TAX CONSULTATION IN THE USA

The US tax system is different from the Ukrainian or Polish tax system we are used to, all of this is caused by a different state system.

So in the US, taxes are paid at the federal, state, and local levels.

At the federal level, the following taxes are paid: income tax for individuals, legal entities, social contributions (unemployment or disability insurance), health insurance contributions, inheritance tax, capital gains tax, customs payments, fees from property owners, on source income, and environmental tax.

The following taxes are paid at the state level: income tax for individuals and legal entities, inheritance tax, excise taxes, sales tax, and taxes collected from property owners.

Local level – income tax for individuals, legal entities, inheritance and gift tax, capital gains tax, sales tax, fees from property owners, environmental tax.

What profits are paid by legal entities?

Value added tax (VAT) – depends on the state and ranges from 3 to 7%, at the local level the tax on purchases is from 0.03% to 5.14%.

Corporate income tax – the federal rate is 21%, at the state level taxes vary widely from 2.5% to 12%, and at the local level from 2 to 9%.

Additional taxes may apply depending on the region

Social security taxes – self-employed tax – in this case, you need to pay social security tax, which is a deduction to your personal insurance under the social security system, which includes pension benefits, health insurance benefits, and others.

Withholding taxes by employers from the wages of employees – this is how employers must pay taxes for their employees.

So, the US tax system is quite complex, and therefore, to pay taxes correctly, it is necessary to be familiar with tax legislation.

You can learn it yourself or contact a specialist.

A tax lawyer (lawyer) in the USA will advise you on choosing the optimal tax system for business in the USA regarding

• value-added tax (VAT – value-added tax),
• corporate income tax (CIT – corporate income tax),
• personal income tax (PIT – personal income tax)
• social deduction from employees (ZUS)
• local tax in the USA
• tax on dividends in the USA
• excise duty in the USA
• federal taxes
• state taxes
• local taxes

Representation in tax authorities (tax representation) of the USA

Representation in the US tax authorities by Yuk Prykhodko and partners is consulting, preparation of all necessary documentation, and relations with the US tax authorities on VAT, CIT, PIT, ZUS, etc.

What is included in the duties of a tax lawyer of Yuk Prykhodko and partners:

• Consulting on taxes in the USA
• Calculation of taxes in the USA
• Preparation of tax documents in the USA
• Tax representation in the USA
• Settlement of tax disputes in the USA

What is the cost of a tax consultant in the US?
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