Best Auditing & Accounting Company Dubai
TAX RESIDENCY
ADVISORY
Tax residence simply refers to the legal and physical foundations on which tax is calculated based on a country’s laws. Tax residency is specifically important for companies that are involved in cross-border transactions because they have to avoid double taxation via double tax avoidance agreements.
The legal evidence of tax residency for a company is a tax residency certificate. A tax residency certificate is a document that is issued by the tax authority of a county to those companies that stick to the tax regulations set by the authority and local income tax law. TRC is also one of the prerequisites for reaping the benefits of a double taxation avoidance agreement.
Tax residency is crucial for individuals and companies and requires in-depth knowledge of complicated DTAA contracts. At synergy auditing, we have experts with in-depth knowledge of DTAA and TRC. We assist our clients with tax advisory-related matters and help them obtain the TRC and guide them in the following matters:
- Guidance on residency and its impacts on the people under UAE, GCC and Egypt income tax laws.
- Guidance on residency and its impacts on the business bodies under UAE, GCC and Egypt income tax laws.
- Review documents required for TRC.
- Help in filing applications to the related tax department for TRC.
- Addressing questions put forward by the tax department.
- Help in getting TRC from the tax department.