What effect does reacquiring my Philippine citizenship have on my taxes?

Under the Comprehensive Tax Reform Program of 1997, income earned abroad by Filipinos from 1998 are no longer taxable. Hence, all Filipinos abroad, including those who have reacquired their Philippine citizenship, have been exempted by the Philippine Government from paying Philippine income tax on income earned abroad.

Income earned in the Philippines, however, will still be subject to Philippine income tax.