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What Is A Tax Residency Certificate, And What Is It For?

As of now, business activities in the UAE are supporting international trade links, yet it likewise gets convoluted once it gets caught in the tax regime. Thus, businesses are presently handling the issue of twofold tax assessment. To straighten out this issue, a Tax Residency Certificate in UAE comes into existence.

A Tax Residency Certificate in UAE sometimes called Tax Domicile Certificate (TDC) is issued by the Ministry of Finance (MOF), International Financial Relations and Organizations Department conferring eligibility to government entities, companies, and individuals to benefit from the treaties of double taxation avoidance of the UAE with its other global counterparts.

If a person resides in the UAE for at least 180 days he can apply for the UAE Residency Certificate. The non-residents cannot apply for this certificate.