Apr 222015
It is possible.
Before we delve into the idea of triple taxation, a brief discussion on double taxation is necessary. Generally, tax treaties afford taxpayers with relief from double taxation. The Philippines currently has tax treaties with 42 other states. To date, 39 of these treaties are in force (the treaties with Kuwait and Nigeria being the most recent additions). All these treaties are bilateral in nature and, as such, may only allow so much relief as its two signatory states can afford — relief from their respective taxing powers, and logically so.