OFW Global » exchange rate

0.15% Tax to all International Transfers in the Philippines

lestat — Mon, 21 Apr 2008 18:43:07 +0000

Starting May, all international transfers will be subjected for a 0.15% Documentary Stamp Tax (DST). This will apply to all remittance companies and banks in the Philippines. The money worth Php 4,160 ($100) for example will become Php 4,153.76, that is after the Php 6.24 was less from the original amount due to the 0.15% [...]

0.15% Tax to all International Transfers in the Philippines is a post from: OFW Global

Government answer on OFW Exchange Rate Campaign

lestat — Thu, 09 Aug 2007 18:52:00 +0000

Last week I received an online petition / open letter to President Arroyo recommending to have a special exhange rate (Php50=$1) for OFW’s. The campaign was circulated via e-mail encouraging OFW recipient to sign online petition as a show of support. Sir Bong of OFWempowerment had already made a post about this open letter to [...]

Government answer on OFW Exchange Rate Campaign is a post from: OFW Global