Why Foreign Withholding Taxes Really Matter

I had never heard of foreign withholding taxes (FWT) until I founded a startup in the Philippines (See Starting a Philippine Business as a Foreigner for background.).   I quickly became acquainted with them after they nearly cost me my first customer. What are Foreign Withholding Taxes? Foreign withholding tax is a tax levied on … [Read more…]

Starting a Philippine Business as a Foreigner

Starting a Philippine business as a foreigner is complicated, and it is difficult to find accurate information or advice.  Equally, most documents governing business activities (i.e. the Constitution, SEC rulings, Supreme Court rulings, etc.) are not well indexed on the internet, so self-educating yourself is inherently flawed. Generally speaking, the Philippines has restrictions on the … [Read more…]