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Brazil and US signed Totalization agreement – will be used on 2015 tax returns.

According to the Totalization agreement between the USA and Brazil there are several important points to be considered:

1. No more double taxation  – dual residents with self-employment income will make contributions only to one country system (Brazil or U.S)

2. Details of how allocation of contributions will be regulated will be provided when the copy of the agreement is officially published at https://www.ssa.gov/international/agreements_overview.html
3. Social Security credits for the retirees will be transferrable (credits earned in one country may be used to complement insufficient number of credits to qualify for benefits in other country)
Original Story at White House

From → expat life, expat tax