News. Comics. Motorsport. What Taxes Do You Need To Pay For Rental Properties in the Philippines? I’m at the point in my life where I need to buckle down and start thinking of investments which can give me passive income.
One of the best ways to earn passive income is to lease out a property. However, before I even think of where to look and how much to lease it for, I need to find out the cost of maintaining a rental property, taxes to pay and how many years before I get the return on my investments. As I’m not based in Manila, I would also need to have a trusted person or management company to do this on my behalf. Since I’ve been out of touch with Philippines Income Tax and the confusing terms on BIR website, I had to resort to asking my cousin-in-law about this issue. She’s a practicing CPA and my cousin’s family have several properties which they are currently leasing.