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TAX for income derived from abroad

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1 TAX for income derived from abroad on Fri Nov 04, 2011 3:13 pm

ohmygee


Arresto Menor
I would just like to ask about the Philippine law regarding the taxes of a person who works in the Philippines but derives his income abroad. (home based ba:))

I actually went to BIR to update my info and they said that I need to ask for my employer for some info. and since my employers are from abroad and of course don't have documents here in the Philippines etc... I am new to this individual things concerning my taxes etc..since I also need forms (BIR) to apply for like credit card and other post paid services.

thanks you so much for your help Smile

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2 Re: TAX for income derived from abroad on Sat Nov 05, 2011 7:51 am

attyLLL


moderator
what i recommend for my clients like this is to declare themselves as self-employed, but there are tax implication such as monthly reports and issuance of receipts. the nice thing is you can deduct 40% of your income as non-taxable.


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3 Re: TAX for income derived from abroad on Sat Nov 05, 2011 6:14 pm

ohmygee


Arresto Menor
attyLLL wrote:what i recommend for my clients like this is to declare themselves as self-employed, but there are tax implication such as monthly reports and issuance of receipts. the nice thing is you can deduct 40% of your income as non-taxable.

I only work as virtual assistant,how do I do that po? Smile

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4 Re: TAX for income derived from abroad on Sun Nov 06, 2011 7:02 pm

attyLLL


moderator
bir offers a free seminar for self employed.


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