My wife is from the Philippines and I am originally from Singapore but I had to give up my Singapore citizenship because Singapore does not allow dual citizenship. So I chose Australia. I have been Australian citizen for over 25 years now. That has been the best decision I've ever made. But coming back to my wife's reason for having a dual citizenship. I am very touched that the Philippine government has a heart. Allowing the Filipino people to come back to the country they were born. We will be retiring in the Philippines in the coming future and thanks to the Philippine government, this is possible. Watching from Sydney Australia.
madami akong relatives na dual citizen 10years sila nagstay sa pilipinas tapos bumalik sa US ngayon nandito uli sila.wala naman problema at wala silang binabayarang extension of stay na napaka mahal
Ching C that’s the advantage of being dual ... don’t bother to think any negative . Be a good abiding citizen that’s all . I’m dual and I’ll never pay anything or get visa because I’m dual , no hassle .
Thank you for sharing this very helpful vlog to our kababayans kudos to you sir! I am happy that there is someone out there that cares and inform our kababayans that will help their decision making with regards to dual citizenship
I'm in the process of weighing the pros and cons of applying for SRRV or Dual citizenship. Thanks for uploading this video. You articulated the pros and cons of applying for a Dual Citizenship. The information you shared on this video has greatly helped me to discern the best option for me and my family. Thanks again, @VloggerGrandPaUSA.
Great Video! Clear and concise! I've watched too many people giving this information but they do not cover the level of detail given in this video. +1 new subscriber!
Maraming Filipino na naging US Citizens actually after 4yrs na naging permanent residents dito...din mg popost na sila sa fb nila na GOD BLESS AMERICA😃😃😃 wala ng GOD BLESS PHILIPPINES... Ako walang planong palitan or dual ang pgka pinay ko...kasi gusto ko pa rin bumalik kng saan ang pinang galingan ko.😃😃
Thank you @Philippine Retirement & Travels for this video post. Like you, I'm a Filipino guy who grew up in the Philippines but moved and lived in the US in last 35 years. But retirement is in my horizon and in 10 years plan to go back to the Philippines. I plan to apply for US-Philippines dual citizenship. Your video gave me things to plan and carefully think of before going to the Philippines Embassy to apply for dual cizenship.
My wife is dual citizen of USA and Philippines. I am US citizen. We retired here. We file Federal taxes very year. We pay no state tax. I am a resident of no state. We moved here from California. I owe nothing there. All my incomes comes from federal Government because that what I retired from. Dual citizenship works for us because she has land in here name. You have to be a Filipino citizen to do that. So its great for us.
I have just one reason for having dual citizenship.. I wanted to vote hoping it may benefit to be able to choose the rightful leader of Pinas hoping .. I know it’s a long shot, still hoping
Maraming salamat po sa pagpaliwanag. Super helpful video. I’m American but I’m pretty sure I’m eligible for dual citizenship, and this was very insightful for things to consider before committing
I liked the idea of not taxing dual citizens for what they earned working from the US jobs. And just like you said, if I were to reside back to PI, I would not be working there, I would just relax because I would be a senior citizen as well.
I am an American citizen native born retired Army, I collect disability compensation, I will never give up my citizenship, I may loose all my benefits. I have a Philippine permanent residency card, I am law abiding . respect the Philippine people.
Hi. I am a male American born citizen and I just got my dual Finnish citizenship and here's why. 1. Limit assistance abroad. I not too worried about this because I figure that if I ever needed assistance abroad (not in US or Finland) that my two governments would work together to figure out how to best help me. Besides it would seem to be not a frequent issue especially as I plan on being a good law abiding citizen of both countries. 2. Military service. Finland does have mandatory military service. However those living in America (aka me) are exempt from this requirement as well as those with dual citizenship (me again). Its more of a suggestion for me to do the service and I probably might do it later, but this isn't the end of the world for me. 3. Potential for double taxation. The US and Finland have a tax treaty between them. 4. Career problems. I don't plan on joining the military unless it's to fulfill my non required (as explained above) Finnish military service in which case I will not stay longer than nessesary. I plan on joining the Aviation field so I can't see this being an issue, but actually a major advantage as I can live and work freely in the EU and US! 5. Lengthy expensive process. This comes to why it was a Dual Finnish citizenship instead of another country or no country. My mother was born in Finland and by law of blood I was permitted citizenship. The process was extremely easy for me too! Even friends and Family in Finland were surprised by how quick, easy, and straightforward it was for me to get my citizenship (I mean shockingly quick)! Thanks for reading!
Jam Tayo You can purchase a house or residence but not a land where it stands. For lease lang ang mangyayari sa binili mong bahay. Only a citizen can acquire a land property
I decided to defer my application for dual citizenship until I know for sure if I will retire and live in the Philippines. For now, I feel more secure travelling anywhere around the world as a citizen of my current country of residence.
