Question: I am a pensioner receiving a monthly pension, am I required to obtain a TIN?
Answer: Yes. While pension may not be taxable, Section 4 of the Income Tax Amendment Act, No. 15 of 2006, states, “Every employer shall record on the return made under section 61(2) the TIN of every employee, pensioner or annuitant from whose emoluments, tax was deducted or to whom he paid a pension or annuity. Therefore, even though you are a pensioner the company from which you receive your pension could ask you to provide it with your TIN.
It should be noted that the TIN is not confined to taxpayers but rather anyone who would require the “services” of the GRA. Hence, pensioners who have other assets are advised to obtain TIN since they may need to do transactions with the GRA at sometime.
(If you have questions on the Taxpayer Identification Number, kindly contact the Registry, GPO Building, Robb Street, Georgetown, Telephone, 225 5587 or write to the Corporate Communications Unit, Guyana Revenue Authority, 210 E Albert and Charlotte Streets, Georgetown
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