Tax & Accounting Blog

Residency for Tax Treaty Purposes for Individuals Part 2: Eligibility for Treaty Benefits

Residency for Tax Treaty Purposes for Individuals Part 2: Eligibility for Treaty Benefits

Eligibility for tax treaty benefits in the first instance is based on an individual’s tax residency status (not citizenship) in the treaty country. The timing of tax residency in the treaty country varies with the treaty article providing the benefit. Most treaty benefits require an individual to be a tax resident of the treaty country at the … Read More

Excelling at Tax Data Management: Roundtable Discussions

Excelling at Tax Data Management: Roundtable Discussions

Your job depends on collecting and reporting on accurate data , but how do you achieve this? With evolving tax regulations and organizational changes, it can be challenging to not only manage volumes of tax data, but also to adopt a strategy that works best for your company. Some use a trial and error system, while others … Read More

Residency for Treaty Purposes for Individuals – Part 1

Residency for Treaty Purposes for Individuals – Part 1

The United States has income tax treaties with over 60 countries for the primary purpose of avoiding double taxation. Double taxation occurs when an individual’s country of residence (or citizenship, in the case of U.S. citizens) taxes an individual on worldwide income and the country where income is derived also taxes the individual’s income, typically by … Read More