USA TAXATION
Our mission is to balance compliance and value creation for our clients. We provide tax strategy, planning, and compliance services, along with business advisory. Our team supports a diverse client base, including multinationals, local companies, entrepreneurs, family businesses, and private individuals, both locally and globally.
The tax function aims to:
- Create, protect, and optimize value in line with organizational goals.
- Manage various tax-related risks.
- Ensure compliance with tax laws and reporting requirements.
We assist with US tax return preparation and IRS filing. In the US, residents are taxed on worldwide compensation, including cash and fair market value of property or services received, with possible foreign earned income exclusions.
Non-residents are taxed on U.S. source income. Investment income not linked to a U.S. trade or business is taxed at a flat 30% rate (or lower with treaties). Non-residents engaged in U.S. business are taxed on effectively connected income, less deductions, at graduated rates, including personal service compensation.
Foreign nationals changing residency status within a year are taxed on worldwide income during the residence period and U.S. source income during the non-residence period.
The IRC ensures at least 90% of final income tax is collected through withholding and estimated payments. Individuals with non-withholding income must pay taxes quarterly.