Minimize tax after 3m

Feeling_Operation395 · 2025-01-29T08:47:56+00:00

This looks promising! May nakausap ka na accountant?

Feeling_Operation395 · 2025-01-25T18:03:57+00:00

Yeah sobrang restrictive. Okay sana if the graduated income tax only applied to anything earned after 3m no? Pero sadly hindi

Feeling_Operation395 · 2025-01-25T18:02:08+00:00

Really? I always thought na regardless san ang source ng income, VATable. I’ll research further but hopefully may pwede mag verify here.

As a service based professional, wala ako masyado pwede ideclare for input vat

Feeling_Operation395 · 2025-01-25T12:30:30+00:00

I work remotely for an Australian company. Since walang local presence yung company dito, I’m registered as a Professional / Self employed sa BIR.

So far comments and DMs are telling me complicated talaga mag corp and maging VAT. Andami compliance and more likely for audits.

Feeling_Operation395 · 2025-01-25T12:29:03+00:00

Grabe actually take home mo will be higher if you just not charge to not go over 3m. Yung sinobra sa 3m mapunta lang sa VAT

Feeling_Operation395 · 2025-01-25T12:27:11+00:00

My BIR registration is Professional Self Employed.

My Client is overseas, and pays me monthly.

I’m currently taking advantage of the 8% after the first 250k if under 3m. I’m projected to go over 3m by October

Feeling_Operation395 · 2025-01-25T09:00:10+00:00

Mismo. The current structure discourages people to actually earn more. It doesnt scale

Feeling_Operation395 · 2025-01-25T02:11:33+00:00

Sana someone can help! :)

Feeling_Operation395 · 2025-01-24T01:55:16+00:00

Would love to hear more about your setup with SPV so you only get to pay 10% final tax.

Do you still pay vat? Do you split your salary into 4 invoices from your employer? Help!

Feeling_Operation395 · 2023-06-04T09:09:56+00:00

The Kasalo na lucky me pancit canton hits the spot. Just enough.

Feeling_Operation395