The Tax Residency Certificate (TRC) is a certificate issued for eligible government entities, companies, and individuals. The document proves that you pay taxes to a certain country and gives you the right to benefit from double taxation avoidance agreements. In the UAE, Federal Tax Authority (FTA) is responsible for issuing the certificate of tax residence and you can get a certificate issued to a company registered in the UAE as well as for individuals residing in the UAE.
Any company operating on the mainland or in a Free Zone that has been active in the UAE for at least a year is eligible for The Tax Residency Certificate. However, Offshore companies are ineligible for this and must receive a tax exemption certificate instead of the Tax Residency Certificate. Also, individuals who have resided in the UAE for at least 180 days are eligible for The Tax Residency Certificate. This is especially beneficial for individuals whose mother countries do not have a double taxation agreement with the UAE, the individuals must have a valid UAE resident visa for more than 180 days to apply.
The Tax Residency Certificate is an important document for expats living in the UAE. It certifies an individual’s tax residency status in the country and offers several benefits, including the avoidance of double taxation and access to banking and government services. To apply for the TRC, individuals must meet the eligibility criteria and MARKEF can be complete all the process to obtain TRC within a few weeks. If you’re an expat living in the UAE, consider applying for the TRC to take advantage of its benefits and simplify your tax filing process.
No, the TRC is not mandatory, but it is highly recommended for individuals who want to take advantage of the benefits it offers.
No, only individuals who are tax residents of the UAE are eligible to apply for the TRC.
The TRC is valid for one year from the date of issue.
Yes, you can renew your TRC by submitting a new application, MARKEF can help you in entire process of renewing TRC
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