Navigating the process to cease your tax residency in Bahrain can be straightforward if you follow the right steps. Whether you're moving abroad or changing your status, this guide will provide you with a clear and concise roadmap.
Step 1: Notification to Authorities
Notify the National Bureau of Revenue (NBR) and other relevant authorities about your intention to cease being a tax resident. This notification should be made in writing and must include your full name, address, and the effective date of cessation.
Step 2: Settle Outstanding Taxes
Ensure that all outstanding taxes and financial obligations are settled. This includes filing any pending tax returns and paying any due taxes up to the date of cessation.
Step 3: Deregister from NBR
Submit a formal request to deregister from the National Bureau of Revenue (NBR) system. This should include your Tax Identification Number (TIN) and any other required documentation.
Step 4: Close Local Bank Accounts
If applicable, close any local bank accounts or financial instruments registered in Bahrain. Ensure that all transactions are completed and there are no pending obligations.
Step 5: Obtain Confirmation
Request and obtain written confirmation from the NBR that your tax residency status has been ceased. Keep this document for your records as it may be required for future reference.
Legal References
- Bahrain National Bureau of Revenue (NBR) Guidelines
- Bahrain Income Tax Law
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