New Delhi, April 14 -- - Name withheld on request

Under US tax law, individuals who give up citizenship or relinquish a "long-term" green card (held for eight years or more) may be subject to the exit tax provisions under the internal revenue code (IRC). This applies if they qualify as a "covered expatriate." An individual is classified as a covered expatriate if, at the time of exit, they meet any of the following conditions (based on 2026 thresholds): a net worth of $2 million or more; an average annual US income tax liability exceeding $211,000 over the previous five years; or failure to certify compliance with US tax obligations for the preceding five years.

Even if the financial thresholds are not met, individuals must still certif...