Will be employed by SG company but will work PH remotely (expected annual income > 3M)
Hi ppl of reddit, magseek lang sana ako ng advice. I decided to go back PH and was hired by an SG company but will purely work remotely in PH. The company will send me monthly payments pero need ko lakarin yung tax ko in PH including goverment contributions and Im not entitled to any HMO also.
Now my question is, at first I thought I can do the 8% option but given na yung annual will exceed 3M, looks like its not possible. Graduated is too much for me like 1/3 of my salary will go to tax. Im thinking if there are other options like OSD, but not sure if applicable ako. Do you have any idea how to make it lower? Its just difficult to accept that I’ll pay too much tax given na wala naman improvement sa goverment ng PH 🥲
Also thinking of hiring an accountant but not sure what is the standard rate.