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Are there tax incentives for foreigners working remotely in the Philippines?
Apparently yes, there are tax incentives for foreigners working remotely in the Philippines. The government offers a special visa called the Special Resident Retiree’s Visa (SRRV) which provides tax incentives for foreigners who wish to retire in the Philippines or work remotely for foreign companies. Depending on the type of SRRV issued, the visa holder may be exempt from variety of taxes on retirement benefits. However, it is important to consult with a tax professional or a government agency to determine your eligibility and the specific tax incentives available to you.
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7 Replies
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To add some information, Senate Bill No. 1706, or the Tax Incentives for Individuals on a Work-from-Home or Telecommuting Program, seeks a tax deduction of P25 for every hour of work rendered by a WFH employee.
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This reply was modified 9 months ago by rafael.
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This reply was modified 9 months ago by
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This is helpful information for foreigners who are considering working remotely in the Philippines. Knowing that there are tax incentives available can be a deciding factor in choosing to work in the country.
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i am not sure abt this
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Thank you for sharing this^^
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I haven’t heard of this, thank you!
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Thank you for sharing this!
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Thank you for providing valuable information about the tax incentives for foreigners working remotely in the Philippines. It’s helpful to know about the Special Resident Retiree’s Visa (SRRV) and the potential tax benefits it offers. Your comment is appreciated, and it will assist individuals in understanding the opportunities available to them.
