No TIN Requirement at Enrollment!
Dear Members,
We are pleased to announce that, effective immediately, we will not require a new member to submit a Tax Identification Number (TIN) at enrollment.
This decision came after extensive consultations with our Legal and Tax teams to ensure that we are fully compliant with local tax regulations even if we don’t require TIN at enrollment. As a company, we are likewise revisiting our enrollment process and have set core principles during enrollment. One of those principles is that we will only require information from a member when we absolutely need it. This directly applies to asking for a member’s TIN only when the member begins to earn commissions.
For current members earning commissions, however, submission of TIN is a must. Commissions will be temporarily put on hold for those who have not yet submitted their TIN. However, these will be released as soon as a TIN is provided.
Sincerely,
We are pleased to announce that, effective immediately, we will not require a new member to submit a Tax Identification Number (TIN) at enrollment.
This decision came after extensive consultations with our Legal and Tax teams to ensure that we are fully compliant with local tax regulations even if we don’t require TIN at enrollment. As a company, we are likewise revisiting our enrollment process and have set core principles during enrollment. One of those principles is that we will only require information from a member when we absolutely need it. This directly applies to asking for a member’s TIN only when the member begins to earn commissions.
For current members earning commissions, however, submission of TIN is a must. Commissions will be temporarily put on hold for those who have not yet submitted their TIN. However, these will be released as soon as a TIN is provided.
Sincerely,
