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  1. #1
    Moderator fred's Avatar
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    Quote Originally Posted by imagine View Post
    BIR TIN number ? tax id no/? where is this found will it be on a tax return or any tax papers?
    A BIR tin number is a kind of Philippine tax code,I think..
    Not sure what the tax rules are for dual citizens but I think they only pay tax on money earned here in the R.P..
    I dont think that their UK pension is taxable here..In fact Im sure its not.


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    Respected Member imagine's Avatar
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    Quote Originally Posted by fred View Post
    A BIR tin number is a kind of Philippine tax code,I think..
    Not sure what the tax rules are for dual citizens but I think they only pay tax on money earned here in the R.P..
    I dont think that their UK pension is taxable here..In fact Im sure its not.
    i read that claiming uk pension while in philippines, you have the choice for it to be taxable in uk or in philippines,, in philippines pension tax i read is zero


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    Quote Originally Posted by fred View Post
    A BIR tin number is a kind of Philippine tax code,I think..
    Not sure what the tax rules are for dual citizens but I think they only pay tax on money earned here in the R.P..
    I dont think that their UK pension is taxable here..In fact Im sure its not.
    In the words of Benjamin Franklin "In this world nothing can be said to be certain, except death and taxes."

    Make no mistakes UK pensions ARE taxable in Philippines.

    Unless you make special arrangements to take advantage of existing agreements between Philippines and UK, you could expect to be taxed twice.

    If you are resident in the Philippines and you let HMRC know that your pension will be taxed in your country of residence, the tax in the UK will not be applied.

    To do this you need make a claim for relief so that HMRC will authorise payment of your pension without deduction of tax.

    You will need to obtain a TIN (Taxpayer Identification Number) from BIR and send this to HMRC as evidence that you will be subject to tax in Philippines.

    Here's the trick; currently income from pensions are taxed at a rate of 0% in Philippines.
    Long may that continue !!!!

    Not all pensions can be included in the agreement, so be sure to take care to allocate your UK personal allowances correctly and minimise the tax burden.

    Enjoy!


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