Does Venezuela tax the retirement pension of the foreign retiree?
Answer Hello Harry Venezuela and the US have a tax treaty. You can read about it here: http://www.irs.gov/businesses/international/article/0,,id=169528,00.html It is difficult to answer your question because there are several complicating factors. You’d be dealing with both the US government and the Venezuelan Government. The US government is going to be the biggest headache, and IRS Publication 54 “Tax Guide for U.S. Citizens and Resident Aliens Abroad” is the place to get started on your headache: http://www.irs.gov/publications/p54/index.html There is a substantial tax exemption for US Persons who are non-resident in the US, which boils down to either the “bonafide residence test” or the “physical presence test” and Pub 54 will explain it. Since your question defines your sole source of income as US source income, you’re pretty much going to have to pay whatever the US decided it wants from you. There are some exceptions, and that can get complicated and would depend on the nature o
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