Asia · Southeast Asia
Philippines
The cheapest permanent-residence-equivalent in Asia by an order of magnitude, with genuine territorial taxation for resident foreigners — and a programme that was just reformed to open at age 40.
Tax position
- Income tax (top)
- 35% top marginal rate on income above PHP 8m
- Capital gains
- 15% on net gains from unlisted domestic shares; 0.6% stock transaction tax on listed share sales; 6% on the gross selling price or fair value of real property
- Wealth tax
- none
- Inheritance tax
- 6% flat estate tax on the net estate — low, and it applies to worldwide assets of residents (see watchOuts)
- Special regime
- Resident aliens and non-resident citizens are taxed only on Philippine-source income. Only Philippine citizens residing in the Philippines are taxed on worldwide income — this makes the Philippines genuinely territorial for foreign residents.
- Territorial
- Yes — foreign-source income generally outside scope
- CFC rules
- No
- Exit tax
- No
- CRS
- Participating
1 route into Philippines
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