Gutenberg Posted February 28 Author Posted February 28 Just now, Rooster said: There are many types of Taxes in The Philippines. value added tax VAT is currently 12%. Foreign sourced income/transfers for Aliens is 0%. Link to comment Share on other sites More sharing options...
Jack Peterson Posted February 28 Posted February 28 5 minutes ago, Gutenberg said: Foreign sourced income/transfers for Aliens is 0%. Maybe But when you come to spend it there will be taxes to pay Link to comment Share on other sites More sharing options...
Gutenberg Posted February 28 Author Posted February 28 Just now, Jack Peterson said: Maybe But when you come to spend it there will be taxes to pay Now: 100% minus 40% income tax = X Me in the Phillipines: 100% minus 0% income tax = X Also currently I pay 20% VAT even on food. Being in the Phillipines will be a total victorious improvement. Link to comment Share on other sites More sharing options...
Jack Peterson Posted February 28 Posted February 28 1 minute ago, Gutenberg said: Now: 100% minus 40% income tax = X Me in the Phillipines: 100% minus 0% income tax = X Also currently I pay 20% VAT even on food. Being in the Phillipines will be a total victorious improvement. Well you asked questions which you seem to know all the answers to so I will just bypass you in future 1 Link to comment Share on other sites More sharing options...
Gutenberg Posted February 28 Author Posted February 28 Just now, Jack Peterson said: Well you asked questions which you seem to know all the answers to so I will just bypass you in future Huh. What's going on. Link to comment Share on other sites More sharing options...
Jack Peterson Posted February 28 Posted February 28 Just now, Gutenberg said: Huh. What's going on. Seems you are trying to teach us how to suck Eggs, Many of us have been here a Long long time, people give you our experience But ......................... Link to comment Share on other sites More sharing options...
Gutenberg Posted February 28 Author Posted February 28 Just now, Jack Peterson said: Seems you are trying to teach us how to suck Eggs, Many of us have been here a Long long time, people give you our experience But ......................... I can't follow?! Are you in the correct thread? 1 Link to comment Share on other sites More sharing options...
Jack Peterson Posted February 28 Posted February 28 1 minute ago, Gutenberg said: I can't follow?! Are you in the correct thread? I am are you Link to comment Share on other sites More sharing options...
Gutenberg Posted February 28 Author Posted February 28 1 minute ago, Jack Peterson said: I am are you You seem to be offended by something and I can't identify the issue and you won't tell. Link to comment Share on other sites More sharing options...
hk blues Posted February 28 Posted February 28 (edited) 16 minutes ago, Gutenberg said: Now: 100% minus 40% income tax = X Me in the Phillipines: 100% minus 0% income tax = X Also currently I pay 20% VAT even on food. Being in the Phillipines will be a total victorious improvement. I'm slightly confused - Won't your income from overseas be taxed even if you're living here in the Philippines? I mean, taxed wherever it is earned. Edited February 28 by hk blues 1 Link to comment Share on other sites More sharing options...
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