A non-resident citizen of the Philippines is allowing his China-resident neighbor to live in his home during the latter’s vacation in the Philippines. When the Chinese traveller arrived in the Philippines, the non-resident citizen of the Philippines called him and told him to give the rental payment to his cousin who lives in the Philippines and manages the said house. The Chinese man agreed and the non-resident citizen of the Philippines called his cousin to tell him that the payment he will be receiving would represent his bonus for managing the house. Is the rent payment received by the cousin taxable in the PH? If yes, specify what kind of tax is due and provide the relevant article from th
A non-resident citizen of the Philippines is allowing his China-resident neighbor to live in his home during the latter’s vacation in the Philippines. When the Chinese traveller arrived in the Philippines, the non-resident citizen of the Philippines called him and told him to give the rental payment to his cousin who lives in the Philippines and manages the said house. The Chinese man agreed and the non-resident citizen of the Philippines called his cousin to tell him that the payment he will be receiving would represent his bonus for managing the house.
Is the rent payment received by the cousin taxable in the PH? If yes, specify what kind of tax is due and provide the relevant article from the PH Tax Code)
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