Legal Residence

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Legal Residence

The place of domicile—the permanent dwelling—to which a person intends to return despite temporary abodes elsewhere or momentary absences.

A person can have several transitory residences, but is deemed to have only one legal residence.

See: address
References in periodicals archive ?
Despite this, AOI did not have tax residency in the United States, because, said Lyn Oates, professor of tax and accounting at the University of Exeter Business School in the UK, the United States determines tax residence on the place of incorporation only.
The Consultation Paper that the Government published last week suggests that one reason for the change in the tax residence rules is that international travel is becoming easier.
The new rules concerning tax residence certificate (TRC) specifies the way non-residents should submit TRCs in order to claim reliefs under tax treaties signed with concerned countries.
The new treaty allows for the two tax authorities to come to a 'mutual agreement' to determine which state has the first right to tax by virtue of its tax residence.
Apple declares no tax residence so pays no corporation or capital gains tax.
There is no intention to move the tax residence of Ferrari S.
Another relates to establishing the real tax residence of companies of Russian interests incorporated in foreign countries, which are required to demonstrate that they are effectively operating in the countries where they are registered, as opposed to being so-called mailbox companies.
If successful, Shire shareholders will end up owning approximately 25% of the new consolidated company, which is above the 20% threshold needed to pursue an "inversion", whereby a company changes its tax residence through acquisition.
Roy-Chowdhury said Apple could continue its operations largely unchanged by nominating as its tax residence Bermuda or another jurisdiction that does not charge corporate income tax.
Gulf News asked HM Treasury officials for details regarding the new definition of residency and was told that the primary reason behind the push for a new definition is that "the UK does not have a full statutory definition of tax residence.
The order stated that Quattrocchi was living in India for a considerable time and the issue about his tax residence status should have been verified.
In a survey covering 50 of Britain's largest businesses, the percentage actively considering moving their tax residence out of the UK went from six per cent in 2007 to 14 per cent in 2008 - 16 percent if a respondent who had already left was included.