Questions tagged [philippines]
For questions that relate to the laws, practices, and products of the Philippines.
17
questions
-5
votes
2
answers
136
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Can I employ foreigners for tax purposes?
If I have a business in the UK that would be taking x amount profit per year, what if I pay employees in a low tax country like Philippines (freelancer rate is 8%).
E.g. they might do £400 worth of ...
- 1
4
votes
1
answer
593
views
sold property in the Philippines and asked money to be sent here in US
Parents sold their property in the Philippines and asked their money to be sent to their bank account here.They have their green card. Will they have to pay taxes on that?
- 41
0
votes
2
answers
205
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Is it safe to have a debit card and credit card on the same bank?
In the scenario of a dispute with a charge on your credit card, if worse comes to worse - can the bank pull funds from your debit card? (In the case of US and Philippine banks). Asking this because I ...
- 121
0
votes
2
answers
182
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Can my property be taken as a payment for a relative's loans?
My aunt went to several loans to which she isn't capable of paying as of now. Now, the lenders are visiting our house and trying to find her and she currently lives in the same residence with me, ...
- 3
1
vote
1
answer
254
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Should I worry about credit utilization if I always pay in full?
I just got my first credit card (several months ago)!
I'm reading about credit card best practices, and I see credit utilization over and over again.
One site that really got my interest is this, ...
- 127
82
votes
11
answers
23k
views
Dissuading my girlfriend from a scam
A significant portion of my girlfriend's family have fallen for, what seems to me, an obvious Ponzi scheme.
They take money, in cash, to a casino in the area. They give the casino the cash, and one ...
- 771
72
votes
5
answers
25k
views
Why is a friend asking me to make multiple Money Gram transfers in my name using his money?
For the past few months, someone that I know casually is sending money to the Philippines every 2 to 3 days. He mentioned that the money is going to his family so that they can use it to travel to ...
- 719
1
vote
2
answers
417
views
Cost to transfer funds from Philippines bank to US bank from real estate sales proceeds [closed]
I am a US Citizen living in California, who is currently in the process of selling a piece of land that I own at the Philippines.
20 years ago, I bought a piece of land for P250,000 pesos. I am ...
- 11
7
votes
1
answer
180
views
Money saved from the Philippines
I have saved up $45,000.00 in the bank in the Philippines and I would like to bring them back to US as a returning US Citizen. Will I be taxed for this money I saved up?
- 71
0
votes
1
answer
117
views
Compute average price even if I do not have the prices before
I want to know how much my average price will be after I buy a stock. The problem is I do not have the records of how much I bought the stock before.
What I do have is this (sample only):
Stock X:
...
- 103
1
vote
1
answer
1k
views
Philiipine currency check to deposit in the US
We are expecting a check from a Home Builder in the Philippines in Philippine currency. Can we deposit it in our bank here in the US and convert to US currency ?
1
vote
1
answer
1k
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Gift Taxes , transferring money from USA to Philippines to my daughter
(I tried looking in other questions here if this has been asked, but not yet so I am posting)
Hi Everyone
I would like to know if I need to pay gift taxes if I am going to transfer ~68K USD to my ...
- 11
3
votes
3
answers
192
views
Credit Card Interest
I already posted a query like this before here and I'm having another problem.
As you can see in the link I provided, the one I marked as the best answer is stating that "You would need to pay the ...
- 183
5
votes
2
answers
680
views
When is the right time to pay my credit?
I am confused on when is the right time to pay my credit. Here is what is written in the paper included with my card.
Statement Date: 21st of the month
Payment Due Date: 24 days after statement ...
- 183
-2
votes
1
answer
159
views
How much will I be saving off of interests if I fully pay my mortgage earlier?
I purchased a vacant lot and opted to pay for it in installment for 60 months at an annual fixed rate.
This formula was used to calculate my monthly fee: M = P[i(1+i)^n / ((1+i)^n-1)]
I am currently ...
- 99
3
votes
1
answer
300
views
Index Fund Tracking Error acceptable value
I'm looking at a variety of index funds. I know that tracking error, loosely speaking, is the deviation of a fund's performance from that of the underlying index. I know lower is better, but I can't ...
- 246
3
votes
2
answers
37k
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How to transfer large sum from out of country to USA?
Is it easy or possible to do a large sum transfer from Philipines to USA by a Philippine citizen to buy her USA home? What is best or safest practice? I have concern about large sum restriction laws ...
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