Q. Renting out Condo.

[Guan]

I am a foreigner (non US) living in the Philippines on a tourist visa on a 2 monthly extension basis. 

I owned a small condo in Quezon city which I haved lived for several years but am moving on to another location in the Philippines. 

Question is can I rent out my vacant condo without breaking any rules or law in the Philippines? Property tax are timely paid up yearly.

Thanks

[Dave Hounddriver]

4 hours ago, Guan said:

can I rent out my vacant condo without breaking any rules or law in the Philippines?

Yes, provided you pay the BIR their percentage of the rent.  i don't know of any foreigners who do pay BIR tax on their rentals but I do know one who was turned in to the BIR for it.  His mother-in-law was pi$$ed at him because he seldom gave any money  to his wife to give to her mother, so she turned them in.  It cost him a lot of pesos.

[AlwaysRt]

1 hour ago, Dave Hounddriver said:

Yes, provided you pay the BIR their percentage of the rent.  i don't know of any foreigners who do pay BIR tax on their rentals but I do know one who was turned in to the BIR for it.  His mother-in-law was pi$$ed at him because he seldom gave any money  to his wife to give to her mother, so she turned them in.  It cost him a lot of pesos.

Is the moral of the story - complain about paying taxes even if you don't so your MIL doesn't turn you in? 

[Guan]

Thanks for the inputs. Will do as suggested.

[mogo51]

12 hours ago, Dave Hounddriver said:

Yes, provided you pay the BIR their percentage of the rent.  i don't know of any foreigners who do pay BIR tax on their rentals but I do know one who was turned in to the BIR for it.  His mother-in-law was pi$$ed at him because he seldom gave any money  to his wife to give to her mother, so she turned them in.  It cost him a lot of pesos.

Nice Lady.

[robert k]

18 hours ago, Dave Hounddriver said:

Yes, provided you pay the BIR their percentage of the rent.  i don't know of any foreigners who do pay BIR tax on their rentals but I do know one who was turned in to the BIR for it.  His mother-in-law was pi$$ed at him because he seldom gave any money  to his wife to give to her mother, so she turned them in.  It cost him a lot of pesos.

So then you cut off all the family members and when anyone asks for anything tell them to get it from the MIL because she got a big reward for turning you in?