My income from the US is only taxable only in the US. I
pay a community tax and property tax in the Philippines every years. if I make over $200 a month from Philippines sources then I need to pay tax on it at the end of each year. But I don't make any money here as of yet.
when and if we go into business I need to pay business taxes, plus employee tax deductible dividends that need to be done every quarter. Or I can report the employees full wages to the BIR and the employee is responsible to pay their own tax if over $200 per month. most only live on $40 a week and never make the taxable grade
but we are not doing any business yet we are planning to do some in thenext year but we may not make any money.
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