Accounting

Tax Residency Certificate

TAX RESIDENCY

In order to reduce withholding tax on one’s foreign income, businesses can apply for tax residency certificates in UAE.

UAE Ministry of Finance had in September 2022 vide cabinet Decision 85 of 2022 specified conditions for determining the tax residency of both Juridical and natural Persons effective 1st March 2023. This was followed by Ministerial decision no 27 of 2023 on Implementation of certain provisions of aforesaid Cabinet Decision relating to rules for the determination of tax residency for a natural person.

The requirements for obtaining a Tax Residency certificate in UAE for juridical persons and natural persons differ which has been clearly defined in the above releases. Please get in touch with us for any of your requirement related to tax residency.