Eli5:How do people with dual citizenship pay taxes?

167 views

Do they pay taxes to both the countries they have citizenship of or the country they reside in.

In: 12

9 Answers

Anonymous 0 Comments

For a lot of countries citizenship doesn’t equate to having to pay tax.

US requires overseas residents to pay income tax up to a point, Canada does not. If you’re a citizen of both and say you reside in Singapore; you pay Singaporean income tax and some US tax, but not Canadian tax.

There are also residency rules (usually judge by where you spend 183 days a year). That is your primary tax residence.

Source: this is my exact situation

You are viewing 1 out of 9 answers, click here to view all answers.