Tag #Double Taxation

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themoscowtimes.com

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Jul 7, 16:11

Russia Demands Back Taxes From Citizens Working in Kazakhstan

Russia is demanding back taxes from its citizens living in Kazakhstan who worked for Kazakh companies in 2022-2023, citing a new interpretation of remote work, impacting thousands who relocated after the Ukraine invasion and paid Kazakh taxes but now face Russia's higher rates amid Russia's financia...

Russia Demands Back Taxes From Citizens Working in Kazakhstan

Russia is demanding back taxes from its citizens living in Kazakhstan who worked for Kazakh companies in 2022-2023, citing a new interpretation of remote work, impacting thousands who relocated after the Ukraine invasion and paid Kazakh taxes but now face Russia's higher rates amid Russia's financia...

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What is the immediate impact of Russia's new tax policy on Russian citizens working in Kazakhstan?

Russia is demanding back taxes from its citizens residing in Kazakhstan, specifically targeting those employed by Kazakh companies in 2022 and 2023. This affects thousands of Russians who relocated after the Ukraine invasion and paid Kazakh taxes, but are now liable for Russia's higher tax rates under a new interpretation of remote work.

forbes.com

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May 7, 07:17

U.S. Tax Implications of Stock Options for Foreign Nationals

This article explains the U.S. tax implications for foreign nationals granted stock options while working in America, focusing on taxation at exercise and post-departure, including the grant-to-vesting sourcing rule, double taxation risks, and the importance of tax planning.

U.S. Tax Implications of Stock Options for Foreign Nationals

This article explains the U.S. tax implications for foreign nationals granted stock options while working in America, focusing on taxation at exercise and post-departure, including the grant-to-vesting sourcing rule, double taxation risks, and the importance of tax planning.

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How does the U.S. tax foreign nationals on stock options granted for work performed in America, particularly after they leave the U.S. and become NRAs?

Foreign nationals working in the U.S. who are granted non-statutory stock options (NSOs) generally face no immediate tax liability. Taxation is deferred until the options are exercised, at which point the difference between the share's fair market value and the strike price is taxed as ordinary income. However, if the strike price is below the fair market value at grant, immediate tax liability may arise.

mk.ru

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May 25, 13:11

Russia-UAE Tax Treaty: Lower Rates, Clarified Rules, and Shifted Investment Patterns

The new Russia-UAE tax treaty reduces dividend, interest, and royalty taxes to 10%, clarifies "Other Income" source taxation, impacting B2B services and remote work, and may remove the UAE from Russia's offshore list, but increased dollar exchange rates have cooled Russian real estate demand except ...

Russia-UAE Tax Treaty: Lower Rates, Clarified Rules, and Shifted Investment Patterns

The new Russia-UAE tax treaty reduces dividend, interest, and royalty taxes to 10%, clarifies "Other Income" source taxation, impacting B2B services and remote work, and may remove the UAE from Russia's offshore list, but increased dollar exchange rates have cooled Russian real estate demand except ...

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How does the treaty affect taxation of income from UAE real estate for Russian citizens?

This treaty streamlines taxation for investments and businesses operating between Russia and the UAE, but introduces complexities for cross-border transactions. The shift to source-country taxation for "Other Income" necessitates careful structuring of B2B deals. Remote work situations require careful consideration of dual tax residency issues.

forbes.com

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Apr 1, 01:18

UK Finance Act 2025: Residence-Based Taxation and Impact on Trusts

The UK's Finance Act 2025, effective April 6, 2025, replaces the non-domiciled tax regime with a residence-based system, taxing UK residents of over four years on global income and subjecting revocable trusts holding non-UK assets to a 40% inheritance tax.

UK Finance Act 2025: Residence-Based Taxation and Impact on Trusts

The UK's Finance Act 2025, effective April 6, 2025, replaces the non-domiciled tax regime with a residence-based system, taxing UK residents of over four years on global income and subjecting revocable trusts holding non-UK assets to a 40% inheritance tax.

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How does the UK's Finance Act 2025 alter estate planning strategies, particularly for those using US revocable trusts?

This change significantly impacts non-domiciled individuals and revocable trusts commonly used in US estate planning to avoid probate. The abolition of 'excluded property trusts' exposes these trusts to a 40% IHT on non-UK assets held within them, altering estate planning strategies for UK residents.

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