Note: treaty involves only tax on income. There is still the possibility of double taxation when one dies and becomes liable for estate tax in the US and the Philippines.
When one reaches the age of retirement and begins to think about estate planning, being subject to two jurisdictions who can tax you for properties owned wherever located may be a disadvantage.
chesogsiphonography vlog regarding properties, since it’s dual the mere fact one remains a Pinoy estate tax can only be taxed in Pinas. There shouldn’t be any taxation in the US no need to disclose property sa ibang bansa since taxed na yun doon.
Marilyn RM not true when it comes to estate tax. That only applies to income tax based on RP-US treaty. There is no provision in it concerning estate taxes. As a Filipino Citizen, one is required, by law, to include in his gross estate, all properties found anywhere in the world. BIR may not have the capacity as of the moment to investigate/know all your properties. However, there is no telling when will technology catch up with the provision of law.
i saw what you said about canada not accepting your education. i am sorry that happened to you. they should have told you beforehand. but you were able to go on and be successful in the usa and that is nice. i watched alot of your videos. such a wise man.
So if you are retired : you are probably too old to commit a crime, too old to get drafted for military service, if you don’t want to open a business, dual citizenship is not an issue ( if living in the Philippines). If in the US or Phils( for older folks), it allows you to buy unlimited land and avoids the high exits fees when leaving the Philippines.
You are right dual are more for retirees. My sis in law who is American citizen but now living and working in Toronto, Cda. requires to file both on two separate taxes.
Thank you for sharing. New friend here. I'm a filipino citizen I've been here in the US since 1986 and im a permanent resident here I haven't decided if I want to get my citizenship. Thank you for your advice.
Hello Vlogger Grandpa, I like watching all your informative videos! I just got my dual citizenship this month! It was memorable in the oath taking! I was allowed to renew my Philippine passport after that. Mabuhay! When I go home, I plan to visit Leni Robredo in Angat Buhay, lend her my support!
My father did not have any problem having dual citizenships. He went home while71 yrs old because my mother died and he reached the age of 83 without any problem with the dual cits.tnx.
All true. The big problem with being a dual citizen ( US/Filipino) is taxes. You'll still be required to file taxes if, like me, you're living in the Philippines, and you have any US income. I only have $1200 US income a year, but I still have to file each year, and pay a self-employment tax.
Dual Phil-US citizens RESIDING in the PHILIPPINES are subjected to WORLDWIDE income. You might be retired as a dual citizen in the Philippines but your non-wage income coming from US brokerages ( dividends ), withdrawals from your tax deferred 401k/403b are subjected to Philippine income tax. You could have $40k worth of dividends/interest In your US brokerage/banks and it will be taxed by the Phil government as soon as you permanently retire in the Philippines/ or meet residency qualification. It is very important to know this. Article 23 of the treaty stipulates the “Relief from Double Taxation” Applying the information in the case of dividends, the US taxes you (when you retire) at a maximum of 20% . The Philippine govt according to Article 11 of the treaty will tax you a maximum of 25%. If you credit the 20% US tax that you paid to the 25% tax that the Phil gov is imposing, you are still on the hook for 5% Philippine tax on the dividends. So the US-PHIL Income Tax Treaty is just a tax credit to avoid double taxation. BUT The treaty doesn’t prevent you from paying the net taxation after the double taxation credit has been applied. In this case you will pay a potential net 5% to the Philippine govt on your US based dividends. The double taxation is only good if both the US and the Philippines have the exact same rate of taxation. If one has a higher taxation ( US: 20% vs PH: 25%) then you are liable for the net taxation ( on this case 5% to the Phil Gov)
Mabuhay manong! I've been toying with this thought for a few years. My father was a Filipino national who was hired by the Federal Gov't in the building of a military base here on Guam. He eventually became a naturalized American citizen. I had not really known my relatives there until way into my adulthood. I was born in 1959 and saw my titas for the first time in 1991 when tatay brought them to Guam for my mom's funeral. I was shocked when I first saw them...hahaha... they were versions of my tatay. I never thought anyone would look like my tatay. Dad fathered 2 pinoy mixed boys. I'm at retiring age now. And I want to retire in the Philippines. I'm still single. I want to live my remaining years getting to know my close relatives. I also have a reared son. A nephew introduced me took a young pinoy boy who was struggling for an education. At that time I was assisting already 2 nursing students with their education as nurses. Not full support but partial. One was studying for his examination to be a registered nurse and the other was looking for a nursing job but was having no luck. Too many nurses with very little open positions for nurses. In any case I couldn't fully help the young guy my nephew introduced me to. Financially strapped by my nursing students. So I asked the young guy to look for a job while I tried to complete my assistance for the 2 nursing students. He needed a job to support him and his mom. So I helped him there. The years went on and I helped him here and there between jobs. Years went by when he asked if he could call me dad. In his words, I was providing things for him that his father wasn't doing. His father abandoned him and his mother when he was a little boy. Well... I'm now dad. And I now 4 apo. All born under my watchful eyes. I now have a role I hold dear to my heart. I want to grow old with my apo. The eldest is in 2nd grade. I want to be there for them. What are you're thoughts about this if you don't mind. Even if I remain here in Guam, my home, I can see me traveling back and forth to be with my apo.
