Sunday, 18 April 2010

PHILIPPINES: OFWs now tax-exempt

New law scraps DST, travel tax, airport fee for migrant workers
April 17, 2010, 7:54pm

Overseas Filipino workers (OFWs) are now exempted from paying documentary stamp tax (DST) on their remittances as well as travel tax and airport fee.

This is contained in the amended Migrant Workers and Overseas Filipinos Act.

The law exempts migrant workers from the payment of travel tax, DST, and airport fee upon showing of proof of entitlement from the Philippine Overseas Employment Administration (POEA).

“The remittances of all OFWs, upon showing the same proof of entitlement by the OFW beneficiary or recipient, shall be exempted from the payment of documentary stamp tax,’’ Section 22 of Republic Act 10022, stated. Read more

No comments:

Post a Comment