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  1. Join Date
    Sep 2005
    Posts
    3,829
    #11
    Quote Originally Posted by shadow View Post
    since OFWs are income tax free, what if palabasin na OFW ang contract eh sa abroad but supposedly assigned and based here, will it fly?

    expat but tax free?
    Wag na lang declare. Bank to bank naman yan eh.

  2. Join Date
    Dec 2005
    Posts
    39,162
    #12

    Register the company as Regional HQ..... 15% lang ang tax ng mga empleyado, pero may cut off ang sweldo at position....

    But, you have to show branches in Asia....
    15.2K:froggy:

  3. Join Date
    Oct 2002
    Posts
    40,038
    #13
    Quote Originally Posted by CVT View Post

    Register the company as Regional HQ..... 15% lang ang tax ng mga empleyado, pero may cut off ang sweldo at position....

    But, you have to show branches in Asia....
    15.2K:froggy:
    this can be explore more...will they be able to check if we only have a pseudo branches? like a 1 room/1 man branches in Asia?

  4. Join Date
    Nov 2002
    Posts
    1,326
    #14
    Quote Originally Posted by shadow
    I know the de minimis... na walang ka kwenta kwenta...any other tax shield na malaking amount na pwedeng mawala? fringe benefits hinde rin pwede yan dahil more or less company sumasalo eh...

    wala ba sa private katulad ng sa SC na mga RATA, special allowance, etc, etc.na tax free?

    paano mababawasan ng 10-12% tax ang monthly income?

    honestly I alaready to talked to a tax lawyer, more or less ganyan din mga sinasabi... I want what Corona is getting kahit yun mga tax free allowances lang niya...bwisit!

    hinde rin pwede na liitian ang basic then mas malaki ang allowance, since meron ngang capped ang allowances...
    I think wala na. Either de minimis, fringe benefit ( at least nakinabang din employee) or creative accounting.... There is a provision na basta business related and for the benefit of the employer... Sonsa provision na yan maaari siguro masubujsn... But the company runs the risk of tax exposure

  5. Join Date
    Nov 2002
    Posts
    1,326
    #15
    Quote Originally Posted by shadow
    since OFWs are income tax free, what if palabasin na OFW ang contract eh sa abroad but supposedly assigned and based here, will it fly?

    expat but tax free?
    Ofw technically should not be tax free din....

    Nirc taxes All income derived whether locally or obtained abroad... Question lang is how can BIR get truthful and accurate information on your income from anroad... Di lang masyado tinututukan ng BIR ofw since it will also be political suicide... Bagong bayani kuno tapos hahulin for taxes...


    Related din to sa case vs Pacquiao... Wala nga source BIR ng mga contracts sa kay Pacquiao din lang talaga pwede makuha...

  6. Join Date
    Oct 2002
    Posts
    40,038
    #16
    Quote Originally Posted by wowiesy View Post
    I think wala na. Either de minimis, fringe benefit ( at least nakinabang din employee) or creative accounting.... There is a provision na basta business related and for the benefit of the employer... Sonsa provision na yan maaari siguro masubujsn... But the company runs the risk of tax exposure
    here's the irony, I'm the employee and I am the company... so fringe out of the picture na...

  7. Join Date
    Jun 2011
    Posts
    4,513
    #17
    Quote Originally Posted by shadow View Post
    registering the company as charitable institution is out of the picture, impossible sa amin yan... so wala na talaga pag asa unless you cook the books? pucha naman oh! SC bakit kayo pwede kami hinde! bullshit!
    may loophole po kasi ang batas natin at para naman po makaagapay sa hirap ang mga empleyado ng gobyerno sa hirap po kasi ng buhay ngayon pag may tax pa po ang mga yan napakalaking kawalan po sa amin..... sa 100k po ang tax dyan nasa 30K!! ganun po kasi kalaki.... at hindi lang naman S.C. ANG GANYAN... madaming govt. agencies po na ang ibang benifits and allowances nila eh tax free.....

  8. Join Date
    Oct 2002
    Posts
    40,038
    #18
    Quote Originally Posted by glenn manikis

    may loophole po kasi ang batas natin at para naman po makaagapay sa hirap ang mga empleyado ng gobyerno sa hirap po kasi ng buhay ngayon pag may tax pa po ang mga yan napakalaking kawalan po sa amin..... sa 100k po ang tax dyan nasa 30K!! ganun po kasi kalaki.... at hindi lang naman S.C. ANG GANYAN... madaming govt. agencies po na ang ibang benifits and allowances nila eh tax free.....
    do you happen to know what are the loopholes?

  9. Join Date
    Jun 2011
    Posts
    4,513
    #19
    Quote Originally Posted by shadow View Post
    do you happen to know what are the loopholes?
    wag nalang po sakin mangaling baka ma tax pa kami ng hindi oras... may code of conduct din po kami bawal mag divulge ng mga bagay na ganyan.... sa trial po ng impeachment lumabas or lalabas po naman yan....

  10. Join Date
    Oct 2002
    Posts
    40,038
    #20
    Quote Originally Posted by glenn manikis

    wag nalang po sakin mangaling baka ma tax pa kami ng hindi oras... may code of conduct din po kami bawal mag divulge ng mga bagay na ganyan.... sa trial po ng impeachment lumabas or lalabas po naman yan....
    minsan ka lang maka contribute dito aside from being a rahrah boy of corona, Wala pa...

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tax shields...