BIR- Paying Taxes

[bowgurl1980 3]

Do dual citizens (Philippines and US) have to pay taxes in the Philippines on income earned in the United States?

 

I'm asking because my mother told me that "someone from BIR" came to her house with an envelope and asked for me, but she refused to accept it and told him that I no longer live there, which is correct.

 

I don't believe I owe BIR taxes; my last employment in the Philippines was in January 2010, and I paid taxes religiously while there.

Anyone?
 

 

 

 

[nelmagriffin 150]

I wanted to know as well. 

Read the whole item.

reference: U.S. Dual Citizenship and Taxes with Philippines – USCIS Guide

 

U.S. Dual Citizenship and Taxes with Philippines

How does dual citizenship between the United States and Philippines impact taxation?

When it comes to taxation, dual citizenship between the United States and Philippines can be a complicated issue depending on the individual’s residence status. Generally, an individual with dual citizenship will be subject to the taxation laws of both countries, meaning they must pay taxes to both countries for income earned in either country. This may include double taxation on income earned in either country, as well as other types of taxes, such as sales tax, property tax, capital gains tax, etc. In addition, it is important to note that the US has an extensive system of estate taxation that applies to US citizens regardless of their other country of citizenship. As a result, individuals with dual citizenship should seek advice from a qualified tax professional before making any decisions related to taxation.

Are US citizens with dual citizenship required to pay taxes in both the United States and Philippines?

Yes, US citizens who are dual citizens of the United States and the Philippines are required to pay taxes in both countries. US citizens must file a US tax return and a Philippine tax return, declaring any income earned in either country. Additionally, US citizens with dual citizenship will need to file a Foreign Bank Account Report (FBAR) if they have financial accounts in the Philippines.

What is the process for filing taxes for individuals with dual citizenship between the United States and Philippines?

For individuals with dual citizenship between the United States and Philippines, the process for filing taxes is the same as for individuals with U.S. citizenship only. Dual citizens must report all income received from sources inside and outside the United States on their U.S. federal income tax return.

Individuals should also be aware of any double taxation issues, as each country may impose taxes on the same income. In the case of the U.S. and Philippines, a tax treaty exists that allows taxpayers to take a foreign tax credit or an itemized deduction for taxes paid to foreign governments (such as the Philippines). This helps to avoid double taxation on the same income.

Edited October 7 by nelmagriffin

[bowgurl1980 3]

25 minutes ago, nelmagriffin said:

I wanted to know as well. 

Read the whole item.

reference: U.S. Dual Citizenship and Taxes with Philippines – USCIS Guide

 

U.S. Dual Citizenship and Taxes with Philippines

How does dual citizenship between the United States and Philippines impact taxation?

When it comes to taxation, dual citizenship between the United States and Philippines can be a complicated issue depending on the individual’s residence status. Generally, an individual with dual citizenship will be subject to the taxation laws of both countries, meaning they must pay taxes to both countries for income earned in either country. This may include double taxation on income earned in either country, as well as other types of taxes, such as sales tax, property tax, capital gains tax, etc. In addition, it is important to note that the US has an extensive system of estate taxation that applies to US citizens regardless of their other country of citizenship. As a result, individuals with dual citizenship should seek advice from a qualified tax professional before making any decisions related to taxation.

Are US citizens with dual citizenship required to pay taxes in both the United States and Philippines?

Yes, US citizens who are dual citizens of the United States and the Philippines are required to pay taxes in both countries. US citizens must file a US tax return and a Philippine tax return, declaring any income earned in either country. Additionally, US citizens with dual citizenship will need to file a Foreign Bank Account Report (FBAR) if they have financial accounts in the Philippines.

What is the process for filing taxes for individuals with dual citizenship between the United States and Philippines?

For individuals with dual citizenship between the United States and Philippines, the process for filing taxes is the same as for individuals with U.S. citizenship only. Dual citizens must report all income received from sources inside and outside the United States on their U.S. federal income tax return.

Individuals should also be aware of any double taxation issues, as each country may impose taxes on the same income. In the case of the U.S. and Philippines, a tax treaty exists that allows taxpayers to take a foreign tax credit or an itemized deduction for taxes paid to foreign governments (such as the Philippines). This helps to avoid double taxation on the same income.

 

 

This is what I just found at Philippine Embassy Washington DC website: 

6.    WHAT ARE THE IMPLICATIONS ON PAYMENT OF INCOME TAXES?

Under the Philippine Comprehensive Tax Reform Program of 1997, incomes earned overseas by Filipinos from 1998 onwards are no longer taxable by the Philippine government. Hence, all Filipinos abroad, including those who have retained/reacquired their Philippine citizenship, have been exempted by the Philippine Government from paying Philippine income tax on incomes earned abroad.

Incomes earned in the Philippines, however, will be subject to Philippine income tax.

Prospective applicants are advised to visit and read the contents of the website of the U.S. Internal Revenue Service, which contains information about current U.S. government policy on taxes on incomes earned worldwide, or to seek legal advice from a U.S. tax lawyer.

[nelmagriffin 150]

Thanks.

Edited October 7 by nelmagriffin