Tax for non US resident

[arzoo]

how does taxation go for non US citizen living outside the US. I filled out the w8ben form, and if I understand correctly I do not need to pay taxes in the US, but in my home country.

Is this correct?

 

[metooxx]

Correct.

 

[wally_]

Are all countries in the same situation, or only those for which there are some additional tax treaties about avoiding double taxation?

 

[Ninja]

Originally posted by arzoo
how does taxation go for non US citizen living outside the US. I filled out the w8ben form, and if I understand correctly I do not need to pay taxes in the US, but in my home country.

Is this correct?

This is correct in most cases. However it would not be a disadvantage to reveal which foreign country do you have in mind.

 

[wally_]

How about the so-called Eastern Europe, which actually is more like Central Europe, and by that I mean the countries of the former Soviet block such as Poland, the Czeck Republic, and Slovakia.

I am mainly interested in Poland, but would also like to know how these things are resolved in the other two countries.

 

[DT-waw]

wally
Here's a link about polish tax treaties about avoiding double taxation: http://akson.sgh.waw.pl/sknpp/ustawy/umowy.html
> Stany Zjednoczone > Artykul 14.

A book about this topic http://zakupy.onet.pl/,363,produkt....d.pl/php/ksiazki/detale.php3?pp=301&id=512598

Poland is in OECD ( Organization for Economic Cooperation and Development ) with United States and many Western Europe countries. I dont't know how its resolved in countries like Slovakia...

 

[Lightningsmurf]

You make taxable gains in the US,

Are a citizen of country A

but are a resident of country B.

Where do you pay taxes?

 

[DT-waw]

Originally posted by Lightningsmurf
You make taxable gains in the US,

Are a citizen of country A

but are a resident of country B.

Where do you pay taxes?

I think the key issue in taxation is residency.

 

[def]

Originally posted by Lightningsmurf
You make taxable gains in the US,

Are a citizen of country A

but are a resident of country B.

Where do you pay taxes?

If you are a US citizen you get the privilege to pay US taxes wherever you reside. You may also be liable to B depending on the local laws (places like HK do not have a capital gains tax).

For most other counties (there are a few exceptions) you would only be liable to the resident country.

 

[chs245]

Originally posted by arzoo
how does taxation go for non US citizen living outside the US. I filled out the w8ben form, and if I understand correctly I do not need to pay taxes in the US, but in my home country.

Is this correct?

Check this link for some serious information:
http://www.greencompany.com/nonresidenttraders.htm

The key is whether you trade as a prop trader through a US based partnership, or wherther you are a retail trader.
Oliver