US Tax Treaties.pdf

The US has income tax treaties with several foreign countries, providing reduced tax rates or exemptions for residents of those countries on certain US-sourced income. Key points include:

The US-Chile income tax treaty is effective for withholding taxes on payments made on or after February 1, 2024, and for tax years beginning on or after January 1, 2024.
The US-Hungary income tax treaty was terminated, effective for withholding taxes on payments made on or after January 1, 2024, and for tax years beginning on or after January 1, 2024.
The US-Russia income tax treaty was suspended, effective for taxes withheld at source and in respect of other taxes on August 16, 2024.
Taxpayers must disclose treaty-based positions that reduce their tax on their affected return.
Tax treaty tables are available on IRS.gov.
The US-USSR income tax treaty remains in effect for certain members of the Commonwealth of Independent States.
* The US-China income tax treaty does not apply to Hong Kong.

Treaty benefits and provisions vary among countries and income types. Taxpayers should consult the applicable treaty text, available on IRS.gov, for detailed information. US citizens and residents are subject to US income tax on their worldwide income, while tax treaties primarily benefit residents of foreign countries.