10.2.2 Tax Residency

This topic describes the systematic instruction to Tax Residency option. This section captures information pertaining to the tax residency of the entity.

Users are required to specify whether the entity can be considered as a tax resident of any country other than the country in which its accounts are held and subsequently specify details pertaining to the countries in which the entity is a tax resident. Information specific to the entity’s operations in the United States is also captured in this section.

Figure 10-8 Tax Residency

Description of "Figure 10-8 Tax Residency"

Note:

The fields which are marked as Required are mandatory.

For more information on fields, refer to the field description table.

Table 10-5 Tax Residency - Field Description

Field Name	Description
Is the Entity a tax resident of any country other than <country name>?	Specify whether the entity is a tax resident of any country other than country in which the entity’s accounts are held. The options are: Yes – Select this option to identify that the entity is a tax resident of a country/countries other than the one in which it’s accounts are held. No – Select this option to identify that the entity is not a tax resident of any country other than the country in which it’s accounts are held.
Is the entity a tax resident of any country other than <country name>?	The following fields are enabled if you have selected the option Yes against the field.
Country of Tax Residence	Select the country in which the entity is considered a tax resident.
TIN Available	Specify whether the entity's taxpayer identification number of the country of which it is a tax resident, is available or not. The options are: Yes – Select this option if the entity’s TIN for the country selected in the Country of Tax Residence field is available. No – Select this option if the entity’s TIN for the country selected in the Country of Tax Residence field is not available.
Tax Identification Type	Specify the tax identification type of the entity that will be provided as proof of tax residency. The values in this list are populated based on the Identification documents that are accepted as TINs in the country that you have selected as Country of Tax Residence. This field appears if you have selected the option Yes in the TIN Available field.
Other Tax Identification Type	Specify the identification document of the entity that you are providing as TIN, if the tax identification type is other than the listed option in the Tax Identification Type list. This field appears if you have selected the option Other in the Tax Identification Type field.
TIN/ TIN Equivalent	Specify the Taxpayer Identification number.
Reason for Non Availability	Specify the reason of non-availability of taxpayer identification number. This field appears if you have selected the option No in the TIN Available field.
Add Another Country	The link to add details of another country in which the entity is a tax resident. You may choose to add further records, up to a defined number, if the entity is a tax resident of more than one country.
Remove Country	This link is displayed against the record of a country that has been added as country of tax residence. Select this link to delete the specific record against which the link is displayed.
Is the entity incorporated in the United States of America	Specify whether the entity was incorporated in the United States of America. The options are: Yes No
Does the entity have any ultimate beneficial owners (incl. controlling persons) who are a tax residents (incl. US citizens/ green card holders) of countries other than <country name>?	Specify whether the beneficial owners including the controlling persons of the entity/ organization are tax residents of any other country. The options are: Yes No

1. In the Is the Entity a tax resident of any country other than <country name>? field, select the applicable option.
   1. If you have selected Yes, specify details pertaining to the country/countries in which the entity is a tax resident. The steps are as follows:
      1. In the Country of Tax Residence list, select the country in which the entity is a tax resident.
      2. In the TIN Available field;
         1. Select the option Yes if the entity’s TIN for the country in which it is a tax resident is available.

            OR

            Select the option NO if the TIN is not available.

      3. If you have selected the option Yes against the field TIN Available;select the TIN type from the Tax Identification Type field and specify the TIN number in the TIN/TIN Equivalent field.

         OR

         If you have selected the option No against the field TIN Available, specify the reason for which the entity’s TIN is not available in the field Reason for Non Availability.

      4. Click the Add Another Country link, to add another country record if you are a tax resident of more than one country. Repeat steps i to iii .
      5. Click the Remove Country link displayed against a country record if you wish to delete the country record.
2. In the Is the entity incorporated in the United States of America? field, select the applicable option.
3. In the Does the entity have any ultimate beneficial owners (incl. controlling persons) who are a tax residents (incl. US citizens/ green card holders) of countries other than <country name>? field, select the applicable option.
4. Click Continue.
   The Entity Certification section appears.