How much is the income tax in the Philippines? | Finance information

Question by vmfelix : How much is the income tax in the Philippines
I am currently working from the UK with a whopping 22% off my income. I will be based from the Philippines (working for my UK company) from June but I will be liable for paying my own tax. Can someone please tell me how much income tax they want to take off my wages once I?m in the Philippines? Best answer:
Answer by april

W
How are you going to be paid is the first question and so are you employed in the Philippines and have the correct visas?The reason I ask is a foreign national as you can not just work in the Philippines (legally) without the correct paperwork. The next thing you need to take into account is how you get paid if you are paid in ? you can loose in a 5% transaction fees. I believe the local tax is still at 12%

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Source: http://www.lovefinanceinfo.com/2012/03/how-much-is-the-income-tax-in-the-philippines/?utm_source=rss&utm_medium=rss&utm_campaign=how-much-is-the-income-tax-in-the-philippines

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