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Surely, with his extra dough and creative mind he could start up a small business that would occupy some of his time while making him some extra dough on the side. There are less obstructions than you would run into than say, starting a business in the U. Very little regulation except when it comes to the BIR. Otherwise, it’s assumed you earned at least as much as last year if not more and your tax remains level. But a Filipino friend of mine has a hell of a time getting any deductions because the system is not oriented to reduce taxes. When you look at the big picture it makes sense that the Philippines is so incredibly focused on monitoring every peso made.He starts to think even larger and figures he will fund a business and employ some of his wife’s relatives who always seem to be in need of some cash. They are not interested in you ever paying less tax. Another thing about the BIR is that they are not so keen on the idea of deductions. It really is a tax-hungry beast that demands it’s pound of flesh. In most countries much of the tax revenue is carried by property tax.
trained them how to operate it and left it in their hands.a few every week to family and friends and taking some home is not a big deal.Or perhaps some free online time in your internet cafe to certain kids because, after all, the computer wasn’t being used and they need it to study.And that’s not even factoring in many people who are locally called ‘Squatters’ who live in rural areas or government land with no record of title and pay zero taxes. The next big killer for expats when running a business here is probably the most frustrating of all; The Culture.I don’t know that I could pinpoint exactly where it stems from but here in the Philippines it is easy to find workers who do what they are told, but extremely difficult to find people who make good ‘Managers’ of a business. to personally run a store 10 hours a day, six or seven days a week to cut a profit?