President Panuelo Signs Public Law 22-190, Allowing the Secretary of Finance to Assign Taxpayer Identification Numbers & Offering Electronic Filing of Taxes

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President Panuelo Signs Public Law 22-190, Allowing the Secretary of Finance to Assign Taxpayer Identification Numbers & Offering Electronic Filing of Taxes

 

PALIKIR, Pohnpei—On May 1st, 2023, His Excellency David W. Panuelo—President of the Federated States of Micronesia (FSM)—signed Public Law 22-190, which allows the Secretary of Finance the power to assign Taxpayer Identification Numbers (TINs) and offer taxpayers the capacity to electronically file taxes if so desired. The Public Law amends Chapter 8 of Title 54 of the FSM Code by issuing a new Section 806 on TINs and a new Section 807 on the Electronic Notice System.

 

TINs will be unique identifiers assigned to taxpayers by the Department of Finance & Administration. The Secretary may require a taxpayer to apply for a TIN, or issue a TIN without an application to any person liable for tax, after verification of the applicant’s identity, as prescribed in regulations. The Secretary shall notify the taxpayer in writing of his or her TIN.

 

The Secretary may require a taxpayer to indicate the assigned TIN in specific communications with the Department, including for tax returns. The Secretary may cancel a TIN for any reasons he or she considers appropriate, including in case of double TIN issuance.

 

The Electronic Notice System is a system developed by the Department of Finance & Administration for the electronic service of notices and other documents by the Secretary, and for the filing by electronic means of tax documents, including tax returns. The Secretary may establish an Electronic Notice System and offer taxpayers the capacity to electronically file their taxes and related documents, though persons without access to equipment permitting electronic filing may file a physical copy of their tax returns and be served with non-electronic notices.

 

The Secretary is empowered to adopt such regulations that may be necessary for the implementation of either Section.

 

Public Law 22-190 on TINs and the Electronic Notice System may be found here: https://gov.fm/files/20230502_PL22-190.pdf

FSM GOVERNMENT

P.O. BOX PS53
Palikir, Pohnpei State, FM 96941
Phone: (691) 320-2228
Fax: (691) 320-2785

 

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