Foreigners who have not acquired residency in the Philippines, "Non-Resident Aliens" as they are legally called, are subject to estate tax in the Philippines if they die leaving properties in the Philippines. The applicable estate tax in the Philippines for both residents and non-residents is 6% flat rate with the Republic Act 10963, otherwise known as the TRAIN Law, which amends the old National Internal Revenue Code.
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If you want to learn more about income taxes, please open this playlist and enjoy every video: • Income Taxation (Philippines)
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Also, if you want to learn more about business and transfer taxes, watch the following videos:
1. Estate Tax for Single and Unmarried Decedents: • [TOPIC 17] ESTATE TAX COMPUTATION | H...
2. Estate Tax for Married Decedents: • [TOPIC 18] ESTATE TAX COMPUTATION | H...
3. Estate Tax for Non-Resident Aliens: • [TOPIC 19] ESTATE TAX COMPUTATION | H...
Watch video [TOPIC 19] ESTATE TAX COMPUTATION | How to Compute Estate Tax for Non-Resident Aliens online without registration, duration hours minute second in high quality. This video was added by user Jisryl Raz 16 April 2021, don't forget to share it with your friends and acquaintances, it has been viewed on our site 8,215 once and liked it 149 people.