Tax FAQs: International Tax Law FAQs Q.When returning to the United States as a US citizen from a foreign country, am I subject to any taxes?
• Duty and internal revenue tax are required to be paid on articles acquired abroad. US citizens are allowed to bring back $400 worth of merchandise duty free. If you are returning directly from a Caribbean Basin Economy Recovery Act country, the limited value of duty free merchandise allowed is raised to $600. The next $1,000 worth of items you bring back are dutiable at a flat 10% rate.
Related Questions
- If a citizen of a foreign country marries a U.S. citizen in the United States, is it necessary for the spouse to leave the country to become a permanent resident?
- Tax FAQs: International Tax Law FAQs Q.When returning to the United States as a US citizen from a foreign country, am I subject to any taxes?
- Why form a company in a foreign country with a tax accountant specialized in international tax law?