@Vernon Kamiaz That's very generous of you to be supporting those "distant relatives." Thank you for your generosity. I wish more people will be like you. 🙂
@Vernon Kamiaz You may have been a Filipino citizen at birth if you were born while your father was still Filipino Citizen. If so, you have to file a Report of Birth and get your Philippine Passport. Then, you can do anything a Filipino citizen can.
@Vernon Kamiaz Well, go for it. Put together all documents and evidence that your father was still Filipino citizen, such as his birth certificate (in the Philippines) and Naturalization documents to show that he was naturalized after you were born.
Some Pinoys adopt a Westernized name during naturalization. Juan dela Cruz becomes John dela Cruz and it shows in his US passport. After becoming a dual citizen, I presume his PHL passport will show as Juan dela Cruz since that is what is in his PHL birth certificate. Which name does he use to buy an airline ticket since the name on the ticket must match his passport name? Which name does he use to open a bank account in PHL or to buy a condo? Juan or John?
@@DK-zm2vr But the situation is a dual citizen with two different names in his passports. His PHL passport says Juan dela Cruz while his US passport says John dela Cruz. Do you buy your ticket as Juan (PHL passport) or as John (USA passport) dela Cruz? There is not enough space in the airline ticket to accommodate an AKA (Also Known As) name.
Its not a big deal if you are using diff names to different passport (dual) as long as you have the affidavit from the phil embassy saying you change your name.
What if you were accused of a crime you did not commit while you were in another country? This is the first thing that came to my mind when I heard about #1.
Then U.S. can't do anything for you. If this happened to you, it is a major consideration. Another question is, how many times has this happened to an American citizen? Is it likely to happen to you? I think if you ask, "what if I get hospitalized" will be a more likely question. 🙂
I applied for my dual citizenship on November 2022…to this day, June 26, 2023, I am still waiting for my dual citizenship certificate . I should have applied here in North America! Do not apply in the Philippines for your dual citizenship as it will take forever to process in the Philippines’ Bureau of Immigration! Somethings NEVER CHANGE IN THE PHILIPPINES 😪
If your a a US citizen or dual citizen living in the Philippines and your making income via youtube or online english tutoring, do you have to pay tax to the Philippines or just the United States or both?
As a naturalized US citizen, native born Filipinos are given one year automatically when visiting the old country. What will you do in the Philippines for one year anyway.
Thank you for importation ! Maybe I gonna go back . I'm American citizen , because my Pent ion is not good enough to survive here in California . The only way is to go back again for good ! The rent here in California is expensive ! So living for nothing .
Only good thing of having two nationality it is not just about all taxes but as far as concerned of your health privileges in the long run , US has this one such a medicare plan benefits , not for Philippines if there’s one but limited to who those only pay out of your pocket Other than that if you have nothing and you are in a major health issue , that would be a risky thing to deal with unlike in USA shouldn’t be no worries about o in the future
People do it for reasons other than just simply being able to stay in the PI. One of them is being able to own and sell property that are in their names.
Planning to get a dual citizenship, can I stay n retired in the Philippines with my SS, do I need to report to do Philippines consulate n U.S. Embassy Thank you for all the help u can provide
@Gerald Guieb Yes, you can retire in the Philippines and you will be allowed to receive your US Social Security Benefit in the Philippines. Usually, you apply at the Philippine Consulate office that has jurisdiction over the state where you're located. However, when I renewed my passport in Oct 2020 in NYC, I asked one person about my daughter who now lives in Washington State. He said she could set-up an appointment and apply in New York City. However, I suggest that you call and talk to someone at the Consulate you're interested in going, and get the name of the person you talked to who said it's okay to apply there although it is outside of their jurisdiction, then setup an appointment to go. Sometimes asking 2 people the same question will yield two different answers. So, I'm just cautioning you. Here's the list of consular offices with jurisdiction where you live: www.philippinessanfrancisco.org/philippines-sf/consulate-finder-sf/ Note that some of them do not have the email address, and you will just have to try to call the office. Hopefully, someone answers the call.
