TRC as alternative to tax return

[liroyb]

As european banks are obsessed with asking for tax returns when onboarding new clients nowadays, I was wandering if tax residence certificate is typically accepted as alternative?

 

[zzzzzz]

liroyb said:
As european banks are obsessed with asking for tax returns when onboarding new clients nowadays, I was wandering if tax residence certificate is typically accepted as alternative?
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I was never asked for tax returns. What type of bank account, personal or corporate? Are you citizen, legal resident and tax resident in EU?

 

[liroyb]

zzzzzz said:
I was never asked for tax returns. What type of bank account, personal or corporate? Are you citizen, legal resident and tax resident in EU?
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Personal. Citizen but not resident.

 

[Forester]

liroyb said:
As european banks are obsessed with asking for tax returns when onboarding new clients nowadays, I was wandering if tax residence certificate is typically accepted as alternative?
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No, it is not. If they ask for tax return (yes, it happens quite often), it is because of the source of funds investigation/assesment, so a tax residence certificate being worth nothing there. If they want just to confirm your tax residence, they usually ask just for TIN.

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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...

 

[Sols]

A tax return shows that you have declared income and paid taxes (if any) on your income.

A TRC shows you are supposed to declare income and pay taxes (if any) on your relevant income.

They serve different purposes.

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This is the probably the answer to your question.