Tax Residency Certificate
Tax Residency Certificate (TRC) into the tax provisions thereby making it mandatory for every non-resident seeking to avail themselves of the tax treaty benefits, to obtain a certificate from the Government of the country in which such person is a resident for evidencing such person’s residency in that country.
- Avoidance of Double Taxation
- It can show the status of an individual or corporate in the country.
- An individual can avoid Income Tax.
- It can remove the huddles of tax for import and export.
- It can promote international business and it will strengthen the relationship between countries.
- Both individual and corporate can apply for the certificate
- Individuals and corporates can have a separate certificate for specific countries.