How to become a tax non-resident of your country
It's important to note that becoming a non-tax resident of your country can have significant tax and legal implications. It is therefore advisable to consult a tax professional or lawyer specialized in tax law for personalized and precise advice.
However, here are some general steps you can take to become a tax non-resident of your country:
- eastCheck if you are eligible: Non-tax resident rules vary from country to country. You'll need to check whether your country has non-tax residence agreements with other countries, and whether you're eligible to benefit from them.
- eastApply for a declaration of non-residency: If you are eligible, you will need to apply for a declaration of non-residency from your country's Ministry of Finance or tax authorities. You'll need to provide information about your personal and financial situation, as well as your activities and assets abroad.
- eastLeaving your principal residence: To become a non-tax resident, you will generally need to leave your principal residence in your home country. You will also need to declare the sale or rental of your principal residence.
- eastDeclare your assets abroad: You'll need to declare your assets abroad, including bank accounts, shares, real estate, etc., in order to become a tax non-resident.
- eastProvide information about your income: You will need to provide information about your income, including wages, pensions, interest, etc.
- eastPay taxes abroad: You will be required to pay taxes abroad on your income and assets.
- eastApply for a non-resident certificate: Once you've completed the formalities, you'll need to apply for a non-resident certificate from your country's Ministry of Finance or tax authorities.
It's important to note that tax non-residency rules may vary according to your personal and financial situation, as well as your country of origin. It is therefore advisable to consult a tax professional or lawyer specialized in tax law for personalized and precise advice.
Here are a few examples of countries that have tax non-resident agreements:
- eastThe United States and Canada have a non-tax residence agreement that allows citizens of these countries to become non-tax residents if they reside abroad for more than 330 days per year.
- eastThe European Union has a non-tax residence agreement which allows citizens of EU countries to become non-tax residents if they reside abroad for more than 183 days a year.
- eastThe UK has a non-tax residence agreement which allows UK citizens to become non-tax residents if they are resident abroad for more than 183 days a year.
It is important to note that these examples are general and that the rules may vary according to your personal and financial situation, as well as your country of origin. It is therefore advisable to consult a tax professional or a lawyer specialized in tax law for personalized and precise advice.
