Taxable Income and Double Taxation
I have read that Ecuador taxes the worldwide income of residents. If this is so, this would constitute double taxation since you are required to pay taxes on worldwide income in your home country. Can you provide an answer to this question? Thanks
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If Ecuador has a taxation treaty, which it does with Canada and the US, then any tax you pay in Ecuador would be deducted from any tax you owe in your home country.
I'm not a US citizen, so I may have this wrong, but it's my understanding that you can earn up to $90,000 or so (I think it's higher than that, but I'll be conservative) outside the US without having to pay any tax on it in the US.
In that case, there'd be no double taxation.
If anyone reading this has any other information, please chime in with a comment.
Thanks.
Jeff
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