A Real Example of Applying a Tax Treaty in practice & how tax treaties might apply to you

[@thedcrypted]

Great explanation of a complicated yet critical issue

[@MichaelRosmer]

Thanks!

[@GinoFerreri]

According to some expat FB groups, people who moved to Portugal are complaining that the Portuguese government is charging their income at 28%. They say they have to pay tax then fight in court for a refund. That's ridiculous!

[@OffshoreCitizen]

You'd have 28% for partnership income or capital gains

[@GinoFerreri]

@@OffshoreCitizen According to a Portuguese accountant you'd pay 10% on your social security, pension, and retirement account(s). Is it true?

[@saradarv1161]

I can’t find the answer to this question anywhere- what is the tax treaty article number for a Canadian resident applying for an ITIN to claim a tax treaty benefit? I’m filling out the W-7 form.

[@khan200us]

Which country has the lowest withholding taxes on US Sourced dividends? You said in the video 10% or 5 % tax through the treaty. Can u please mention those countries with 5% under the treaty(for academic purpose). They don't allow treaty shopping anyway.

[@wuhan2232]

Hongkong

[@dantyaguilar7268]

Hello, I am filling out a form W-8BEN for a client who is a non resident alien of the US. She is a Mexican citizen who inherited IRA distributions. I been reading most tax treaties provide that IRA distributions are exempt from withholding tax but I cannot find that information in the actual Tax Treaty document. Could you let me know if there is in fact an exemption for this client? If so what would be the provision of Article and paragraph?

[@rosem4741]

What about buisness income, I a Canadian citizen who became a non resident of Canada Jan 1 2023 and moved to US, got married in July. Most my income is from the US except one small income from Canada aprox 4,500 and got a T4A NR slip, do I have to file a return in Canada for that income or just file world income in US and pay the tax in the US? Someone mentioned to file a nil return in Canada and claim that Canadian income in the US. No tax was witheld from this self employment in Canada, it was an online thing that a Canadian company paid me for

[@VERTICALWisdom]

Good content on income structure taxation. Would like to find a video on company structure options . US person forms - offshore company. The offshore company generates revenues (significant amounts) is offshore company taxed by US knowing the US person taxed on those revenues or only the compensation from the offshore company?

[@MichaelRosmer]

Good questions and it depends on an array of factors such as the type of income, assets of the offshore company, where operations take place and some other factors. I'll see if I can do some other videos on real scenarios.

[@aliaboujabalvelasquez6353]

Hi there, i have been trying to schdule a call with you thru clarity and off shore citizen, tried to pay the 350 with card. Then with PayPal, but coudnt. Is there anyway you can help me?

[@OffshoreCitizen]

Hey, please send us a message through our website and we’ll guide you how to make a payment.

[@aliaboujabalvelasquez6353]

@@OffshoreCitizen hi, I messaged you already. Thank you

[@roamingalone5226]

It is interesting youtuber always asked people to subscribe and hit the notification bell when their content has NOT even been started and people cannot even judge if that was a good content or not.

[@OffshoreCitizen]

You're welcome to wait and judge for yourself but KZbinrs do what works