15% Tax on all OFW Remittance

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There is a NEWS that there will be 15% Remittance Tax for OFW on all Western Union remittances. but in reality upon checking it is only 0.15% Tax. But how this affect the bloggers. Some of bloggers in Philippines claim their Adsense earning thru Western Union. So if some of you are claiming Adsense Earning thru Western Union all your earning will be subjected to 0.15% Documentary Tax starting May 2008. This is also confirmed thru other sources of Lestat from Ofwlayf.

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About the author

Dexter Panganiban : Dexter is a techie person that also blogs at his Personal Blog " Dexter Panganiban Site ", He is a Mechanical Engineer by Profession. He loves Search Engine Optimization and Making Money Online

Interesting Comments

16 Responses to “15% Tax on all OFW Remittance”

EntrepreNars on April 22nd, 2008 1:40 pm

wtf?! pate ba naman yun? Tsk tsk tsk…Grabe na to..

EntrepreNars’s last blog post..Google Adsense Verification Message?

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Fitz on April 22nd, 2008 5:58 pm

So it’s better now to have your adsense earnings sent through paypal than western union? I’m getting my first $100 soon (yay!) so i’d like to know.

I haven’t tried withdrawing from my paypal account yet but I plan to do so soon (hopefully by end of May), does paypal charge fees for local bank deposits of your funds?

Thanks in advance.

Fitz’s last blog post..Checkmate

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EntrepreNars on April 23rd, 2008 12:11 am

@Fitz – May withdrawal na po adsense via paypal?

Ang pagkakaalam ko po, pag via local banks, may fee na 50 pesos.

EntrepreNars’s last blog post..BlogBank Ads Now Working…

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Dexter on April 23rd, 2008 2:59 am

@ EntrepreNars

OO nga bagong patong na naman.. Pero maliit lang naman 0.15% lang pero bawas pa rin he he h..

@ Fitz

EntrepreNars is right. Withdrawal thru Paypal sa adsense ay wala pa. I believe James of pinoymoney talk had an experience with that.. Siguro may fee..

Dexter’s last blog post..15% Tax on all OFW Remittance

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Fitz on April 23rd, 2008 6:08 am

@Dex and EntrepreNars
Thanks for the info. I will look more into that.

Fitz’s last blog post..Checkmate

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lestat on April 23rd, 2008 11:52 am

maliit ang 0.15% pero pag pinagsama-sama ang lahat ng international transfers..siguradong aabot ng more than 1.2Billion dollars a month..($1.2Billion monthly remittance from OFWs alone)

So, malaki laking collection yan.. hehe sana naman gamitin nila sa dapat pag gamitan yan..

lestat’s last blog post..Cad Software is up and running

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Dexter on April 23rd, 2008 11:57 am

@ lestat

Aba medyo di ko nakwenta yun.. malaki laki nga rin yun.. Ang di natin alam kung saan pupunta sa western union? or Philippine Government ?

Dexter’s last blog post..15% Tax on all OFW Remittance

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aini on April 25th, 2008 5:52 am

pmbili ng bigas dn un ah…san n nmn kya mppunta ang bgong tax n yn?ok lng sna kng gumganda ang ekonomiya ng Pilipinas at sa dami ng OFW mlaking pera dn ang malilikom n nmn

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dexter on April 26th, 2008 4:25 pm

@ aini

Naku tama ka dyan pambili na nga ng bigas yun..ayun nga kay lestat malakaing pera din yun

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j0n on May 7th, 2008 6:43 pm

an0 n b nangyyri s bansa ntin? Lhat ng blihin 2mataas,, pti b nman ang remittnce? Mlking bgay n ung 15% smin, ngbbyad n kmi d2 pr maipdla ang pera tp0s bbwasan p dyan,, over n p0 yan. G0dbless us all..

Reply
Dexter on May 7th, 2008 7:02 pm

@ Jon

It is not 15% it is 0.15%

Dexter’s last blog post..ClickBooth : A New CPA Advertising Network

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ea on May 8th, 2008 4:07 pm

nrinig k0 n rin blit n yan gling pinas, ang sbi 15% not 0.15%.. Khit an0 p sknila d p rin tama ang pgpt0ng ng tax s mga 0fw,, sbi ng g0v ntin gumgnda n raw ec0n ng pinas.. Per0 bkit lhat ng bilihin 2mtaas? At pati bigas umb0t n s presy0ng d mkatwiran,, yan b ung mgandang ec0n n cnsbi nila? Gmit n b ung reserve d0llar ng pinas? at s mga ofw ny0 2 kukunin? Sus gino0.. Tax ng tax d nman maipliwanag kung san npupunta angmga pera,,

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bm on May 30th, 2008 6:23 pm

nakuha ko na yung 3rd payment ko today, pero wala pang deductions, bukas pa yta mag-take effect ‘to!

bms last blog post..3rd Google Adsense Payment Received!

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Dexter Panganiban on May 31st, 2008 8:43 am

@ Bm

Good to hear that.. I hope it will not be implemented at all

Reply
kor on January 5th, 2010 1:22 am

kuya dex, when did you post the tax of ofw remittance?
I mean there’s no date included on your post. How am I be able to know?…. pls, mail me.. I need that info asap! thanks…

Reply
Dexter Panganiban Reply:
January 5th, 2010 at 2:27 am
@kor,

Hmmm this was made 2008 April..

Reply