Your tax residency looks at whether you have been a resident of or have been physically present in a country for a certain amount of time, but the meaning of tax residency can differ from one country to the next. For individuals, physical presence in a country or jurisdiction is the main test for tax residency. Some countries also determine the tax residency of individuals by looking at factors like homeownership, if you have long-term rented accommodation, or if you have certain financial interests in that country.
Nedbank will try to assist you as much as possible, however, we are not able to provide tax advice. For this you may wish to consult an independent tax advisor as Nedbank employees are not tax advisors.
For more information, please visit the Organisation of Economic Co-Operation and Development* (OECD) website at https://www.oecd.org on how to determine your tax residency.
*For any defined terms please see the Table of terms and definitions.
