Revenue Memorandum Circular No. 41 – 2009 dated July 23, 2009 (RMC 41-2009) was issued to clarify the meaning of “Managerial and Technical Positions” under Section 25(C) of the Tax Code, as amended. Compared to the normal tax rate of 5-32% bracket 5-32%, if a resident alien or non-resident alien engaged in trade or business, or 25%, if a non-resident alien not engaged in trade or business, the 15% rate is a good break because of a material rate gap on rates of income tax on compensation of approximately 17% (32%-15%), and 10% (25%-15%), respectively.

Philippines has lot to offer. Aside from the lovable tropical climate, many multinational companies have proven that Philippines is a quite considerable location for expansion and good business endeavors. For the purpose of doing business in the Philippines, a selection of the appropriate entity that will engage such endeavors seems to be great importancefor [...]