Hi,
I am a dual citizen USA/Philippines and would like to find out how I will be taxed by the Philippine govt on sources of US income should I become a full time resident in the Philippines; more specifically my concern is IRA withdrawals and inherited IRA withdrawals. I would love to stay in the Philippines more than 6 months per year but if these types of withdrawals are taxed by the BIR, then it would not be an economically wise decision for me to become a full time Filipino resident.
Thanks,
Randy