OFW remittances now exempt from DST

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POEA ADVISORY NO. 29, S. 2010: OFW remittances now exempt from DST

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Title Supreme Court: OFW remittances now exempt from DST

Law: Poea Advisory No. 29, S. 2010

Decision Date: Nov 18, 2010

Overseas Filipino workers' remittances are now exempt from the documentary stamp tax, allowing them to save approximately $1.3 billion annually, as mandated by the amendment to the Migrant Workers and Overseas Filipino Act.

remittance

documentary stamp

overseas workers

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