SORSOGON UNITED

When we unite, We make our life better

New law scraps DST, travel tax, airport fee for migrant workers

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.

Former labor undersecretary and now Nacionalista Party (NP) senatorial bet Susan Ople immediately urged the Department of Labor and Employment (DoLE) and the Department of Finance (DoF) to immediately issue the new law’s implementing guidelines.

“The DoLE and the DoF should promptly issue the new law’s implementing rules and regulations so that OFWs would immediately benefit from reduced remittance charges,’’ Ople said in a statement.

She said that the scrapping of the DST is very timely because it could help the OFW beneficiaries here recover some of the buying power they lost due to the peso’s surge against the dollar.

“OFWs can now count on some P1.3 billion in extra savings with the abolition of the DST on all their remittances,’’ Ople said, as she cited DoF’s projection at $19 billion worth of remittances this year.

“The removal of the DST on all funds wired home by OFWs would help drive down money transfer charges, and put more cash in the pockets of those receiving remittance,’’ she added.

Prior to the passage of RA 10022, all money transfers from abroad and payable in the Philippines, including those wired home by OFWs were subject to the DST at a rate of P0.30 for every P200.

Ople said that local banks and non-bank money transfer agents such as The Western Union Co. and Moneygram International, Inc. collect the DST before the funds sent home by OFWs are actually paid out to their beneficiaries here.

This means that OFWs pay a DST of P33.27 for every $500 or P22,180 (at $1:P44.36) they send home. The amount is on top of foreign and local bank fees, plus the P0.50 to a dollar margin domestic banks that are allowed when paying out remittances in pesos.

Various OFWs and labor groups and even an administration senatoriable had called for the scrapping of the tax imposed on remittances, saying it will severely burden the overseas workers and their families.

The Trade Union Congress of the Philippines (TUCP) had said the government has been raking in money from OFW remittances through the DST, reaching to over P1.3 billion.

Migrante International believes the government has had enough from the billions of dollars of OFW remittances it received yearly.

“OFWs have been the country’s economic saviors for over three decades already; it is therefore high time for the government to do the saving,’’ the group said.

Given the contribution of OFWs in helping keep the economy afloat, Lakas-Kampi-CMD senatorial bet Atty. Raul Lambino also said it is not wise fiscal policy to require DST payment for OFW remittances.

An estimated 10 million Filipinos, migrants and contract workers are working abroad. OFWs remit around $17 billion annually, it was learned

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

Advertisements

Filed under: Kwentong OFW, OFW Corner, POEA-Advisory, , , , , ,

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 919 other followers

SHARE THIS BLOG!

Bookmark and Share

RSS DAILY INSPIRATIONAL QOUTES

  • Inspirational Thoughts and More
    If you are looking for inspiration or you have some to share, you will find something on the Inspirational Thoughts and More page to meet your needs.

RSS OUR DAILY BREAD

  • Sweet Company
      The elderly woman in the nursing home didn’t speak to anyone or request anything. It seemed she merely existed, rocking in her creaky old chair. She didn’t have many visitors, so one young nurse would often go into her room on her breaks. Without asking the woman questions to try to get her to talk, she simply pulled up another chair and rocked with her. A […]

RSS Daily Verse

  • Ephesians 1:3
    Blessed be the God and Father of our Lord Jesus Christ, who has blessed us in Christ with every spiritual blessing in the heavenly places....

Archives

Categories

UPCOMING EVENTS

RSS THIS DAY IN HISTORY

  • July 27, 1974: House begins impeachment of Nixon
    On this day in 1974, the House Judiciary Committee recommends that America’s 37th president, Richard M. Nixon, be impeached and removed from office. The impeachment proceedings resulted from a series of political scandals involving the Nixon administration that came to be collectively known as Watergate. The Watergate scandal first came to light following […]