Hi Sir, this topic is very helpful...am a permanent resident...now thinkin' twice for this....everyday i learned about this kind of processing...if i remain a permanent...i can't Vote... Here...only on my Motherland Country....will think & study for this...God bless you always...Sir for sharing this helpful tips...love from Florida
question, acquired British citizenship, then dual citizenship after, then moved to US by marriage & earned US passport. Do I have to apply for re-acquisition of Philippine citizenship again? Does the Philippines accept triple citizenship?
Yes, except that you have to worry about your immigration status in the US. You are not allowed to be out of the US longer than 6 months. This used to be 12 months, but I heard (unconfirmed) that it is now limited to 6 months.
@@jefpalmertexas5032 of course you would lose your security clearance, cause you’re saying you no longer pledge your allegiance to the United States of America! As you should!
![Lp. Сердце Вселенной #1 НАЧАЛО ПУТЕШЕСТВИЯ [Новый сезон] • Майнкрафт](http://i.ytimg.com/vi/380Q7gLWGvk/mqdefault.jpg)
My wife is from the Philippines and I am originally from Singapore but I had to give up my Singapore citizenship because Singapore does not allow dual citizenship. So I chose Australia. I have been Australian citizen for over 25 years now. That has been the best decision I've ever made. But coming back to my wife's reason for having a dual citizenship. I am very touched that the Philippine government has a heart. Allowing the Filipino people to come back to the country they were born. We will be retiring in the Philippines in the coming future and thanks to the Philippine government, this is possible. Watching from Sydney Australia.
Only the Philippines allowing dual citizenship so far i know. Not to speak about western countries
madami akong relatives na dual citizen 10years sila nagstay sa pilipinas tapos bumalik sa US ngayon nandito uli sila.wala naman problema at wala silang binabayarang extension of stay na napaka mahal
Ching C that’s the advantage of being dual ... don’t bother to think any negative . Be a good abiding citizen that’s all . I’m dual and I’ll never pay anything or get visa because I’m dual , no hassle .
Thank you for sharing this very helpful vlog to our kababayans kudos to you sir! I am happy that there is someone out there that cares and inform our kababayans that will help their decision making with regards to dual citizenship
Sir not only committing crimes ,i think , even if you become a victim of a crime your number 1 reason applied ,so it’ s a big no
Are you retired US Military?
Very informative po! I myself, have been thinking about this when your video suddenly showed in my recommendation. Thank you!
I'm in the process of weighing the pros and cons of applying for SRRV or Dual citizenship. Thanks for uploading this video. You articulated the pros and cons of applying for a Dual Citizenship. The information you shared on this video has greatly helped me to discern the best option for me and my family. Thanks again, @VloggerGrandPaUSA.
Ah okay Sir..tnx for having ur time po.
Great Video! Clear and concise! I've watched too many people giving this information but they do not cover the level of detail given in this video. +1 new subscriber!
Maraming Filipino na naging US Citizens actually after 4yrs na naging permanent residents dito...din mg popost na sila sa fb nila na GOD BLESS AMERICA😃😃😃 wala ng GOD BLESS PHILIPPINES... Ako walang planong palitan or dual ang pgka pinay ko...kasi gusto ko pa rin bumalik kng saan ang pinang galingan ko.😃😃
pwede kang ma deport pag green card ka ......makipag away kalang, tagilid ka......be warned
I think, if ur from u.s it's kinda difficult but if ur from any other friendly country.. it's good to have dual CITIZENSHIP
Salamat po. It's good to know about this information before I apply for dual citizenship.
thank you for your videos, my wife and I have been watching them to help us get ready to move to Cebu.
Thank you @Philippine Retirement & Travels for this video post.
Like you, I'm a Filipino guy who grew up in the Philippines but moved and lived in the US in last 35 years. But retirement is in my horizon and in 10 years plan to go back to the Philippines. I plan to apply for US-Philippines dual citizenship.
Your video gave me things to plan and carefully think of before going to the Philippines Embassy to apply for dual cizenship.
My wife is dual citizen of USA and Philippines. I am US citizen. We retired here. We file Federal taxes very year. We pay no state tax. I am a resident of no state. We moved here from California. I owe nothing there. All my incomes comes from federal Government because that what I retired from. Dual citizenship works for us because she has land in here name. You have to be a Filipino citizen to do that. So its great for us.
Thanks for the advice
I have just one reason for having dual citizenship.. I wanted to vote hoping it may benefit to be able to choose the rightful leader of Pinas hoping .. I know it’s a long shot, still hoping
you should vote early and vote often as much as you can.
Maraming salamat po sa pagpaliwanag. Super helpful video. I’m American but I’m pretty sure I’m eligible for dual citizenship, and this was very insightful for things to consider before committing
Thanks! Very informative 👍
Thank you so much for this video, it is very helpful, God bless you po!
