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?
/((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 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
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...