TAX LIABILITIES OF A FILIPINO DUAL CITIZEN | PHILIPPINE INCOME TAXATION

Philippine dual citizenship; Philippine dual citizen; dual citizenship; dual citizen; Filipino dual citizenship; Filipino dual citizen; becoming Filipino; former natural-born Filipino citizen; lost Philippine citizenship; Philippine citizenship law; Philippine nationality; Philippine national; retention and re-acquisition of Philippine citizenship; taxability of income of non-resident Filipino citizens; Dual Citizenship Law; Republic Act 9225; non-resident and resident Filipino citizens; Philippine income taxation; Tax Reform Act of 1997; Republic Act No. 8424 or RA 8424; TRAIN law; RA 10963; taxation of foreign sourced income; taxation of income from sources outside and within the Philippines; Philippine Income Tax; Overseas Filipino Workers or OFWs; Bureau of Internal Revenue or BIR; taxation for Overseas Filipino Workers; Taxation for Overseas Contract Workers; Who are overseas Filipino Workers; taxes to be paid by overseas Filipinos; Filipino seaman considered as Overseas Contract Worker; Section 23 of the National Internal Revenue Code (RA 8424) provides that “General Principles of Income Taxation in the Philippines. – Except when otherwise provided in this Code: (A) A citizen of the Philippines residing therein is taxable on all income derived from sources within and without the Philippines; (B) A nonresident citizen is taxable only on income derived from sources within the Philippines; (C) An individual citizen of the Philippines who is working and deriving income from abroad as an overseas contract worker is taxable only on income derived from sources within the Philippines: Provided, That a seaman who is a citizen of the Philippines and who receives compensation for services rendered abroad as a member of the complement of a vessel engaged exclusively in international trade shall be treated as an overseas contract worker. xxxxx As explained in the Primer issued by the Commission on Overseas Filipinos or CFO, RA 9225, otherwise known as the Citizenship Retention and Re-acquisition Act of 2003, declares that natural born Filipinos who were naturalized in other countries could re- acquire or retain their Philippine citizenship after undergoing the procedure provided for under the law. RA 9225 took effect on September 17, 2003 and is also commonly referred to as the Dual Citizenship Act. Philippine citizenship is re- acquired by taking the Philippine oath of allegiance before a duly authorized Philippine official. This does not require one to renounce his allegiance to any other country. According to the said Primer, Dual citizenship means that you have two citizenships at the same time as a result of the interaction of the laws between two countries. A person can be a dual citizen by choice or by birth. An individual can be considered a Philippine dual citizen by choice through the process of RA 9225 while a Philippine dual citizen by birth is a natural-born Filipino who does not have to perform any action to acquire the citizenships. Dual citizenship only refers to those who have two citizenships at the same time. Those who possess more than two citizenships are considered to have multiple citizenships.

Please visit the BIR website thru this link for the list of countries with whom Philippines has tax treaties:

https://www.bir.gov.ph/index.php/inte...