What is a tax resident?
Each country has different rules which govern tax residency. For individuals, these rules are often based on the time you spend there or whether your home is there.
When do I provide it?
You will need to declare your tax residency when opening a new account or when requested by the bank.
How do I do this?
When opening an account you will be asked for your tax residency details. This information can be provided in NetBank, by calling us on 13 2221 or by visiting any of our branches.
What is a Tax Identification Number?
If you are a tax resident of another country, you will be asked for your Tax Identification Number (TIN) issued to you in that country, if you have one. TIN is an international term which may have a different name in some countries.
What happens if I have an existing account?
Next time you open a new account you may be asked for your tax residency information, if we do not already have it.
What happens when I open a new account (and I am not already a customer at CommBank)?
You will be asked to declare your tax residency when opening a new account at CommBank.