Tag Archives: capitalgains

How are foreign capital gains taxed in the Philippines?

November 17, 2019Personal Finance, Stocks, Taxesbir, capitalgains, taxation, taxesAmbitiousPawn

I previously discussed how the US taxes dividends and interest income of non-resident aliens investing in the US stock market. In summary, 15% tax is withheld from interest income, 25% tax is withheld from dividend income, while no taxes are withheld from capital gains.

(NOTE: Check out the post – More questions on Philippine taxation of foreign capital gains and dividends – for my most recent thoughts on this topic.)

But how does the Bureau of Internal Revenue (BIR) in the Philippines tax these types of income? The short answer is: It’s not clear. The long answer is as follows:

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Investing in the US from the Philippines as non-resident alien: IRS tax issues

November 17, 2019Personal Finance, Stocks, Taxesbir, capitalgains, dividends, estatetax, irs, taxation, taxesAmbitiousPawn

When you open an online trading account in a U.S. brokerage account like Charles Schwab or TD Ameritrade, and you’re not an American citizen, you don’t have a green card, and you don’t live in the U.S., you’re generally classified as a non-resident alien by the Internal Revenue Service (IRS) of the U.S. Even as a non-resident alien, some or all of your income from your trading account may still be subject to taxes by the U.S.

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