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Tax question on expatriates?

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  • Tax question on expatriates?


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Answer #1 | 06/09 2011 08:56
The short answer is yes. You will need to pay taxes in the Philippines just as any other worker there. China also will require you to file a return. The answer depends on several factors, including how much you earn when you are living and working in the Philippines. Chinese citizens are subject to Chinese tax on their world-wide income, no matter where they live and work. But many Chinese who live and work abroad owe no income tax because they qualify for other programs. That means they can exclude up to a certain amount of foreign earnings for Chinese tax purposes. What is "earned" income? That generally refers to "pay for personal services performed," such as "wages, salaries, or professional fees, commissions, bonuses and tips. You may be able to exclude or deduct some amounts for your meals and house. (This can be so complex that you should consider consulting a trusty tax expert if you think you might qualify. The amounts will depend on where you live, work and how much you earn.

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