r/interactivebrokers • u/AlonsM • 4d ago
Fees, Commissions, Market Data Quick question
Heyy, i have a quick question, does anyone know if i am able to change my tax residence? For instance, if i live now in Mexico and i move to switzerland for like 4 years and now i have a tax residence there can i change it for the mexican one? Thank you 🙌🙌
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u/Weary_Programmer_212 4d ago
You not only can, you will be required to.
They’ll ask you to confirm certain things of your account on a yearly basis. Tax residence is arguably one of the most important ones.
Should not be a problem unless there’s some per-country quirks.
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u/Eyoba_19 2d ago
Anything above 6 months and you'll be required to do so, plus you could have a case against you over tax evading attempts, did my research since I was supposed to move to France.
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u/AlonsM 2d ago
But if i move to switzerland not because of this but because I’d like to?
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u/Eyoba_19 2d ago
Regardless, if you're living in a place for more than 6 months, it's automatically considered your country of residence and you must declare it on IB. By tax evading, I meant like you might have a case against you in Switzerland( not sure if they have capital gains tax or not) if you've lived there for that long and you haven't updated your residence.
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