A tax treaty is an agreement between two countries that specifies how each country will tax individuals and businesses who reside in the other country.
Tax treaties are intended to prevent double taxation, which occurs when an individual or business is taxed twice on the same income in two different countries. Tax treaties typically specify which country has the right to tax various types of income, and at what rate, in order to avoid double taxation. They may also include provisions to prevent tax evasion and to assist in tax collection.
A CPA must be well-versed in the tax treaty that applies to you in order for your tax return to be properly prepared and you to avoid unpleasant surprises.
Expats Overseas has a large network of CPAs with the necessary qualifications, experience, and cost-effective services. Contact us for a free and no-obligation discussion of your options.
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