Japan's New My Number's Notification Card Sent out for Companies and Organizations

Japan's My Number common identification system for social security and taxation has begun on Tuesday 22nd of October. 4.4 million companies and organizations all over Japan are given 13 digit identification numbers by Japanese government under new introducing My number system. The posting of the notification cards containing the "My Numbers" has started being sent out to companies and organizations in Tokyo.

Under this My Number system, all individuals living in Japan are given 12 number digits as an identification number. Individuals can receive a card with 12 digit number together with picture and the whole My Number System will be in operation from January next year.

National Tax Agency were preparing for posting of the notification card which contains the My Numbers for companies and organizations in a warehouse of a printing company in Tokyo.

My Numbers for individuals must be kept in confidential as it is closely linked with tax detail and personal information such as name, age, bank account detail and home address. However, unlike my number for individuals, My Number for companies and organizations does not need to be secured. My numbers for companies and organizations will be released in public on the website of National Tax Agency.

It can be used for many purposes and makes life easier for many. Since one identification number is given to a company, it will be easier for National tax agency to grasp the situation of tax payment even if the company changes its name or address. It will be easier for companies to aggregate companies information by using My Number too.

It will be much efficient for companies, organizations and also for government to carry out their business with the use of the identification number. The introduction of this new identification system with My Number will improve social security and taxation system in Japan. It is reported that there are many more ways that My Number can be utilized for Companies as well as for individuals.