Tax on Google Adsense payment via Western Union

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Got my Google Adsense earnings via Western Union last week and like what we reported here last month, they are now charging the Documentary Stamps Tax on all incoming remittances.

The deduction was exactly 0.15% of my payment balance. It’s still not that much — just P1.50 for every P1,000 — but it’s still money I could have spent for myself.The tax is levied on all incoming remittances from abroad. It is supposedly not a new tax but is just an implementation of an old tax regulation, specifically, Section 181 of the 1997 Tax Code and Regulations which states that “a documentary stamp tax shall be imposed on any bill of exchange or order for payment purporting to be drawn in a foreign country but payable in the Philippines.”

Remittances coursed through banks are not subject to the 0.15% tax because they are already collecting this.

Did you notice this deduction when you picked up a recent Western Union remittance?

About the Author

James Ryan Jonas teaches business strategy, investments, and entrepreneurship at the University of the Philippines (UP). He is also the Executive Director of UP Provident Fund Inc., managing and investing P3.1 Billion ($56 Million) worth of retirement funds on behalf of thousands of UP employees.

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5 thoughts on “Tax on Google Adsense payment via Western Union”

  3. I keep trying to subscribe towards the Letters thing, but there’s nowhere to do so! When i sign in, under the MANAGE YOUR SUBSCRIPTION link, there’s only my Book Club subscription. How do I add the Letters thing for $5?

    Reply

  4. Allerdings, sagte Department of Internal Affairs Sprecher Shawn Hollister NZPA, wenn es nicht die Geb?hr erheben, es w?re das Gesetz brechen.

    Reply

  5. Einzelhandel ETFs weiterhin unter Marktindizes durchf?hren f?r das Jahr als die Hits kommen immer in der Branche. Die heutige Abbau von Best Buy folgt eine unerbittliche Reihe von Leitlinien Schnitte von Kleidung Verk?ufer und Kaufhausketten. Obwohl viele Unternehmen nutzen ihre lebendige E-Commerce-Kan?le, in den meisten F?llen ist es nicht genug, um f?r weiche Store Traffic machen. Schw?che in Einkaufszentren insbesondere die Gefahr f?r die Gruppe. Der Bericht, den der H?ndler hat Gespr?che mit PE-Firmen getroffen wird erwartet, dass ein Schlaglicht auf die Gruppe von Fachh?ndlern, die ?ber einen l?ngeren Zeitraum von weichen Store Traffic erlitten haben (Siehe auch: E-Commerce und Jugendliche: Eine gef?hrliche Mischung f?r den Facheinzel) ziehen . ARO 8,0% vorb?rslich auf $ 8.35. Am Uhr: URBN, ANF, AEO, CHS, PSUN.

    Reply

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