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Customs and International Taxation / Tax Consultancy /

Tax Residency Certificate & Advisory

Tax residence refers to the legal and physical base on which tax is computed as per a country’s tax laws. However, Tax Residency relates more to an international cross-border context than to domestic tax laws in the GCC; specifically, to the lawful avoidance of double taxation in two countries under the Double Tax Avoidance Agreement (DTAA) treaties between countries. This is a major concern area, especially for multinational businesses with operations across multiple tax jurisdictions. These companies can avail of applicable DTAAs that the respective GCC countries have with other countries. Tax Residency certificate is applicable to both individuals and companies.

A tax residency certificate is an important document that can be used to confirm an individual’s tax residency status. The certificate can be used for personal or business purposes, and it can be obtained from the tax authority in the individual’s country of residence.

Tax

residency advisory

Residency is legally established by a Tax Residency Certificate (TRC). The TRC is an official certificate or document issued by the tax authority of a country to tax resident entities and individuals fulfilling the set residency criteria as per the residency regulations under the country’s domestic income tax laws. TRC – or Tax Domicile Certificate as it is known in some countries such as the UAE – is a prerequisite for claiming any benefits of lower or no taxation in the source or residence country vis-a-vis the DTAA.

Tax Residency is of critical importance to both individuals and companies but involves in depth knowledge of complex DTAA tax treaty provisions. Our tax experts are vastly experienced in managing DTAAs and TRC. We advise you on the relevant provisions, help you obtain your TRC, and guide you through the process with:

Advice on Residency implications for individuals under UAE, GCC and other Income Tax laws and its interplay with the applicable DTAAs

  • Advice on Residency implications for entities under GCC and other Income Tax laws and its interplay with the applicable DTAAs
  • Review of documents required for Tax Residency Certificate (TRC)
  • Assistance in filing applications with the respective tax department for TRC
  • Responding to queries, if any, raised by the tax department
  • Assistance in obtaining TRC from the tax department

A tax residency certificate is an important document that can be used to confirm an individual’s tax residency status. The certificate can be used for personal or business purposes, and it can be obtained from the tax authority in the individual’s country of residence.

The certificate is typically used to confirm an individual’s tax status for purposes of claiming tax benefits or exemptions. For businesses, a tax residency certificate can be used to confirm the tax status of a company for purposes of claiming tax benefits or exemptions.

Individuals and businesses can obtain a tax residency certificate from the tax authority in their country of residence. The process for obtaining the certificate varies by country, but generally, it involves filing a request with the tax authority and providing supporting documentation.

Forthright is a professional services firm that provides tax registration, withholding tax, VAT consultancy, accounting services and Corporate tax in UAE. We are committed to providing our clients with the highest quality of service and the most up-to-date information available. Our team of experts are ready to help you with all of your tax-related needs. Contact us today to learn more about our services.

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