Last updated 2026-06-27

Residence Country

The residence country is the country where an investor is legally domiciled for tax purposes. It is the country that issues the certificate of tax residence required for WHT reclaims. Most countries tax their residents on worldwide income but allow a credit or exemption for taxes paid abroad under DTT provisions.

Tax residence is determined by domestic law in each country — usually based on permanent home, centre of vital interests, or habitual abode. An investor can only be tax-resident in one country at a time for treaty purposes. The residence country's treaty with the source country determines the applicable reduced WHT rate the investor can claim.