Tax Residency Certificate

Tax Residency Certificate

A certificate issued for eligible government entities, companies and individuals to take advantage of agreements of double taxation avoidance on income signed by the UAE.

The Tax Residency governs the amount and type of taxes you would need to pay and the country where such taxes are due.

The residents will have the benefits that come with the implementation of the UAE’s Double Taxation Treaty. It basically exists to protect and endorse the businessmen, entrepreneurs, organizations, investors’ interests as they come from other jurisdictions or countries.

All individuals and onshore and free zone companies are allowed to claim the Tax Residency Certificate as long as certain conditions are fulfilled by them. However, the UAE’s Ministry of Finance does not allow the offshore companies to have the Tax Residency Certificate.

 

A Basic Insight into DTAA (Double Tax Avoidance Agreement)

Source of Income lies where the services are performed/assets are located. Hence the source country has right to tax.

Resident Country has the right to tax global income inside and outside the country.

DTAA, an agreement to avoid Double Tax, being in both Source Country and Resident Country.

DTAA is a bilateral agreement between UAE and other country, preserves and upholds the interest of foreign investors and companies from other jurisdictions in an effort to invest in UAE.

A Basic Insight into DTAA (Double Tax Avoidance Agreement)

  1.  Utilisation of benefits of TRC (DTAA).
  2. Preventing unnecessary litigations and procedures.
  3. Reduces working capital shortage.
  4. Strengthens trade relationship.
  5. Facilitating the exchange of informations
  6. Fostering International Trade.

Who shall be eligible to obtain TRC

  1. Companies operating in Mainland.
  2. Free Zone Companies.
  3. An individual.

(Provided the conditions stipulated are met).

How can we help

  1.  Obtaining assistance in assessment of applicability and requirements for obtaining TRC.
  2. Ensuring the status updation and information from the Ministry Of Finance.

My Business needs a Tax Advisor

LET'S TALK!

On top of our compliance service, our team has a comprehensive understanding of all areas of tax, including:

✔ Business Tax Advisory.

✔ Strategic tax planning for all forms of business entities.

✔ International Tax .

✔ Transfer pricing.

✔ Excise tax advisory.

✔ Advisory service with respect to tax accounting methods and periods.

✔ Expatriate and inpatriate tax service.

✔ Tax domicile certificate.

✔ All year-round advice & support

✔ Target setting

✔ VAT returns

✔ Advice to help you get the most from your accounting software.

MASTER EVERY AREA IN THE INDUSTRY

FIND EVENTS & SESSIONS FOR YOU

‘’We build a bespoke service for our
clients. Whether they want to advance
an idea, a capability, or the world at
large, MSATC is with you every step
of the way.”

Mohammed Shafeek

Founder & CEO

MSATC

Our Other

Taxation Services

Transfer Pricing

Country by country auditing (OECD)

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We’re here to assist you with all your business
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info@ms-ca.com

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