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Avoiding DOUBLE taxation

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1 Avoiding DOUBLE taxation on Sat Jan 09, 2016 10:10 pm


Reclusion Perpetua
If doing this in a common COMPANY, this will be taxed TWO times, which isn't fun Smile

In a project will finansiers, land/equipment owners and handlers be involved. I suppouse some finansieres will NOT have own business, but land/equipment owners and handlers will have own businesses. (Employees will be paid through handler.)

Is there any solution where a project is done together, but the RESULT SHARES are taxed by each involved SEPARATE WITHOUT needing to tax together* first?
/Joint Venture?
/((Or can the finansieres and handlers just BILL a company, which has the project. But then will the company probably have to pay 2 % at the REVENUE Crying or Very sad because the tax at the company's share of the RESULT is not much, so that would be WASTE too.))
/Someone talked about S-corp (=Each pay tax DIRECT for his share) but I have seen such only in USA. Are there such in the Philippines too?
/Or how to solve this?

*We can find it OK if VAT has to be paid together in the "central" unit,
but NOT OK if income/capital taxes are paid there, because then will the involved have to pay tax TWO times at SAME income Crying or Very sad

It will be a lot of tax paid anyway (if the project succeed) but we don't want to pay two times at same income...

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2 Re: Avoiding DOUBLE taxation on Tue Jan 12, 2016 8:03 pm


Reclusion Perpetua
Have anyone who knows came back from holidays? Smile

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