Dumaguete Info Search


Oh by the way Foreigner.. BIR 1800 is due

Discussion in 'Dumaguete City' started by osodelnorte, Sep 9, 2019.

  1. osodelnorte

    osodelnorte DI Forum Adept Showcase Reviewer

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    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.
     
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  2. grandpainak

    grandpainak DI Senior Member Showcase Reviewer Veteran Army

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    Sounds like they are taking lessons from the USA tax man.:finger::facepalm:

    Time to start a "in your house" church.:geek:
     
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  3. anti_crazy

    anti_crazy DI Member

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    ah, it's good to be kuripot, no paperwork. :smile:
     
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  4. Michael. B

    Michael. B DI Member Showcase Reviewer

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    So now no one gives money as a gift but instead consider it as a loan, how can the BIR possible control such a stupid bit of law.
     
  5. KINGCOLE

    KINGCOLE DI Senior Member Highly Rated Poster

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    Sounds like another law that will be impossible to monitor. So you send the money in multiple transactions through different avenues.
     
  6. jim787

    jim787 DI Forum Adept

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    Isn't that how they are prosecuting Maria Ressa? For allegedly not reporting support received from abroad.
     
  7. PatO

    PatO DI Forum Luminary Highly Rated Poster Showcase Reviewer Veteran Marines

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    If someone wants to gift my wife or I $250,ooo, I will be more than happy to pay the taxes, no complaints.
     
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  8. MikeP64

    MikeP64 DI Member Veteran Marines

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    Philipino pride will get in the way. No family member has ever asked for money as a gift/handout. They always use the word loan when asking for money. I should show them this law, them hand them a loan agreement with payment schedule and interest.


    Could I have read it wrong, I thought it was a tax on the donor not the donee.

    "Who Shall File

    The Donor’s Tax Return (BIR Form No. 1800) shall be filed in triplicate by any person, natural or juridical, resident or non-resident, who transfers or causes to transfer property by gift, whether in trust or otherwise, whether the gift is direct or indirect and whether the property is real or personal, tangible or intangible"
     
  9. Notmyrealname

    Notmyrealname DI Forum Patron Highly Rated Poster Showcase Reviewer

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    So does this apply - in fact, can it apply - if the gift is given abroad and then the recipient remits it to the Philippines?
     
  10. OP
    OP
    osodelnorte

    osodelnorte DI Forum Adept Showcase Reviewer

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    according to BIR 1800 yes...
     
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