I liked the idea of not taxing dual citizens for what they earned working from the US jobs.
And just like you said, if I were to reside back to PI, I would not be working there, I would just relax because I would be a senior citizen as well.
I am an American citizen native born retired Army, I collect disability compensation, I will never give up my citizenship, I may loose all my benefits. I have a Philippine permanent residency card, I am law abiding . respect the Philippine people.
Vloger Grandpa USA thank you for helping the Tips about Dual Citizenship GOD BLESS YOU
This is good information. My wife is a Filipina and I need to think about this thing.
Great information, especially the one dealing with the state of residence when filing taxes. I did not look into that before. Thank you!
Hi. I am a male American born citizen and I just got my dual Finnish citizenship and here's why.
1. Limit assistance abroad. I not too worried about this because I figure that if I ever needed assistance abroad (not in US or Finland) that my two governments would work together to figure out how to best help me. Besides it would seem to be not a frequent issue especially as I plan on being a good law abiding citizen of both countries.
2. Military service. Finland does have mandatory military service. However those living in America (aka me) are exempt from this requirement as well as those with dual citizenship (me again). Its more of a suggestion for me to do the service and I probably might do it later, but this isn't the end of the world for me.
3. Potential for double taxation. The US and Finland have a tax treaty between them.
4. Career problems. I don't plan on joining the military unless it's to fulfill my non required (as explained above) Finnish military service in which case I will not stay longer than nessesary. I plan on joining the Aviation field so I can't see this being an issue, but actually a major advantage as I can live and work freely in the EU and US!
5. Lengthy expensive process. This comes to why it was a Dual Finnish citizenship instead of another country or no country. My mother was born in Finland and by law of blood I was permitted citizenship. The process was extremely easy for me too! Even friends and Family in Finland were surprised by how quick, easy, and straightforward it was for me to get my citizenship (I mean shockingly quick)!
Thanks for reading!
I'm just become u.s citizens this year.planning to get dual citizenship soon.thank you sir is very informative .
This is good to know. I was always wondering what benefit can I get from having dual citizenship and I can’t think of any. So no dual for me.
Don't despair. Here's another link that explains the benefits: ua-cam.com/video/Z3eLWLeHWE0/v-deo.html
LeiSalazar Vlogs pag hindi ka dual hindi ka mka bili nang bahay s pinas
Jb Codilla may property ako sa pinas before ako naging US citizen last year,need ba talaga ako mag dual?
Jam Tayo You can purchase a house or residence but not a land where it stands. For lease lang ang mangyayari sa binili mong bahay. Only a citizen can acquire a land property
Jb Codilla hindi ka pwede mag own ng land pero real estate like condo pwede
A lot of information here. Thank you. I'm retiring this year and plan to go back to the Philippines.
I decided to defer my application for dual citizenship until I know for sure if I will retire and live in the Philippines.
For now, I feel more secure travelling anywhere around the world as a citizen of my current country of residence.
No one will ask you if you’re a dual citizen. No need to worry about it
Can only "serve" ONE master po.
Different people have different circumstances.
No one shoe fits all.
Note: treaty involves only tax on income. There is still the possibility of double taxation when one dies and becomes liable for estate tax in the US and the Philippines.
When one reaches the age of retirement and begins to think about estate planning, being subject to two jurisdictions who can tax you for properties owned wherever located may be a disadvantage.
chesogsiphonography vlog regarding properties, since it’s dual the mere fact one remains a Pinoy estate tax can only be taxed in Pinas. There shouldn’t be any taxation in the US no need to disclose property sa ibang bansa since taxed na yun doon.
Marilyn RM not true when it comes to estate tax. That only applies to income tax based on RP-US treaty. There is no provision in it concerning estate taxes. As a Filipino Citizen, one is required, by law, to include in his gross estate, all properties found anywhere in the world. BIR may not have the capacity as of the moment to investigate/know all your properties. However, there is no telling when will technology catch up with the provision of law.
In my own opinion Sir better USA citizenship not dual,Thanks for the information
i saw what you said about canada not accepting your education. i am sorry that happened to you. they should have told you beforehand. but you were able to go on and be successful in the usa and that is nice. i watched alot of your videos. such a wise man.
So if you are retired : you are probably too old to commit a crime, too old to get drafted for military service, if you don’t want to open a business, dual citizenship is not an issue ( if living in the Philippines). If in the US or Phils( for older folks), it allows you to buy unlimited land and avoids the high exits fees when leaving the Philippines.
Thank you for information.. God bless!!
lolo dont worry too much you're a senior citizen usa and phil will not bother you whether you're a dual or multiple citizen just enjoy life.
Dual Citizen here. Didn't know about the US taxing foreign income. Thanks for the info, sir.
You are right dual are more for retirees.
