Vendor Registration
VENDOR REGISTRATION FOR INTERNATIONAL BUSINESSES
Before we ask you to fill the vendor registration form, we would like to let you know the set of documents you will require to start your vendor registration.
Preparing the documents can be overwhelming, be rest assured we are there to help you and have provided all the required information below. If at any point you need additional assistance, please feel to reach out to us at accounts@testingmind.com.
DOCUMENTS REQUIRED
- TAX RESIDENCY CERTIFICATE
- NO PERMANENT ESTABLISHMENT CERTIFICATE
- FORM 10F
- BANK AUTHORIZATION LETTER
TAX RESIDENCY CERTIFICATE
As per the Indian regulation, any international transaction against a professional service has a tax liability, and a 10% Tax Deduction at Source (TDS) or withholding tax has to be deducted from the invoice amount.
A Tax Residence Certificate (TRC) is needed in order to benefit from the application of double tax treaties and comply with local tax regulations. If there is a dual taxation treaty between India and the country in which your business is registered, you will be able to claim this TDS or withholding tax.
You will be able to get this certificate from the tax authority of your country.
NO PERMANENT ESTABLISHMENT CERTIFICATE
It is a declaration provided by the international businesses as proof of tax residence, stating that they do not have a permanent establishment in India.
Please Download NOPEC template, fill in the relevant information, print it on your company letterhead, sign, and scan the document. We will ask you to upload this document in the next step.
FORM 10F
It is a declaration that the assessee resided in the foreign country which is covered under a DTAA (Double Taxation Avoidance Agreement) with India and hence, the tax rate applicable to the income is at the rate mentioned in the DTAA.
Please download Form10F, fill in the relevant information, and keep it ready. We will ask you to upload this document in the next step.
How to fill Form 10F? Form10F Guidance
BANK AUTHORIZATION LETTER
On your company letterhead, put the details of your bank which should include: Bank account number, Branch Name, Branch Address, SWIFT/IBAN code, and any other information required for us to initiate an international bank transfer from India.
Certify this document by signing it and keep it ready for next step.
Please keep all these documents ready before you proceed. If you are ready with the documents, let’s get you onboarded.
