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In a few years, I will retire and plan to go back home to Philippines after more than 27 years here in Canada. I want to buy a piece of property in the Philippines for use as my residence when I retire. I also intend to acquire a farm in the country.
Being a dual citizenship holder in Canada since 2006:
1. Are there restrictions to my acquisition of properties in the Philippines?
2. If I am going to bring home to the Philippines my car, furniture and other personal belongings, what are the possible taxes due?
3. Are there any tax exemptions?
THANKS.
Being a dual citizenship holder in Canada since 2006:
1. Are there restrictions to my acquisition of properties in the Philippines?
2. If I am going to bring home to the Philippines my car, furniture and other personal belongings, what are the possible taxes due?
3. Are there any tax exemptions?
THANKS.
