You have demonstrated that you don't know the difference between commissions, stamp duty and taxes. Assuming the broker is in the Philippines and trading US stocks, why would I pay commission to the Philippines Stock Exchange? It has nothing to do with the PSE. Commissions are per exchange (+regulatory fees) and not by country.
is there a transaction trading PSE ? if so Jk will be convinced one has to pay the PSE transaction tax when trading US stocks from the Phils.
Hey, thought I'd chime in here. I'm based in Manila and day trade the US stock and futures market. Yes, the hours suck, but I've always been a night owl anyway. I sometimes trade the eurex open in the afternoons, but i generally do better in the U.S. markets so keep finding myself up all hours of the night. Regarding the local market, I don't know that much about it, but I haven't heard of anyone day trading it as the commissions are quite cost prohibitive with most local brokers from what I've seen. Also, if you're a foreign resident in the Phils, you are not taxed on income made outside the country so why even bother with the local market?
just curious, if you are a resident citizen in the philippines, and you trade stocks or futures in the US, what are your tax obligations in the philippines?
none, if you are a foreigner. You're only obliged to pay taxes on money made IN the Philippines. But you mentioned you're citizen, so I'm really not sure. Best to check with a local tax advisor.
I'd be-careful investing in Philippines especially if President Duarte consolidates power... Henry Blodget @hblodget Phillippines president says he needs total control to protect country http://www.businessinsider.com/rodrigo-duterte-martial-law-declaration-drug-war-in-the-philippines-2016-12… (Standard dictator playbook)
was just curious about trading US markets from the philippines for filipino citizens residing in the philippines (not really investing in the philippines).