Did you know that tax treaties between countries can lower your tax bill? This guide explains how tax treaties work and how to benefit from them.
What is a Tax Treaty? Tax treaties are agreements between countries to prevent double taxation. They can:
Lower withholding rates on FDAP income.
Provide exemptions for certain types of income.
How to Claim Benefits To use a tax treaty, you need to:
Prove residency in a treaty country.
Submit the right forms, like Form 8233 or W-8BEN.
Why Tax Treaties Matter
Without a treaty, you might pay more tax than necessary. Understanding these agreements can save you thousands.
Let Us Help You At Arc&Ledger, we help nonresidents navigate tax treaties and maximize savings. Reach out today for personalized advice.
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