What are the tax residency requirements for individuals?

What are the tax residency requirements for individuals?

Tax residency requirements vary by country, but generally, you may be considered a tax resident if you spend a certain number of days in a country or have a permanent home there.

How many days do I need to stay in a country to be considered a tax resident?

In many countries, the threshold is often 183 days in a calendar year, but it can vary. It's best to check the specific rules for the country you're interested in.

What if I have homes in multiple countries?

If you have homes in multiple countries, you may need to consider factors like your primary residence, where you spend most of your time, and any tax treaties that may apply.

Can I be a tax resident in more than one country?

Yes, it's possible to be a tax resident in more than one country, which can lead to double taxation. You may need to consult a tax professional to navigate this.