Dumaguete Info Search


Welcome!

By registering with us, you'll be able to discuss, share and private message with other members of our community.

Register

Best Posts in Thread: Oh by the way Foreigner.. BIR 1800 is due

  1. osodelnorte

    osodelnorte DI Forum Adept Restricted Account Showcase Reviewer

    Joined:
    Jan 13, 2011
    Messages:
    449
    Likes Received:
    88
    NO NEWS IS BAD NEWS: Did anyone get this news?

    Throughout 2018 and 2019, the Philippines imposed stricter tax guidelines on gifted money. Gifts over ₱250,000, or about US$4,795 as of August 2019, will be taxed at a rate of 6%. The donor is responsible for filing BIR form 1800, regardless of whether or not they reside in the Philippines.

    The new laws also don’t have different tax brackets based on your relationship to the recipient. Gifts to relatives are taxed at the same rate as gifts to friends. Though certain types of gifts, like gifts to some charities, are exempt.
     
    • Informative Informative x 5
    osodelnorte, Sep 9, 2019
    #1
  2. anti_crazy

    anti_crazy DI Forum Adept

    Joined:
    Jun 7, 2015
    Messages:
    264
    Likes Received:
    120
    ah, it's good to be kuripot, no paperwork. :smile:
     
    • Like Like x 2
    • Funny Funny x 1
    anti_crazy, Sep 9, 2019
    #3