Master file refers to the main file of a person or an organization, which contains the key information of the entity. In the field of taxation, the master file may contain basic information of taxpayers, such as ID number, name, etc.
This information is very important for tax management, because it can help tax authorities to identify taxpayers accurately, thus ensuring the correct collection and management of taxes.
In addition, the master file may also contain the taxpayer's tax collection and management records, which can help the tax authorities understand the taxpayer's tax situation so as to carry out effective tax management. Generally speaking, the master file plays a vital role in tax management.