My sis in law who is American citizen but now living and working in Toronto, Cda.
requires to file both on two separate taxes.
Great video. Well organized.
Great info, as usual!
Maraming salamat po sir, ang dami kong natutunan concerning sa dual citizenship, I was thinking to be dual...
Hello grandpa! I really love your videos. very helpful! ❤
that's why i choose one citizen
Yes. Because no person should be STATELESS!!!
Very informative po I just got my dual yesterday 🥰🥰🥰
Thank you for sharing. New friend here. I'm a filipino citizen I've been here in the US since 1986 and im a permanent resident here I haven't decided if I want to get my citizenship. Thank you for your advice.
Thanks for the info sir. It makes a lot since to me. I'm thinking about to do a dual citizen. But I napanood kita sir.
Hello Vlogger Grandpa, I like watching all your informative videos! I just got my dual citizenship this month! It was memorable in the oath taking! I was allowed to renew my Philippine passport after that. Mabuhay! When I go home, I plan to visit Leni Robredo in Angat Buhay, lend her my support!
Congratulations!
Transfer money to Philippines do I use remittly as my US bank does not do international transfers
My father did not have any problem having dual citizenships. He went home while71 yrs old because my mother died and he reached the age of 83 without any problem with the dual cits.tnx.
You are great grandma nice vlog very informative
All true. The big problem with being a dual citizen ( US/Filipino) is taxes. You'll still be required to file taxes if, like me, you're living in the Philippines, and you have any US income. I only have $1200 US income a year, but I still have to file each year, and pay a self-employment tax.
Thanks for sharing this to us! Very informative.
I just got mine last June and a Phil passport too.
The US will tax any income outside the US, if the income is more than US$8,000. Not subject to tax any income that is less than US$8,000.
Is it $8000.00 a year or a month?
Dual Phil-US citizens RESIDING in the PHILIPPINES are subjected to WORLDWIDE income. You might be retired as a dual citizen in the Philippines but your non-wage income coming from US brokerages ( dividends ), withdrawals from your tax deferred 401k/403b are subjected to Philippine income tax. You could have $40k worth of dividends/interest In your US brokerage/banks and it will be taxed by the Phil government as soon as you permanently retire in the Philippines/ or meet residency qualification. It is very important to know this.
Article 23 of the treaty stipulates the “Relief from Double Taxation” Applying the information in the case of dividends, the US taxes you (when you retire) at a maximum of 20% . The Philippine govt according to Article 11 of the treaty will tax you a maximum of 25%. If you credit the 20% US tax that you paid to the 25% tax that the Phil gov is imposing, you are still on the hook for 5% Philippine tax on the dividends. So the US-PHIL Income Tax Treaty is just a tax credit to avoid double taxation. BUT The treaty doesn’t prevent you from paying the net taxation after the double taxation credit has been applied. In this case you will pay a potential net 5% to the Philippine govt on your US based dividends. The double taxation is only good if both the US and the Philippines have the exact same rate of taxation. If one has a higher taxation ( US: 20% vs PH: 25%) then you are liable for the net taxation ( on this case 5% to the Phil Gov)
The downside of being US citizen. Sure, it has many upsides, but being taxed on your global income is certainly one.
senior do not want trouble..Pray to God help and protect. Thanks
Well you can always apply to renounce your Philippine citizenship by applying in the Philippine consulate.
Thanks for taking time making this video this something important to keep in mind God bless you may live longer Life
HAPPY HOLIDAYS
USA
PHILIPPINES
GOD BLESS OUR FAMILY
Mabuhay manong! I've been toying with this thought for a few years. My father was a Filipino national who was hired by the Federal Gov't in the building of a military base here on Guam. He eventually became a naturalized American citizen. I had not really known my relatives there until way into my adulthood. I was born in 1959 and saw my titas for the first time in 1991 when tatay brought them to Guam for my mom's funeral. I was shocked when I first saw them...hahaha... they were versions of my tatay. I never thought anyone would look like my tatay. Dad fathered 2 pinoy mixed boys. I'm at retiring age now. And I want to retire in the Philippines. I'm still single. I want to live my remaining years getting to know my close relatives.
I also have a reared son. A nephew introduced me took a young pinoy boy who was struggling for an education. At that time I was assisting already 2 nursing students with their education as nurses. Not full support but partial. One was studying for his examination to be a registered nurse and the other was looking for a nursing job but was having no luck. Too many nurses with very little open positions for nurses. In any case I couldn't fully help the young guy my nephew introduced me to. Financially strapped by my nursing students. So I asked the young guy to look for a job while I tried to complete my assistance for the 2 nursing students. He needed a job to support him and his mom. So I helped him there. The years went on and I helped him here and there between jobs. Years went by when he asked if he could call me dad. In his words, I was providing things for him that his father wasn't doing. His father abandoned him and his mother when he was a little boy. Well... I'm now dad. And I now 4 apo. All born under my watchful eyes. I now have a role I hold dear to my heart. I want to grow old with my apo. The eldest is in 2nd grade. I want to be there for them.
