Tax Treatment of Income of OFWs and OCWs

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BIR REVENUE REGULATIONS NO. 1-2011: Tax Treatment of Income of OFWs and OCWs

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Title Source: Supreme Court: Tax Treatment of Income of OFWs and OCWs

Law: Bir Revenue Regulations No. 1-2011

Decision Date: Feb 24, 2011

BIR Revenue Regulations No. 1-2011 clarifies the tax treatment of income and remittances for Overseas Contract Workers (OCWs) and Overseas Filipino Workers (OFWs), exempting their overseas earnings from income tax while outlining specific tax obligations for income generated within the Philippines.

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