Tax obligations in any country are determined by an individual's or entity's residential status. However, the taxation of income depends on both the source and residency rules, which can vary significantly between countries. When income is subject to taxation under both sets of rules, double taxation can occur. In such cases, the Double Taxation Avoidance Agreement (DTAA) and the Tax Residency Certificate (TRC) become crucial.
In discussions about foreign or double taxation, the first document your advisor will typically request is the TRC, also known as a Tax Residency Certificate or tax domicile certificate. At K K Reddy & Associates, we offer specialized services to assist with obtaining and managing TRCs, ensuring compliance and effective resolution of double taxation issues.