What are you're thoughts about this if you don't mind. Even if I remain here in Guam, my home, I can see me traveling back and forth to be with my apo.
@Vernon Kamiaz That's very generous of you to be supporting those "distant relatives." Thank you for your generosity. I wish more people will be like you. 🙂
@@vloggergrandpa2707 would I be able to purchase farm property under my name?
@Vernon Kamiaz You may have been a Filipino citizen at birth if you were born while your father was still Filipino Citizen. If so, you have to file a Report of Birth and get your Philippine Passport. Then, you can do anything a Filipino citizen can.
@@vloggergrandpa2707 if I'm not mistaken my dad was still a Filipino National.
@Vernon Kamiaz Well, go for it. Put together all documents and evidence that your father was still Filipino citizen, such as his birth certificate (in the Philippines) and Naturalization documents to show that he was naturalized after you were born.
Thank you eye opener…….
US is supposedly best for health care. Most expensive too. I’d be wary about health care outside america.
Ohh..you dont wanna be sick in the Philippines...hell nahhhh..they will create bullshit to get money outta you...
By the way , I am a subscriber of your video and had been watching many of your videos. Also a dual citizen
Hello Ludivica Dargin, thanks for subscribing! Please don't forget to tap the NOTIFICATION BELL to receive notification of new videos.
Very clear ang explanation salamat po!
I’m dual citizenship Grandpa…🇨🇭and🇵🇭🤔
Some Pinoys adopt a Westernized name during naturalization. Juan dela Cruz becomes John dela Cruz and it shows in his US passport. After becoming a dual citizen, I presume his PHL passport will show as Juan dela Cruz since that is what is in his PHL birth certificate. Which name does he use to buy an airline ticket since the name on the ticket must match his passport name? Which name does he use to open a bank account in PHL or to buy a condo? Juan or John?
Honestly? I don't know. I'll use an AKA (also known as) name. 🙂
Use what in your passport to buy ticket.
@@DK-zm2vr But the situation is a dual citizen with two different names in his passports. His PHL passport says Juan dela Cruz while his US passport says John dela Cruz. Do you buy your ticket as Juan (PHL passport) or as John (USA passport) dela Cruz? There is not enough space in the airline ticket to accommodate an AKA (Also Known As) name.
Its not a big deal if you are using diff names to different passport (dual) as long as you have the affidavit from the phil embassy saying you change your name.
What if you were accused of a crime you did not commit while you were in another country? This is the first thing that came to my mind when I heard about #1.
Then U.S. can't do anything for you. If this happened to you, it is a major consideration. Another question is, how many times has this happened to an American citizen? Is it likely to happen to you? I think if you ask, "what if I get hospitalized" will be a more likely question. 🙂
Another awesome information. Thanks Danny.
I will think about this when im about to retire. Thank you for the info.
I got here because of dual citizenship issue of mr gabby lopez..
Thanks for the info!
Thank you for this informative and helpful video.
Roard accident can put you in trouble and be prosecuted... also tanim bala in airport for example.
Great example po! I guess if u can afford a driver, it's probably the best option for that!
Exactly! That's what I was afraid of!
I applied for my dual citizenship on November 2022…to this day, June 26, 2023, I am still waiting for my dual citizenship certificate . I should have applied here in North America! Do not apply in the Philippines for your dual citizenship as it will take forever to process in the Philippines’ Bureau of Immigration! Somethings NEVER CHANGE IN THE PHILIPPINES 😪
Thank you. You save from reading and research.
Thanks for the information.
None of these apply for Filipinos thinking of retiring in the Philippines.
If your a a US citizen or dual citizen living in the Philippines and your making income via youtube or online english tutoring, do you have to pay tax to the Philippines or just the United States or both?
Great information! Thank you.
Thank you much sir of the information it's adds my knowledge about your topic In dual citizenship Godbless you more
What about those senator and congressman/ women whose dual citizen they are serving the government how come they don't lose their us citizenship .
It's because they're politicians.
I just recently became a US citizen, and prior to this, I purchased a condo in the Philippines. Will I have any problem now that I am a US citizen?
No problem. Foreigners are allowed to own condominium because you do not own the land. The Condominium Corporation owns it.
@@vloggergrandpa2707 Awesome! Thank you sir. 🙏🏼
@@vloggergrandpa2707 I'm in Philippines and I decided to stay. Saan po ako dapat mag apply dito sa pilipinas?
