Tax Residency Certificate Services UAE

WHAT IS TAX RESIDENCY CERTIFICATE?

In the UAE, the Tax Residency Certificate is an official document issued by the Ministry of Finance. The country has entered into tax treaties with 55 nations to prevent double taxation. This certificate serves as confirmation that an individual or company is a resident of a specific country, allowing them to avoid double taxation. It is granted to companies already registered in the UAE or individuals holding a residency visa. Individuals who have resided in the UAE for over 180 days are eligible for a tax residency certificate. Additionally, we offer top-notch business setup consultancy services in Dubai.

Companies in the UAE can leverage the benefits of double taxation avoidance, thanks to the numerous double tax treaties signed by the UAE with countries worldwide. These bilateral agreements protect the interests of foreign investors and companies from taxable jurisdictions. However, offshore companies, not covered by the tax treaties in the UAE, cannot obtain a tax residency certificate. Instead, they can acquire tax exemption certificates, as UAE regulations only permit companies to be tax-exempt.

To apply for a tax residency certificate in the UAE, businesses must follow specific procedures. Upon submission of the required documents with the application, the certificate is typically issued within two months. However, companies must have been operating in the UAE for a minimum of three years before applying for the Tax Residency Certificate. Additionally, we offer comprehensive solutions for auditing and forensic auditing services.

DOCUMENTS REQUIRED FOR TAX RESIDENCY CERTIFICATE

The documentation requirements for applying for a TAX RESIDENCY CERTIFICATE vary based on two types of entities: companies and individuals.

For Companies

All company-related documents, including a letter from the company, a copy of tenancy contracts and EJARI, shareholder passport copy, visa page, and ID copy, along with audited financial statements, are required for the application. The government fees for this process are estimated to be approximately AED 5,000.00.

For Individuals

A copy of the passport and visa page, along with the Emirates ID, indicating the person’s stay duration in Dubai and the number of days spent in the UAE, is required. Additionally, tenancy contracts and EJARI, a source of income or salary certificate, audited financial statements, and government fees estimated at approximately AED 2,000.00 are necessary for the application.

Process of Obtaining The Tax Residency Certificate

Set up an account on the UAE Federal Tax Authority portal for account payables.
Complete the application form thoroughly.
Upload the necessary documents in either JPEG or PDF format.
The submitted documents and application will undergo verification, and upon meeting the criteria, you will receive a confirmation email.
Follow the instructions in the confirmation email to settle the remaining fees through the system.
After payment confirmation, the certificate will be dispatched to you via express courier.

Benefits Of UAE Tax Residency Certificate

Benefits Of UAE Tax Residency Certificate
Both companies and individuals are issued distinct UAE Tax Residency Certificates, providing coverage for income at both the corporate and individual levels.
It affirms a company’s legal standing in the UAE.
Corporations and individuals are eligible for multiple certifications.

Why Choose Mubarak Al Ketbi Chartered Accountants?

Receiving professional tax advice and guidance in accordance with tax regulations is crucial for effective governance of your company. A well-formulated tax strategy offers an impartial overview of the business model and external factors.

MAK welcomes any services related to the Certificate of Fiscal Residence, Tax Residency Certificate in Dubai, or Tax Domicile Certificate. Our expert staff simplifies the process by handling relevant subjects, documents, and certifications to ensure the timely completion of the Tax Residency Certificate procedure in Dubai, UAE.

Furthermore, we offer reliable and innovative solutions for all your requirements, including accounting, bookkeeping, auditing, and other services.

For a meaningful discussion on the Tax Residency Certificate in UAE, feel free to connect with our accountants.

FAQs on Tax Residency Certificate Services UAE

When can I claim a VAT adjustment for bad debt?

You can claim the adjustment if you’ve issued a proper tax invoice, paid VAT to FTA, written off the receivable in your books, waited six months from the supply date, and notified the customer.

What evidence must I keep for a bad debt VAT claim?

You must keep: • Tax invoices • Proof of VAT payment • Accounting records showing the write-off • Copies of communication with the customer

How do I report the VAT adjustment in my return?

Use the adjustment column in Box 1 of your VAT return for each relevant emirate. Enter the VAT amount you want to reclaim.

What if the customer pays after I’ve claimed bad debt relief?

If the customer later pays, you must declare the VAT for that payment in your next VAT return.

How can Mubarak Al Ketbi (MAK) Auditing help with bad debt VAT adjustments?

We check your eligibility, review your records, prepare your VAT return, and make sure you follow every law to reclaim your VAT with no headaches.