Sending Your Christmas Presents? Here is GREAT NEWS!

Overseas Filipino workers (OFW) who remit earnings to their families back home are now exempt from paying the documentary stamp tax (DST), following the implementation of the amended law on migrant Filipinos. In a release posted on its website, the Philippine Overseas Employment Administration (POEA) said OFW remittances will now be exempt upon showing of proof of entitlement by the recipient. The exemption came with the implementation of Republic Act 10022, a law amending RA [...]