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A query was raised regarding whether being an authorised signatory on a company's bank account could lead to tax liability. The DGT ruled that the mere status of being an authorised signatory does not fall under the categories of joint and several or subsidiary liability established by the General Tax Law.
This ruling provides legal certainty for individuals acting as authorised signatories for corporate entities, confirming that such a role does not automatically transfer tax obligations to the individual.
The tax team reviews your specific situation.
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