I was wondering the difference of taxation in the Philippines from other countries. When I was working student as a Local Store marketing at Mc Donalds, I remember that I have helped a customer who is a foreigner. He was looking at the receipt and told that in Hongkong there is no tax. Now by searching online, I have learned that it is untrue. Although there is no sales tax, no capital gains tax, no VAT there is a maximum salary tax of 20% and profit tax maximum of 16%. Continue reading
