Bugs
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Hello, I am a U.S./Phil dual citizen. For the past several years, we have been sending regular monthly remittances (150 USD / 7,500 PHP) to family in the Philippines. However, at the end of the year we will be sending a large sum (17,000 USD / 900,000 PHP), to help cover the cost of home construction. I know about the U.S. gift tax (we will be under that trigger at 17,000 USD). But are there any taxes due to the Philippines on this that we are unaware of? If so, how is it enforced?