RSS PIA-SORSOGON

  • Bicol Tourism Summit promises brighter prospects for the region December 9, 2016
    By Ana-Liza S. MacatangayNAGA CITY, Dec. 9 (PIA) --- “This summit will certainly shed new light on the potential and new tourism products and services, as well as guide stakeholders from the government and private sector for a sustainable and responsible tourism development.”Thus stated Naga City Mayor John Bongat on the brighter prospects that await every B […]
    Philippine Information Agency Regional Office V
  • Bicolanos elated over Pres. Duterte’s visit in Albay December 9, 2016
    LEGAZPI CITY, Dec 9 (PIA) – Bicolanos expressed their elation and eagerness over President Rodrigo Roa Duterte’s visit in the province of Albay to lead groundbreaking of the Bicol International Airport (BIA) in barangay Alobo, Daraga Albay and to grace the 7th year anniversary of the Federalismo Alyansa ng Bicol (FAB) at the Legazpi City Convention Center.Th […]
    Philippine Information Agency Regional Office V
  • Children’s month celebration in Bicol highlights valuable role of children in society December 1, 2016
    LEGAZPI CITY, Dec 1 (PIA) – The Regional Council for the Welfare of Children and the Department of Social Welfare and Development (DSWD) Bicol led this year’s children’s month celebration in the region themed ““Isulong, Kalidad na Edukasyon Para sa Lahat ng Bata.”“The Children’s Month Celebration is a time to recognize the value of Filipino Children as the m […]
    Philippine Information Agency Regional Office V
  • A-PAD holds disaster-resiliency confab for MSMEs in Bicol December 1, 2016
    By Ana-Liza S. MacatangayNAGA CITY, Dec.1 (PIA) -- A community of entrepreneurs from the Micro, Small and Medium Enterprises (MSMEs), gathered together at the Villa Caceres Hotel here for the 3-day Business Community Planning (BCP) and Disaster Risk Reduction and Management (DRRM) training seminar primarily to mainstream business community and resiliency of […]
    Philippine Information Agency Regional Office V
  • Cebu Pacific now has daily flight in Catanduanes November 30, 2016
    VIRAC, Catanduanes, Nov. 30 (PIA)- Cebu Pacific announced that there will now be daily flights to and from Virac beginning December 18, 2016 until March 2017.According to Roberto L. Jackson, Cebu Pacific station officer in Catanduanes, instead of 4x weekly Airbus Manila-Virac-Manila flight, there will now be an 11x weekly ATR operations.He likewise bared tha […]
    Philippine Information Agency Regional Office V
  • BNC, JJWC, DSWD hold youth meet vs. lowered MACR November 29, 2016
    LEGAZPI CITY, Nov. 29 (PIA) – To culminate the celebration of this year’s National Children’s Month, the Bicol Network for Children (BNC), in cooperation with the Juvenile Justice and Welfare Council (JJWC) and Department of Social Welfare and Development (DSWD) of the Bicol region held the #KalingaHindiKulungan Bicol Youth Meet at Legazpi City.The main purp […]
    Philippine Information Agency Regional Office V
  • Bicol’s “orange Cagsawa” showcases campaign to end violence vs. women November 29, 2016
    By Sally Atento-AlteaLEGAZPI CITY., Nov 29 (PIA) -- It may not seem a good start as heavy rain poured on but it didn’t stop the Bicolanos from joining the call to support the advocacy to end violence against women (VAW) through the "Orange Your Icon for 18 days" campaign launched November 25 in the Bicol region at Cagsawa Park in Albay.Despite the […]
    Philippine Information Agency Regional Office V
  • CamSur guv strengthens fight against drugs through CASUROG Program November 28, 2016
    By Ana-Liza S. MacatangayPILI, CAMARINES SUR, Nov. 28 (PIA) --- Various efforts to curb the ill-effects of illegal drugs have already been implemented by the provincial government of Camarines Sur in response to the directives of President Rodrigo Roa Duterte immediately following his assumption of office in June 30.Governor Miguel “Migz” Villafuerte recapit […]
    Philippine Information Agency Regional Office V
  • DILG’s MASA MASID regional launch in Bicol November 28, 2016
    By Ana-Liza S. MacatangayNAGA CITY, Nov. 28 (PIA) -- With the war on drugs now in full swing across the country, the Department of Interior and Local Government (DILG) inched another step forward to ensure that the campaign will be relentlessly pursued with the help of more stakeholders and volunteers.DILG BIcol has  spearheaded the regional launch of “Mamam […]
    Philippine Information Agency Regional Office V
  • Police, military operatives discover ‘shabu lab’ in Catanduanes November 28, 2016
    VIRAC, Catanduanes, Nov. 28 (PIA) -- Bicol regional director PCSupt. Melvin Ramon G. Buenafe of the Philippine National Police (PNP) has confirmed yesterday, Nov. 27, the discovery of a clandestine shabu laboratory at Barangay Palta Small in this municipality.According to PCSupt. Buenafe, said laboratory was secured in a joint operation of Catanduanes Police […]
    Philippine Information Agency Regional Office V

FIND OUT MORE! EXPLORE THE BEAUTY OF SORSOGON!!

 

Calendar

April 2010
M T W T F S S
« Mar   May »
 1234
567891011
12131415161718
19202122232425
2627282930  

eRADIO-SORSOGON

pbndzmssorsogon.blogspot.com  

RSS THIS DAY IN HISTORY

  • July 27, 1974: House begins impeachment of Nixon
    On this day in 1974, the House Judiciary Committee recommends that America’s 37th president, Richard M. Nixon, be impeached and removed from office. The impeachment proceedings resulted from a series of political scandals involving the Nixon administration that came to be collectively known as Watergate. The Watergate scandal first came to light following […]

PESO EXCHANGE RATES TODAY

OFW-ONLINE SERVICES

poea.gov.ph
 

ARE YOU LOOKING for a JOB?

jobsdb.com
 
jobsdb.com
 
jobstreet.com

nrco.dole.gov.ph   poea.gov.ph         phil-job.net  

   
    sorsogonunited.wordpress.com    
sorsogonunited.wordpress.com   sorsogonunited.wordpress.com
   

Proud to be pinoy

Bicol Blog Community

SORSOGONUNITED VISITORS

  • 178,897 Hits

FROM AROUND THE GLOBE

Free counters!

SORSOGONUNITED FRIENDS

del.icio.us

Top Rated

%d bloggers like this: