Further to the previous article about global sharing of offshore bank accounts and investments with the IRD (click here to read this), please be aware that banks and other financial institutions here and offshore are currently requesting that customers complete tax residency status declarations as part of this global initiative.

As we have been receiving many enquiries about these tax residency status declarations, we wanted to assure you that these are legitimate and further, they are now mandatory to complete. Failure to complete the declarations will result in you being brought to the attention of the relevant worldwide tax authorities.

This is a complex new area of international tax law, and if you have any concerns please contact us to make an appointment to come and see Paul.