Double Taxation Agreement’s Post

Do you know how to avoid double taxation on your income and assets? If you are a South African tax resident and reside abroad, you may be subject to tax in both South Africa and the country where you earn income or hold assets. This can result in a significant tax burden and reduce your financial net worth. Whether you need to end your tax residency, claim foreign tax credits, manage your expatriate payroll, or deal with DTA relief claims, our highly specialised tax attorneys can assist by providing you with a tailored end-to-end tax solution. Get in touch with us today! https://bit.ly/47SrC0Q #DTA #TaxResidency #TaxCompliance #DoubleTax

With expert insights and practical advice, we help you understand the tax implications of emigration and minimise your tax liabilities. Don't overlook the complexities of expat taxation - read our blog post and plan your financial future with confidence! https://lnkd.in/dGbXq3M6 0861 528 482 info@latitaafrica.com #TaxAdvice #LatitaAfrica

Living in the UK does not automatically change your tax residency or remove your tax liability with SARS. To cease tax residency in South Africa, a formal application and understanding of the Double Tax Agreement are required. Properly managing this can prevent double taxation and eliminate or reduce your tax liabilities in South Africa. Read the full article for comprehensive guidance. https://bit.ly/3LUxiOz #TaxResidency #DoubleTaxation #SARS #UKTax #SouthAfrica #TaxObligations #Expats

Are you moving to the UK or have relocated here recently? Please read our Article below. Under the foreign income and gains (FIG) regime, new non-doms arriving in the UK can elect for foreign income and gains to be exempt from UK tax, regardless of whether the income or gains are brought to the UK. This regime will only be available in the first four years of UK tax residence, so it's important to have a plan in place to see the full benefits 📒 Experts from Mazars in the UK explore more ➡ http://maza.rs/6043c7pZS #Tax #NonDom #UKEconomy

[ Offshore Tax ] Exploring the CSG and CRDS: France’s Social Contributions. In 2019, the United States and the French Republic memorialized an understanding through diplomatic communications. This understanding stated that the French Contribution Sociale Generalisee (CSG) and Contribution au Remboursement de la Dette Sociale (CRDS) taxes are not social taxes covered by the Agreement on Social Security between the two countries. Accordingly, the IRS will not challenge foreign tax credits for CSG and CRDS payments on the basis that the Agreement on Social Security applies to these taxes. The IRS’s change in policy means individual taxpayers who paid or accrued these taxes, but did not claim them, can file amended returns to claim a foreign tax credit. #USFranceTaxAgreement #ForeignTaxCredit #CSGandCRDS #TaxUnderstanding #InternationalTaxation #TaxCompliance #TaxCredits #IRSUpdate #TaxPolicy #DiplomaticRelations #TaxationAgreement #CrossBorderTax #TaxationUpdates #SocialSecurity #TaxReforms #TaxpayerBenefits #AmendedReturns #GlobalTaxation #TaxChanges #InternationalRelations

[ Offshore Tax ] Exploring the CSG and CRDS: France’s Social Contributions. With Hervé Israel and Derren Joseph EA #USFranceTaxAgreement #ForeignTaxCredit #CSGandCRDS #TaxUnderstanding #InternationalTaxation #TaxCompliance #TaxCredits #IRSUpdate #TaxPolicy #DiplomaticRelations #TaxationAgreement #CrossBorderTax #TaxationUpdates #SocialSecurity #TaxReforms #TaxpayerBenefits #AmendedReturns #GlobalTaxation #TaxChanges #InternationalRelations

[ Offshore Tax ] Exploring the CSG and CRDS: France’s Social Contributions. With Hervé Israel and Derren Joseph EA #USFranceTaxAgreement #ForeignTaxCredit #CSGandCRDS #TaxUnderstanding #InternationalTaxation #TaxCompliance #TaxCredits #IRSUpdate #TaxPolicy #DiplomaticRelations #TaxationAgreement #CrossBorderTax #TaxationUpdates #SocialSecurity #TaxReforms #TaxpayerBenefits #AmendedReturns #GlobalTaxation #TaxChanges #InternationalRelations

Are you an American living abroad? Good news! You can take advantage of tax benefits and avoid double taxation. Here's how: ✅ Use the Foreign Earned Income Exclusion (FEIE) to exclude income from US taxation. ✅ Claim the Foreign Housing Exclusion or Deduction to reduce living expenses. ✅ Offset tax paid to other countries with the Foreign Tax Credit (FTC). ✅ Utilize Tax Treaty Benefits to exclude additional income from US taxation. #Expats #TaxBenefits #FEIE #FinancialFreedom #LiveAbroad #USExpats

When working on expat taxes we consider both the client’s UK tax residence position and their domicile. This affects whether someone pays UK tax on their global income or potentially just their UK income. It’s vital to get this right, maximising tax efficiency. Laura Sant talks through the options and the Foreign Income and Gains Scheme (FIGS) rules indicated in the recent Budget here: https://buff.ly/450Y4xg We provide tax compliance services to UK expats living abroad, UK residents with complex tax affairs, foreign citizens who've moved to the UK and general UK tax services. Contact us on +44 330 165 5340 or email clientservices@lsrpartners.com UK tax clarity for global clients - Pay the right tax to the right place at the right time. #expattax #internationaltax #uktax #domicile #hmrc

Anna Crowley offers valuable insights into why #Ireland may be able to maintain its business-friendly reputation, even after raising its #corporatetax rate to 15% in 2024. Read it for #free, only at IBFD and IBFD Americas. And, #dm me if you are interested in writing a similar piece on current issues in #internationaltaxation-- we are always looking for insightful pieces.