Dear PAO,
My aunt, Shiela, has been a Filipino immigrant living in the United States of America for over 10 years. She is now retired and receives a monthly pension of $2,000. Occasionally, she returns to the Philippines for short stays. Using her pension, she purchased three condominium units in Quezon City, which she is renting out for P25,000.00/month each unit. Can you enlighten me if she is taxable for the P75,000.00 income that she earns every month? Aunt Shiela believes she is exempt from paying taxes because the money used in buying the said units was sourced outside the Philippines.
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