Hi.
I have a weird question, I have a few friends who moved to the Philippines (I want to do so myself) and they both claim they pay zero taxes over there.
One has a temporary visa (renewing it by flying out of country now and then) and the other has a permanent residence visa from marrying.
They both get their income from outside the county (online income) from companies situated in another country then Philippines. Thus they live in P, have companies based abroad, get money online and dont have any form of pensions having cut all ties with their countries of origin BUT still have dual citizenships.
They both claim this allows them to get away with zero Philippine tax.
My question is thus, is this even possible?
I have a weird question, I have a few friends who moved to the Philippines (I want to do so myself) and they both claim they pay zero taxes over there.
One has a temporary visa (renewing it by flying out of country now and then) and the other has a permanent residence visa from marrying.
They both get their income from outside the county (online income) from companies situated in another country then Philippines. Thus they live in P, have companies based abroad, get money online and dont have any form of pensions having cut all ties with their countries of origin BUT still have dual citizenships.
They both claim this allows them to get away with zero Philippine tax.
My question is thus, is this even possible?