Considering retirement in Serbia

[Ashwin Kalbag]

Hi,

My wife's Serbian, and we are both US citizens. We are contemplating buying a property in Belgrade, that we might wish to use personally and/or rent out, and eventually potentially live there in retirement.

I've been looking at https://taxsummaries.pwc.com/serbia/individual/significant-developments
for answers so far.

I would like to ask the following questions:

1. Does owning a property in Serbia qualify you as a tax resident automatically. I don't think so, but would like to confirm. I'm not clear on the first clause listed here, because it does not require a minimum number of days spent in Serbia per year: https://taxsummaries.pwc.com/serbia/individual/residence

2. Is Serbia is a country where as a US expat, I would be eligible to receive Social Security payments? I believe so, per https://www.ssa.gov/pubs/EN-05-10137.pdf, but again looking for confirmation.

3. Are US social security payments made to my wife and I, as Serbian tax residents, subject to income tax in Serbia as world-wide income? I think the answer is yes here, but would like confirmation.

4. If SS payments are taxed in Serbia, could I get credit against US federal and state taxes on the same?

5. If we resided in Serbia each year for less than the 183 days required to be a resident and considered ourselves US residents, could we then just be liable only for US taxes?

6. What if you spent 4 months in 3 different countries each year? Where would you be considered a resident? Is it wherever you choose to declare yourself to be a resident?

Regards,

Ashwin

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2011) - All rights reserved. >>
<< ------------------------------------------------------- >>