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How to Obtain Tax Residency Certificate in UAE?

A Tax Residency Certificate (TRC), issued by the UAE's Ministry of Finance, is an essential document for individuals and businesses seeking to benefit from the UAE's network of Double Taxation Avoidance Agreements (DTAs). Here’s a comprehensive guide on how to obtain a TRC in the UAE:

What is a Tax Residency Certificate (TRC)?

The TRC confirms that an individual or entity is a tax resident of the UAE and is eligible to benefit from the tax treaties signed by the UAE. It’s particularly beneficial for:

Avoiding double taxation on income.

Ensuring compliance with international tax laws.

Facilitating smoother international business operations.

What is the purpose of Tax Residency Certificate?

TRC for Domestic Tax Purposes

TRC for Treaty Tax Purposes

Eligibility for TRC

For Individuals:

Must reside in the UAE for at least 183 days within the calendar year.

Have a valid UAE residence visa.

For Companies:

Must be registered and operating within the UAE for at least one year.

Have a physical office space (virtual offices or offshore companies are not eligible).

Obtaining a Tax Residency Certificate in the UAE is a valuable step for individuals and businesses engaged in international operations. By ensuring proper documentation and compliance with the process, you can leverage the UAE’s favorable tax treaties to optimize your tax position.

For seamless TRC applications, expert assistance from firms like Xact Auditing ensures accuracy, compliance, and peace of mind.

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A Tax Residency Certificate for domestic tax purposes in the UAE is essential for confirming an individual or company’s tax status and obligations within the country. The Federal Tax Authority (FTA) issues these certificates to individuals and business to establish tax residency in line with local tax regulations and benefits.

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Xact Auditing is offering best corporate tax services in UAE covering corporate tax registration, corporate tax filing, corporate tax assessment, corporate tax deregistration, corporate tax optimization and transfer pricing in UAE.

As part of its efforts to diversify revenue sources beyond oil and strengthen its position as a global business hub, the UAE introduced a Corporate Tax (CT) starting June 1, 2023. This new tax system applies to both domestic and foreign businesses operating within the UAE.

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Choosing the right accounting firm can make a significant difference in your business’s success. With Xact Accounting, you get the best accounting services in the UAE, tailored to your unique business needs. Our proven track record, expert team, and commitment to your success make us the ideal partner for your business.

Don’t settle for less—choose Xact Accounting and experience the difference of working with the best accounting firm in the UAE. Contact us today to learn how we can help your business thrive.

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Navigating the dynamic business environment of hashtag#Dubai requires precise hashtag#financial management, especially for startups and small hashtag#businesses aiming to establish themselves in the market. At Xact, we specialize in offering tailored and affordable hashtag#accounting services in Dubai that cater to the unique needs of emerging and growing businesses in the hashtag#UAE. Let us handle your accounting and tax needs while you focus on growing your business. 🌟 📍 Visit us at Level 14, Boulevard Plaza, Tower One, Sheikh Mohammad Bin Rashid Boulevard, Downtown, Dubai, UAE 📞 Call us at +971 56 733 9818 📧 Email us at info@xactauditing.ae 🌐 Learn more at xactauditing.ae

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Xact Auditing is one of the DDA approved auditors and offering best and reliable DDA audit report services. Deadline is June 30, 2024. Email us: info@xactauditing.ae

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Financial Audit Report for IFZA are mandatory to submit to IFZA by all the companies having a license from IFZA. It’s crucial for companies registered with IFZA to grasp the mandatory audit requirements and adhere to them to prevent any possible repercussions or issues during the license renewal phase.

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Liquidation audit report for Meydan Free Zone is mandatory to submit by all the companies who want to close their license in Meydan. Xact Auditing is offering liquidation report services for Meydan free zone companies in UAE. Xact is approved audit firm by Medyan Free Zone.