. Luckily, the Barangay Kapitan was also present when I went. It took me 10 to 15 mins only to have my own Barangay Certification. TIN Number After you have gathered the three requirements, BIR Form 1904, Barangay Certification, and Birth Certificate, you may now go to the BIR (Bureau of Internal Revenue) near the place you lived (unless stated otherwise). Simply present all those three requirements and you are good to go. Are you surprised with the simple process? 'Coz, I am. Alas, you now have your own TIN Number, you may now proceed in opening your own stock account.

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