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US Tax Treaties related Questions

What is a tax treaty?

Tax treaties are what many countries have in place as an agreement with other countries to help prevent the double taxation that may happen. In most cases when a tax treaty is set in place it will cover income taxes, inheritance tax, value added tax, and other types of taxes. Tax treaties also help to lower the cost of taxes on a certain treaty country for residents of another treaty country. Read below to find more questions about tax treaties that have been answered by the Experts.

Would a US resident have to pay taxes in the country where they earn money or would the money pass through a tax treaty?

In most cases the way the money would be taxed would depend on if the person was a US citizen or a resident alien. If they are a US citizen, then the tax treaty would have no bearing on the US or foreign money. If the person is a resident alien, then the tax treaty would step in and determine if the income is taxable. In most cases the country that the money is earned in is the country that would tax the money.

Does Monaco have Double Taxation Agreements?

Case Details: If a person starts a business in one country and invoices in other countries, would the invoices be taxed in the other countries?

Monaco has been trying to push for tax treaties with other countries. The treaties that are currently in place do not cover the double taxation. The country of Monaco does have a tax treaty with France, Luxembourg, and Qatar. In most cases the countries that are in treaties will tax the money at the source.

Does the US have a current Tax Treaty with the Marshall Islands ?

Case Details: Particularly a treaty precluding US investors from having Foreign Income Tax Withheld from their dividends paid by companies incorporated in the Marshall Islands

When it comes to Double Taxation Treaties, the Government of Marshall Islands has not signed any tax treaties with any other countries. If a company is located in the Marshall Islands, they are not required to withhold taxes for the US. Companies that are in the Marshall Islands do not pay taxes and they are also not required to keep financial statements, but the company is generally asked to keep the financial records on their earnings and expenses.

If an Argentine citizen is working in Mexico for a company that is based in California, would the person need to file taxes in the US?

If the company is based in the state of California and has retained the person for them, even if they have not worked in the US in several years, they will still be required to file a 104NR. The United States has tax treaties with several countries. If the person is a nonresident alien, then the tax treaties may reduce their tax liability. The income of the person would need to turn the income into the IRS to find out if they are tax exempt or would be eligible for a reduced tax.

Tax treaties are a way to help foreign countries not assume a higher tax when working in other countries. When a person has income in another country, then they may have questions regarding what countries have tax treaties or what countries will honor tax treaties. When these questions arise, then the person would need to contact an Expert and get the answers to the questions they may have about tax treaties.

Ask a Tax Professional

Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: General
Satisfied Customers: 570
Experience:  10 years experience
16356563
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Recent Treaties Questions

  • Hi, I am a UK citizen and resident who is treated as a US resident

    Hi, I am a UK citizen and resident who is treated as a US resident under the Substantial Presence Test. I am completing Form 8833 to claim exemption from US tax on my UK source income and it is clear that my accountant has not completed the form fully. I have 2 questions: First, as my income is less than $100,000, is Form 8833 necessary, and second, I am relying on Article 4 - Fiscal Residence based upon the existence of a permanent home in the UK, but my accountant has left blank Questions 2 and 4, whereas I believe he should have quoted the IRS provision overruled or modified by the treaty position - Could you please tell me what should appear in box 2, and whether I should also fill in box 4? .
  • Hi - I'm a non-resident alien with 401K and IRA in the USA.

    Hi - I'm a non-resident alien with 401K and IRA in the USA. Will be there any Tax Withholding in the USA if I withdraw the money and transfer to Romania where I'm a tax resident?
  • I'm citizen of Belarus.I was Swiss resident in Sep

    I'm citizen of Belarus. I was Swiss resident in Sep 2010-Aug 2012 when I was paying pillar 1 & 2 pension contributions. Then moved to Belarus. I withdrew Swiss pensions: Pillar 1 (USD ~3.5k) and Pillar 2a (USD ~30k) in March (tax paid to Switzerland). In Oct 2013 moved to California and have an option to be a full year resident (H1B + first year choice). This is beneficial to me (family, 2 kids, standard deductions, lower tax brackets as married filed jointly) if I don't have to pay taxes for Swiss pension in US.

    If I execute First Year Choice to be a full year resident + filing married jointly in 2013, how these pensions are taxed on federal and CA state return? (Pillar 1 is covered with US Swiss pension tax treaty, not sure about Pillar2 - paragraph 'b' is unclear to me)

    Different sources say different info. Most say this is nonqualified plan and need to be taxed on contributions (employee + employer) + dividents. My current local tax adviser (probably not experienced with Swiss expats) is saying this is taxed fully as income and I can take foreign tax credit).

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