On 17 October 2023, the Ministry of Finance(MOF) has released decision no 247 on the Issuance of Tax Residency Certificate for the purpose of International Agreements which states the following:
- Resident Persons may make an application for Tax Residency Certificate pursuant to the relevant International Agreement may make.
- The application shall include all necessary information in the prescribed form and manner.
- If the Authority is satisfied that the applicant meets the conditions of tax residency the Authority may approve the application and issue a Tax Residency Certificate.
The Ministerial Decision retroactively takes effect from 1 March 2023.