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Article - Foreign Tax Association
Article - Foreign Tax Association

Tax residency & Tax Identification Number (TIN) - what these mean and when you need to provide them.

Liz avatar
Written by Liz
Updated over a week ago

If you're an Australian resident for tax purposes, you are taxed on your worldwide income, so you must declare any foreign income in your income tax return. For example, you may be residing in Australia however have another country's citizenship and have income being received from that country, this classifies you as having a Foreign Tax Association. 

Some lenders require this information to be inputted in their application data. You will come across this section in Current Situation -> Person Applicants -> Other Details.

If you are a tax resident of a country other than Australia, you will be asked for your tax identification number (TIN) issued to you in that country, if one has been issued to you. TIN is an international term which may have a different name in some countries. 

  • Fully Provided - The foreign tax associations have been fully provided by the entity or their representative. You will then be asked for the TIN and issuing country.

If you have a Foreign Tax Association, but does not have a TIN or equivalent, you will be asked to provide a reason.

  • Not Provided - The entity or their representative has not disclosed full details of whether there are any foreign tax associations and/or the details of those foreign tax associations. You will then be asked for the country and TIN Not Provided Reason.

If you do not have a Foreign Tax Association, then select "None".

  • None - The entity or their representative has disclosed that there are no foreign tax associations. You will not be asked for anything else.

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