Definition: Basic taxpayer information refers to the fundamental data collected from individuals or entities for tax purposes. This typically includes personal identification details such as name, address, date of birth, and national identification number. For businesses, it may also encompass company registration details, business address, and VAT number. Additionally, financial information such as income, expenses, assets, and liabilities are also part of the basic taxpayer information. This information is crucial for tax authorities to assess tax liability, ensure compliance with tax laws, and prevent fraud. Source: EIRA team Additional information: Basic taxpayer information refers to the fundamental data about an individual or entity that is required for tax administration purposes. This information typically includes the taxpayer's full name, permanent address, date of birth, and tax identification number. For businesses, it may also include the company's legal name, registered address, registration number, and the names of the directors or owners. The tax identification number is particularly important as it is a unique identifier used by tax authorities to track taxpayers' obligations and payments. In some countries, this may be the same as the individual's social security number or national insurance number, while in others it may be a separate number issued specifically for tax purposes. Additional basic taxpayer information may include the taxpayer's marital status, number of dependents, employment status, and income details. This information is used to determine the taxpayer's tax bracket and any applicable allowances or deductions. In the case of businesses, the basic taxpayer information may also include details about the company's industry, number of employees, annual turnover, and profit and loss statements. This information is used to calculate the company's corporate tax liability. The collection and processing of basic taxpayer information is governed by strict privacy laws and regulations to ensure that taxpayers' personal and financial information is protected. Tax authorities are required to keep this information confidential and to use it only for the purposes of administering and enforcing tax laws. Example: 1. Tax Return Filing: Basic taxpayer information is crucial in the filing of tax returns. This includes the taxpayer's name, address, tax identification number, marital status, and income details. This information is used to calculate the tax liability of the individual or business. 2. Tax Refund Processing: When a taxpayer is due for a refund, the basic taxpayer information is used to process this refund. The tax authorities use this information to verify the identity of the taxpayer and to ensure that the refund is sent to the correct address or bank account. 3. Tax Compliance Checks: Tax authorities use basic taxpayer information to conduct compliance checks. This involves verifying that the taxpayer is meeting their tax obligations, such as filing tax returns on time and paying the correct amount of tax. 4. Tax Audits: In the event of a tax audit, the basic taxpayer information is used to verify the accuracy of the tax return filed by the taxpayer. The tax authorities will check this information against their own records and other sources of information. 5. Tax Planning and Advisory Services: Tax professionals use basic taxpayer information to provide tax planning and advisory services. This includes advising on tax-efficient strategies, helping with tax compliance, and preparing tax returns. 6. Tax Dispute Resolution: In case of a dispute between the taxpayer and the tax authorities, the basic taxpayer information is used in the resolution process. This information is used to verify the claims of both parties and to determine the correct tax liability. 7. Tax Research and Policy Development: Tax authorities and researchers use basic taxpayer information to conduct research and develop tax policies. This information is used to analyze tax trends, assess the impact of tax policies, and formulate new tax policies. LOST view: OV-Information Base Identifier: http://data.europa.eu/dr8/egovera/BasicTaxpayerInformationBusinessObject EIRA traceability: eira:InformationBusinessObject ABB name: egovera:BasicTaxpayerInformationBusinessObject EIRA concept: eira:ArchitectureBuildingBlock Last modification: 2023-07-27 dct:identifier: http://data.europa.eu/dr8/egovera/BasicTaxpayerInformationBusinessObject dct:title: Basic taxpayer Information Information