I'm an Australian Citizen working in Manila. I am employed full-time locally and get paid a monthly salary which includes deductions for Philippines taxation, SSS, Phil Health, PagIbig etc. I've read on the Australian Taxation Offices website that, despite the fact I'm paying 'foreign tax' here in the Philippines, I still have to declare my income in Australia and pay Australian tax.
There are some concessions and offsets you can apply for but it's all a bit confusing. Does anyone know any accountants or financial advisors in Manila who are familiar with such matters?
Anyway advice would be greatly appreciated!