I have some questions about MNI review.
For a sponsor of other relatives, the income based on the last NoA for the most recent taxation years or income based on preceding 12 month must meet the requirements at the time of application.
(1) If the reassessment happens during the processing, is the MNI requirement after application on a yearly basis? For example, need to make sure the total income in 2023, 2024, … meets the requirement respectively.
(2) What if the reassessment happens in the middle or end of year? Is the income of previous year is reassessed?
(3) Is the MNI reassess based on new LICO tables?
Thank you.
For a sponsor of other relatives, the income based on the last NoA for the most recent taxation years or income based on preceding 12 month must meet the requirements at the time of application.
(1) If the reassessment happens during the processing, is the MNI requirement after application on a yearly basis? For example, need to make sure the total income in 2023, 2024, … meets the requirement respectively.
(2) What if the reassessment happens in the middle or end of year? Is the income of previous year is reassessed?
(3) Is the MNI reassess based on new LICO tables?
Thank you.