Tax for non US resident

Originally posted by 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.
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Wally,
both Slovakia and Czech Rep. have double taxation treaties with US.
 
Originally posted by PXG


Wally,
both Slovakia and Czech Rep. have double taxation treaties with US.
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You mean the treaties about avoiding the double taxation, right?
Or correct me if I got it wrong.

Thanks,
wally_
 
Well, I spent quite a bit of time studying up on tax law in eastern europe. It turns out that in Lithuania for example short-term equity and futures gains are not taxed at all !!! So if I am a lithuanian, with account requisites from Lithunia a pay 0 tax in lithuania and and if i reside in lithuania a pay no tax at all. If I WORK for a company based in lithuania, from another country I can still structure the payout in a way that makes it basically tax free.
I personally will travel to Eastern Europe for vacation and will try to nail something down for sure. PM me if you want more info on where to find more info on tax structure on capital gains.
 
For a european trader it would be attractive to move to the Netherlands, because you only pay a flat tax of 1.2% on your assets. It is assumed you make 4% a year on your capital. This amount is taxed at 30%.
 

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Originally posted by Captain Future
For a european trader it would be attractive to move to the Netherlands, because you only pay a flat tax of 1.2% on your assets. It is assumed you make 4% a year on your capital. This amount is taxed at 30%.
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Unfortunately that does not apply to professional traders in the Netherlands.
 
Originally posted by chs245


Unfortunately that does not apply to professional traders in the Netherlands.
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How do you (or the government) define a professional trader?
The ET member Ditch said that you are not a professional if you trade retail.

Have you any documents that confirm your statement?

Thanks.
 
Originally posted by Captain Future


How do you (or the government) define a professional trader?
The ET member Ditch said that you are not a professional if you trade retail.

Have you any documents that confirm your statement?

Thanks.
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If you trade full time through a US based partnership (such as a prof trader), then it is difficult to argue that trading is not your business. In that case, the dutch taxes won't bother you though, because you pay US taxes. My accountant tells me that under the double taxation treaty between NL and US, I will only be liable of US taxes.
If you trade retail and have another full-time occupation, then indeed the dutch tax code is attractive.
 
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