I assume that you are talking about applying for Social Security benefit. Go to the U.S. Embassy.
@@vloggergrandpa2707 your subject is about dual citizenship. I'm in the Philippines right now. Where do I go to apply? Thanks
Agree. It's a good information. Thanks.
I share your channel to my friends and relatives very imformative God bless Sir Stay Healthy
@Josie Blanco Awesome! Thanks.
As a naturalized US citizen, native born Filipinos are given one year automatically when visiting the old country. What will you do in the Philippines for one year anyway.
Live just like native do
Thank you for importation ! Maybe I gonna go back . I'm American citizen , because my Pent ion is not good enough to survive here in California . The only way is to go back again for good ! The rent here in California is expensive ! So living for nothing .
Yes, very expensive to live in CA.
10 years ago my rent for a 1 bedroom apt in los angeles was $900
Great channel , I subscribed a while ago your knowledge is awesome
Mabuhay po kayo kuya. Salamat sa mga advise
Only good thing of having two nationality it is not just about all taxes but as far as concerned of your health privileges in the long run , US has this one such a medicare plan benefits , not for Philippines if there’s one but limited to who those only pay out of your pocket
Other than that if you have nothing and you are in a major health issue , that would be a risky thing to deal with unlike in USA shouldn’t be no worries about o in the future
I dont see the need for dual citizenship when I can stay there for 1 year under the balikbayan program. One year is a long time.
Amen
People do it for reasons other than just simply being able to stay in the PI. One of them is being able to own and sell property that are in their names.
Really appreciates all the helpful information you put out in this vlog
Thank you sir for the information 🙏
Planning to get a dual citizenship, can I stay n retired in the Philippines with my SS, do I need to report to do Philippines consulate n U.S. Embassy Thank you for all the help u can provide
@Gerald Guieb Yes, you can retire in the Philippines and you will be allowed to receive your US Social Security Benefit in the Philippines. Usually, you apply at the Philippine Consulate office that has jurisdiction over the state where you're located. However, when I renewed my passport in Oct 2020 in NYC, I asked one person about my daughter who now lives in Washington State. He said she could set-up an appointment and apply in New York City. However, I suggest that you call and talk to someone at the Consulate you're interested in going, and get the name of the person you talked to who said it's okay to apply there although it is outside of their jurisdiction, then setup an appointment to go. Sometimes asking 2 people the same question will yield two different answers. So, I'm just cautioning you. Here's the list of consular offices with jurisdiction where you live: www.philippinessanfrancisco.org/philippines-sf/consulate-finder-sf/
Note that some of them do not have the email address, and you will just have to try to call the office. Hopefully, someone answers the call.
we just did! good info.
Grandpa, we are one in this for the same reason you have. I am Can-Fil (dual) just very recently.
Hi Sir, this topic is very helpful...am a permanent resident...now thinkin' twice for this....everyday i learned about this kind of processing...if i remain a permanent...i can't Vote...
Here...only on my Motherland Country....will think & study for this...God bless you always...Sir for sharing this helpful tips...love from Florida
Spicy Lady I’m thinking about dual citizenship too. It’s a hard decision
Does this apply to any country.
I'm U.S. citizen born but I want be a Mexican citizen also should I get my dual citizenship
I'm not familiar with Mexican laws. Sorry. Only U.S. & Philippines.
Pepe G I’m in the process of getting my mexico citizenship. I’m a us citizen but now I’m considering haha
question, acquired British citizenship, then dual citizenship after, then moved to US by marriage & earned US passport. Do I have to apply for re-acquisition of Philippine citizenship again? Does the Philippines accept triple citizenship?
Good question. I really don't know. Please check with Philippine Immigration.
There is absolutely no reason to have dual citizenship, unless for business reasons. I personally do believe in it.
dual buy land in your name
Great advice!!! Now I'm definitely not looking for get my second citizenship. Thank you sir!!!👏👏
Granpa.i am a permanent resident..can i retire in the phil?im planning to retire at 62.
Yes, except that you have to worry about your immigration status in the US. You are not allowed to be out of the US longer than 6 months. This used to be 12 months, but I heard (unconfirmed) that it is now limited to 6 months.
Now it's must be less than 6 months is allowed for immigrants to go back to US
So dual citizen for totally retired!!! If u work for us gov don’t think about getting dual citizenship u myt lose your clearance!!
good to know. i was this close of actually applying for duality: I did not know you can lose your security clearance....thanks for the info...
So if your retired what dif does it make.
@@jefpalmertexas5032 of course you would lose your security clearance, cause you’re saying you no longer pledge your allegiance to the United States of America! As you should!
Therefore it is advisable for retirees.
Thanks for the info. I’m a dual citizen with US and Canada citizenships. I never thought to check the state income tax, I’ll do that now.