Posted On
5/6/2024
11:58:49 AM
by
FP
Looks like no action is required. Maybe you got this email because you declared yourself as a tax resident in Kuwait. I have declared my resident status as the same but have not received any email. I have received an email for KYC validation.
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Posted On
5/6/2024
1:06:42 PM
by
Query
@FP, I got email from only 3 fund houses, others did not send any email. Do you hold any from kotak, hsbc or paragh parikj?
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Posted On
5/6/2024
1:09:56 PM
by
Shanu Jieyn
Do not invest in mutual fund. it is all scam...
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Posted On
5/6/2024
2:22:46 PM
by
Investor
I got a doubt Country of Tax residency kuwait The TIN number to mention is kuwait civil id no
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Posted On
5/6/2024
2:41:41 PM
by
Subin
You dont need to do anything. If they said reply to your mail, just say Not Applicable.
Starting from April 2024, central governt is making strict checking for KYC in mutual fund That is why now all are getting this mail. Just mention that this is not applicable for Kuwait NRI
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Posted On
5/6/2024
2:49:21 PM
by
GP
What is TIN number?
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Posted On
5/6/2024
3:51:34 PM
by
FP
Yes, I hold a fund form Parag parik fund house and I received email for KYC status not for tax status.
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Posted On
5/6/2024
4:08:55 PM
by
Query
In the Fatca form already mentioned Tax residence status is NRE and the TIN number to be civil id number.
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Posted On
5/8/2024
8:52:06 AM
by
Hello
Do you have any update on this subject? Please let the readers know.
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Posted On
5/8/2024
1:46:41 PM
by
Mutual Funds
@Query
Submit below TIN PDF and Civil ID Copy along with Transalation if possible. Hope they will accept.
Dear Sir,
Good Day!
Thank you for your mail, Kuwait is Tax Free Country, Hence could not provide requested TIN.
Alternatively, Kuwait 12-digit Civil ID number issued by the Public Authority for Civil Information (PACI) of Kuwait which contains the person’s date of birth is used as their TIN upon their request.
Appreciate if you could accept the same.
Thank you!!
Happy Investing!
https://www.oecd.org/tax/automatic-exchange/crs-implementation-and-assistance/tax-identification-numbers/Kuwait-TIN.pdf
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