Ticker tape by TradingView
Leaving Dubai
- Thread starter sriracha
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It's just an additional document to prove tax residence.
For example, Andorra, Monaco (because of small size of country) almost don't have double tax treaties with any countries, but residents are still able to prove tax residences there despite lack of double tax treaty.
In case of fraudulent residence, even the double tax treaty won't help you...
For example, Andorra, Monaco (because of small size of country) almost don't have double tax treaties with any countries, but residents are still able to prove tax residences there despite lack of double tax treaty.
In case of fraudulent residence, even the double tax treaty won't help you...
Three months ago it was not possible to get it (EU country with DTA written for UAE nationals only) and the person spent more than 183 days in UAE.
Basically it doesn't matter what lawyers say, you can check at the source if you're eligible or not with starting the procedure here: Issuance of Tax Residency Certificate (TRC)
Basically it doesn't matter what lawyers say, you can check at the source if you're eligible or not with starting the procedure here: Issuance of Tax Residency Certificate (TRC)
It's not crazy, it's just that leaving your country is the first mandatory step before doing anything. And leaving your country means taking your family with you.
An example: a soccer player went to play in the UAE for 3 years leaving his familiy in a EU country where he was resident, he moved residency to dubai, stayed most of the time in Dubai and when he came back the tax authority claimed that he was still considered resident in that country as his family never moved and︀ thus it's center of interesr was italy especially since the UAE has no tax. Litigation︁ is ongoing.
A TRC is especially useful when you go back to your country and︂ move money into your home country, to prove your residency in the UAE, but the︃ main thing you have to prove is that you weren't triggering residence in your home︄ country. Exiting properly is fundamental.
An example: a soccer player went to play in the UAE for 3 years leaving his familiy in a EU country where he was resident, he moved residency to dubai, stayed most of the time in Dubai and when he came back the tax authority claimed that he was still considered resident in that country as his family never moved and︀ thus it's center of interesr was italy especially since the UAE has no tax. Litigation︁ is ongoing.
A TRC is especially useful when you go back to your country and︂ move money into your home country, to prove your residency in the UAE, but the︃ main thing you have to prove is that you weren't triggering residence in your home︄ country. Exiting properly is fundamental.
In that case, person was without real︃ estate or family in country of citizenship, but employed in UAE. For that year it︄ was considered tax resident at home as no TRC = no tax non-residency at home.︅ That is called nonsense, as home country that signed DTA for UAE nationals only, requests︆ mandatory TRC for UAE resident (that you can't get it).
Tax exile is a different︇ beast, you already know what you want to achieve, have wealth or high income and︈ you can plan your exit properly before moving abroad.
Tax exile is a different︇ beast, you already know what you want to achieve, have wealth or high income and︈ you can plan your exit properly before moving abroad.
Again, this is correct behavior of the tax authority,︀ there are rules and you must know the rules. Basically your friend did two things︁ wrong:
1) didn't exit his country properly -> every country has a different process but︂ you must flag yourself as non resident, losing some rights, like free healthcare
2) didn't︃ check DTA between his country and UAE
Since he didn't do number 1, even with︄ a TRC the tax authority could potentially say that you were still resident in the︅ country and thus you have to pay taxes. Usually under a certain threshold, tax authorities︆ don't proceed, but that varies by country,
1) didn't exit his country properly -> every country has a different process but︂ you must flag yourself as non resident, losing some rights, like free healthcare
2) didn't︃ check DTA between his country and UAE
Since he didn't do number 1, even with︄ a TRC the tax authority could potentially say that you were still resident in the︅ country and thus you have to pay taxes. Usually under a certain threshold, tax authorities︆ don't proceed, but that varies by country,
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