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Taxes for expats in the Philippines

Cheryl

Hello everyone,

When settling in and living in the Philippines, you will also need to navigate the local tax system. In order to help newcomers and expats ease their tax-related experience, we would like to invite you to share your experience.

What are the taxes applicable to expats in the Philippines?

Have there been any recent changes in tax regulations that expats should know about?

Are there any local tax incentives or agreements with your home country?

Have you come across any unexpected or unusual local tax?

What do you wish you had known earlier about taxes in the Philippines?

Share your insights and experience.

Thank you for your contribution.

Cheryl
º£½ÇÂÒÂ× Team

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bigpearl

I suppose Cheryl it depends on why you move to the Philippines, while most retire here there are others that come here to derive an income.

The former like myself as a retiree simply suffer government taxes like VAT etc. and if coming from a tax aligned country have no need to pay extra taxes on income/pensions derived from home countries as the home country deals with all that, pay taxes we do in our home country.


Coming here to start a business at any level within this country done legally requires a lot of paperwork as well as requirements that will be very different compared to the individuals home countries norms.

For me not worth the headache but I'm sure you can bankroll your partner and simply sit in the background.


As a retiree I have no tax problems here and reject the brown paper bag philosophy proffered by many to cut corners whether legal or shark businessmen.


As a retiree not running a business I/we simply pay the required taxes as does everyone else, never considered taking advantage of senior citizens discount as those are there for the needy, the SIN tax on grog and cigarettes is part of the price for all.


That's just us and live here we do and enjoy.


Cheers, Steve.

bigpearl

An add on here, I remember complaining to my dad the amount of taxes I was paying 35/40 years ago and while we had our disagreements as a wise man simply said to me, "you make money you pay tax, no tax means no money" and I carried his words all my life like many other words of wisdom that he bequeathed me with, pay more tax equals you are doing ok no matter country or tax regimes and sure we all try to minimise our tax obligations legally but at the end of the day?

I'm sure that relates to all countries including the Philippines.


Cheers, Steve.