Hi all,
I got offered a job with my company and I am relocating to Saudi Arabia in a few months and staying there for more than 3 years. I understand that at the time of lodgment of my tax return FY24 I will have to declare that I am no longer a tax resident for tax purpose in Australia (with the date of when I move there). I have spoken with my accountant so that part is clear.
I want to keep investing in shares here in Australia through Vanguard. Vanguard team have advised that at the time of my move I would need to fill a form where I declare I am non-resident for tax purpose in Au and I am now a tax resident in another country. The information will be then shared with the ATO to calculate any withholding tax.
The form asks to provide my Tax Identification Number (TIN) of the country where I am tax resident. As far as I know Saudi Arabia does not mandate provision of the TIN. As a result I will have to mark that the TIN is not applicable.
Question: Would you be able to confirm that Saudi Arabia doesn’t issue a TIN and that I am completing the form accurately by marking the TIN as Not Applicable?
I just want to make sure Vanguard receives the right information so that I don’t have any tax consequences after I become non-resident.
thanks,
Ado
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