they were very good incentives like that for expats to return.. i know a couple that took the deal as it was hard to pass up for anyone considering returning.. they didn't have to pay any taxes on their moneys or income.. they may now though.. not sure..
unproductive, maybe but they have money and they would be spending it in PL so a win for PL economy..
I was informed by Treasury Ministry (Wydzial Skarbu Panstwa) representative that any SS from USA, pensions, Roth, etc. once transfered to Poland as such are treaded as any other kind of income,
i think that's correct.. and as others said, you'd only pay over what you already paid in the us.. you should be able to get credit for paying US taxes..
Just out of curiosity, why isn't it taxed on the Polish side as income? Polish authorities not being interested in taxing the income of a resident is bizarre :)
because i am pretty sure that it's incorrect.. PL is less tax friendly then US.. but they may have limits for pensioners where under certain amounts one doesn't have to pay, especially if the income is from abroad..
It is the text of the convention between the US and Poland which is decisive in the case discussed.
yes but a person in PL would just have to pay the difference, like i said above.. one would get credit for US taxes.. that's not double taxation..
the US and Poland have a Totalization Treaty in place, which is very good news. I think that your current contributions to your Polish pension can be used to bolster your SS
the way i understood this is that it works in the opposite direction.. where the polish pension is bolstered by your SS from US.. basically they'd count your working years in USA and in PL together..