Tax Residency Certificate In Uae With Fanavi Consultancy
Who Needs a Tax Residency Certificate in the UAE?
A tax residency certificate by individuals and companies who need to prove their tax residency status in the UAE. It includes the following:
Individuals who are residents of the UAE are required to file tax returns in the UAE.
Companies incorporated in the UAE are subject to corporate income tax.
Businesses with foreign shareholders incorporated in the UAE must apply for tax benefits under double tax treaties.
People and businesses must provide tax authorities proof of their UAE tax residence status.
Requirements for Obtaining a Tax Residency Certificate in the UAE:
Individuals and businesses must fulfill the requirements to obtain a tax residency certificate in the UAE. These requirements vary depending on the type of entity applying for the TRC. The following are the general requirements:
A valid trade license or residence visa in the UAE.
Proof of income generated in the UAE, such as bank statements or employment contracts.
A tax residency certificate from the country of origin, if applicable.
Proof of payment of any taxes due in the UAE.
A completed application from the FTA website.
A copy of the applicant’s passport or national ID.
Steps for Obtaining a Tax Residency Certificate in the UAE:
The process for obtaining a tax residency certificate in the UAE involves the following steps:
Step 1: Register for a Tax Account with the FTA
Individuals and companies must first register for a tax account with the FTA before they can apply for a tax residency certificate. They visit the FTA website and complete the registration process.
Step 2: Complete the Application Form
The application form requires the applicant to provide personal and business information and details of income generated in the UAE.
Step 3: Gather Required Documents
Individuals and companies must gather all the required documents before submitting the application form to the FTA. It includes proof of income generated in the UAE, a valid trade license, or a residence visa. It has a tax residency certificate from the country of origin applicable.
Step 4: Submit the Application Form and Required Documents to the FTA
Individuals and companies can submit the completed application form and required documents to the FTA online through the FTA website. The FTA will review the application and may request additional information if necessary.
Step 5: Pay the Required Fees
Once the application is approved, individuals and companies must pay the required fees to obtain the tax residency certificate. The money varies depending on the type of entity applying for the TRC.
Step 6: Collect the Tax Residency Certificate
The FTA will issue the tax residency certificate once the fees get paid. Individuals and companies can collect the TRC in person or deliver it to their registered address.
Validity and Renewal of Tax Residency Certificate in the UAE:
The tax residency certificate in the UAE is valid for one year from the date of issuance. After that, individuals and companies must renew their TRC.
Renewal of Tax Residency Certificate in the UAE:
To renew a tax residency certificate in the UAE, individuals and companies must follow a similar process as applying for a new TRC. The following are the steps for renewing a tax residency certificate:
Step 1: Check the Expiry Date of the Current TRC
Individuals and companies must check the expiry date of their current tax residency certificate to ensure that they renew it before it expires. The TRC is valid for one year from the date of issuance.
Step 2: Update the Application Form
Individuals and companies must update the application form with any personal or business information since the last application.
Step 3: Gather Required Documents
Individuals and companies must gather the required documents, which include proof of income generated in the UAE. It has a valid trade license or residence visa and a tax residency certificate from the country applicable.
Step 4: Submit the Application Form and Required Documents to the FTA
Individuals and companies can submit the completed application form. It required documents to the FTA in person or online through the FTA website.
Step 5: Pay the Required Fees
Once the application is approved, individuals and companies must pay the required fees to renew the tax residency certificate. The money varies depending on the type of entity applying for the TRC.
Step 6: Collect the Renewed Tax Residency Certificate
The FTA will issue the renewed tax residency certificate once the fees get paid. Individuals and companies can collect the renewed TRC in person or at their registered address.