The 60-second version
Palau exit needs employer tax certificate and Bureau of Revenue compliance letter. I export social security statements, close USD account, wire to NRE, and map RNOR for tourism and fisheries payroll.
Bureau of Revenue clearance before closing Koror payroll account
Palau taxes residents on employment income — obtain salary tax reconciliation and TIN clearance from Bureau of Revenue before departure.
Tourism, fisheries, and compact-of-free-association payroll common in Koror — retain employer settlement; economy uses USD.
FSM neighbour: Micronesia guide for Pohnpei parallel exit.
Palau lanes
| Item | Palau | India |
|---|---|---|
| Salary tax | Ends on exit | Residency tax |
| Social sec. | Export stmt | Form 67 credit |
| USD bank | Close | NRE wire |
| Work permit | Cancel | OCI/resident |
Palau exit
Settlement
Employer final letter.
BOR cert
Tax clearance.
SS export
Contribution PDF.
Wire USD
SWIFT to NRE.
ITR
Overlap-year filing.
Flow
Palau kit
- TIN.
- Salary cert.
- SS PDF.
- SWIFT receipt.
- Passport stamps.
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USD only
Palau uses USD — wire directly to NRE without FX conversion.
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Partial-year Koror income?
Yes — declare Palau-source in India ITR.
RNOR?
Foreign income may be exempt if RNOR conditions met.
Micronesia neighbour?
Micronesia guide for FSM parallel exit.
Form 67?
If overlap-year double tax on salary.
US person?
USD economy — FBAR if aggregate > USD 10K.
Remote work?
India taxes from return date as resident.
Your country's rules are the starting point, not the finish line.
Tax exits, pension continuity, banking notifications — the India side has its own rules too. Get both sides clear.