Post by account_disabled on Nov 21, 2023 23:26:43 GMT -5
Which one is valid? On the government website tax.gov , we can see that there are two UPO agreements for the United States; of and . The agreement of provides for the settlement of tax using the proportional deduction method, while the one of provides for the settlement of tax by exclusion with progression. It turns out that the agreement concluded between the Government of the Polish People's Republic and the Government of the United States of America.
Should be used to settle earnings earned in the USA, because the agreement has not yet been ratified by the US and is therefore not binding. How to settle earnings from the USA in Poland? To settle American income in Poland, pursuant to the UPO philippines photo editor Agreement of , the proportional deduction method should be used, which means that income obtained abroad is also taxed in Poland, but the tax paid abroad can be deducted from the tax due. This deduction may not, however, exceed that part of the tax, calculated before the deduction, which is proportionally attributable.
To the income obtained in the USA. Moreover, with this method - in Poland if we have tax residence here, we must always settle our taxes, even if we did not earn any income in the country. For comparison, in the case of the second method exclusion with progression, which exempts foreign income from Polish tax, if the taxpayer obtains income only abroad, he does not have to complete the Polish PIT. Example Mr. Dawid, earned income in the USA of , and in Poland in the amount of.
Should be used to settle earnings earned in the USA, because the agreement has not yet been ratified by the US and is therefore not binding. How to settle earnings from the USA in Poland? To settle American income in Poland, pursuant to the UPO philippines photo editor Agreement of , the proportional deduction method should be used, which means that income obtained abroad is also taxed in Poland, but the tax paid abroad can be deducted from the tax due. This deduction may not, however, exceed that part of the tax, calculated before the deduction, which is proportionally attributable.
To the income obtained in the USA. Moreover, with this method - in Poland if we have tax residence here, we must always settle our taxes, even if we did not earn any income in the country. For comparison, in the case of the second method exclusion with progression, which exempts foreign income from Polish tax, if the taxpayer obtains income only abroad, he does not have to complete the Polish PIT. Example Mr. Dawid, earned income in the USA of , and in Poland in the amount of.
