tax residence and non-residency determination
Tax residence and non-residency determination refers to the process of identifying whether an individual or entity qualifies as a resident or non-resident for tax purposes in a particular jurisdiction. This determination is based on various factors, such as the individual's physical presence, permanent home, economic ties, and intention to reside in the specific jurisdiction. The outcome of this determination has significant implications for tax obligations, including the individual's liability to pay taxes and the extent of taxable income in that jurisdiction.
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