Self Employment Agreement

Hello everybody, we plan to move to New Zealand and will be independent.

From what I know, we will be subject to tax on U.S. self-employment as there is no agreement aggregation with New Zealand.

Is that correct?

Can anyone tell me why it is that self-employment of U.S. citizens working abroad (or more precisely in New Zealand) are subject to this tax when a U.S. citizen working for a company in New New Zealand New Zealand will not be subject to this tax at all? Seems to discriminate self-employment.

Thank you in advance for answers.

You are right that there is no agreement with New Zealand.

However, this means that you continue to earn credits in the U.S. and it affects your SSA benefits when you retire.

If you hate paying tax now, I bet you'll be happy to collect your retirement.

To qualify for the New Zealand system you must work at least 10 years, with 5 of those 50 years.

U.S. citizens working for U.S. company also will not be subject to this tax at all.

Self-employed U.S. citizens working in the U.S. are subject to this tax.

This tax applies only to independent contractors. This is why it is called self-employment tax.

Unless stated otherwise in the laws or treaties, taxation of U.S. citizens own the same in all countries.