The UAE Federal Tax Authority (FTA) has recently released a comprehensive Corporate Tax Guide on Tax Residency and the Tax Residency Certificate (hereinafter referred to as 鈥楪uide鈥�).
The Guide offers valuable insight into the criteria for determining when an individual or legal entity qualifies as a Resident Person under the UAE Corporate Tax (CT) law or as a Tax Resident for the purposes of UAE domestic tax law and the Double Taxation Avoidance Agreements (DTA). Additionally, the Guide also provides a detailed overview of the procedure for obtaining a Tax Residency Certificate (TRC).
In light of the Guide, being a Resident Person for the purposes of Corporate Tax is distinct from being a Tax Resident of the UAE under domestic laws or under the applicable DTA. Below are the key observations into these distinctions and their implications.
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