Double taxation with USA

imelle

Hi,

I'm planning to go to USA next September to teach. My contract is from September 2019 until August 2020. As I will be paying the relevant taxes in the USA does this mean if I have any savings at the end of my contract that they will be exempt from tax in Ireland due to double taxation?

I am currently teaching in Ireland until September 2019 and will be returning to my teaching position in Ireland in September 2020

Should I phone revenue on this matter as I'm finding it a little difficult to understand.

Like if I save 5000€ can I transfer it to my bank account at home without having to worry about any tax issues. I understand there will be bank charges and exchange rates etc.

Calahonda52

Double taxation doest NOT necessarily mean that you will pay no taxes in Ireland as you are still tax resident here so taxed on worldwide income.
https://www.revenue.ie/en/jobs-and-pensions/tax-residence

What DT, in general terms, means is that if you pay 18% in US and are liable at 40% here then you pay the 40% here and get credit for the 18%

The 5,000 to which you refer is not an issue as it will be from taxes income

Calahonda52

Calahonda52 wrote: »

Double taxation doest NOT necessarily mean that you will pay no taxes in Ireland as you are still tax resident here so taxed on worldwide income.
https://www.revenue.ie/en/jobs-and-pensions/tax-residence

What DT, in general terms, means is that if you pay 18% in US and are liable at 40% here then you pay the 40% here and get credit for the 18%

The 5,000 to which you refer is not an issue as it will be from taxed income

Just wondering, am I right about the general thrust/terms of DT's as stated above?