Dating site in philipean
And if you ask for an audit, they will want a receipt for LITERALLY every.. But here, even though everyone pays property tax who owns land..
it isn’t much because there is a very small middle-class.
A Filipina friend of mine ran a Sari-Sari store from her home and had to watch inventory like a hawk down to each last bottle of rum and bag of rice.
When she took a one month vacation she returned to find the shelves almost empty and zero profits because the workers somehow spent it on ‘store related expenses’.
Money came in, but nothing was set aside for maintenance, utilities or general operating costs.
All money coming in was seen as ‘profit’ and spent in quick order on a daily basis.
Here, you better be ready or you will get eaten alive.
I’ve spoken with both expats and local Filipinos about business here and these are the things that I will share here.
And that’s not even factoring in many people who are locally called ‘Squatters’ who live in rural areas or government land with no record of title and pay zero taxes. The next big killer for expats when running a business here is probably the most frustrating of all; The Culture.
I don’t know that I could pinpoint exactly where it stems from but here in the Philippines it is easy to find workers who do what they are told, but extremely difficult to find people who make good ‘Managers’ of a business. to personally run a store 10 hours a day, six or seven days a week to cut a profit?
A minority are ‘rich’ and a vast majority are living 2nd or 3rd World lifestyles.
So that puts a lot of demand on taxes from the business sector. Entire business projects have been placed on hold for years in order to find a resolution to relocating Squaters from a given area that they’ve claimed in mass numbers.