Скачать или смотреть [ Offshore Tax ] Are US pensions and social security taxable in France?

[ Offshore Tax ] Are US pensions and social security taxable in France?

Individuals domiciled in France for tax purposes are required to annually report their French and worldwide income, subject to the application of international tax treaty provisions. Concerning retirement income, Article 18 of the tax treaty between France and the United States states the following:
"Amounts paid under the social security or similar laws of one Contracting State to a resident of the other Contracting State or to a U.S. citizen, as well as amounts paid under a pension plan and other similar remuneration arising from previous employment in one of the Contracting States to a resident of the other Contracting State, whether received periodically or as a lump sum, shall only be subject to taxation in the State from which they originate. For the purposes of this paragraph, pension, and other similar remuneration shall be considered to arise in a Contracting State only if paid out from a pension or retirement plan established in that State."
In essence, the treaty establishes that pensions are taxable only in the country where they originate. Therefore, U.S.-source retirement benefits received by individuals domiciled in France for tax purposes remain taxable in the United States.
However, the Department's response concludes with an interesting point: it reminds us that although U.S. source retirement benefits may not be subject to taxation in France, they must still be reported on the French tax return for calculating the effective tax rate. It is important to correctly declare retirement pensions in France, as double taxation on this income will be avoided through a tax credit equal to the French tax amount.

TIMESTAMPS:
0:00 INTRO
1:15 French Pension Taxes for US Expats
2:13 US pension tax social security not taxable in France
2:38 OUTRO



-----------------------------------------
OUR CHANNEL OFFERS:
Updated daily, we help 6, 7, and 8-figure International Entrepreneurs, Expats, Digital Nomads, and Investors legally minimize their global tax burden and protect their wealth.
Join Amazon's best-selling author, Derren Joseph, in exploring the offshore financial world.

SUBSCRIBE TO OUR CHANNEL FOR MORE FREE INFORMATION:
https://www.youtube.com/c/TaxesforInt...
--------------------------------------------------
WATCH OTHER VIDEOS:
   • [ Offshore Tax ] Is Earned Income tax-free...  
   • [ Offshore Tax ] What is the main tax adva...  
   • [ Offshore Tax ] Taxation of Crypto in Can...  
--------------------------------------------------
Here are 4 ways we can help you:
SIGN UP for free webinars on US Expat Taxes and International Entrepreneur Taxes: https://htj.tax/events/
STREAM premium educational videos: https://htj.tax/youtube/
CONTACT us for tax optimization consults over Zoom: https://www.htj.tax/contact/
High Net Worth? We can QUOTE for doing your "US-International" tax returns.

FOR MORE DETAILS, CONNECT WITH US:
✉ Contact us at [email protected]
--------------------------------------------------
FOLLOW US ON:
🌍 Check our website: https://htj.tax/
🎙️ Listen to our podcast: https://podcast.htj.tax/
📸 Add us on Instagram:   / htj.tax  
🐦 Add us on Twitter:   / derren43  
📕 Add us on Facebook:   / htj.tax  
💼 Contact Derren on LinkedIn:   / derren-joseph-ea-0345332  


#USpensions #socialsecurityFrance #TaxesFrance #HTJpodcast #internationaltax #taxplanning #taxes #internationalbusiness #offshore #expats #investors #offshorecitizen #nomadcapitalist #flagtheory #InternationalEntrepreneur #irs #offshorebanking #ibc