When buying and selling real estate properties in the Philippines, the final purchase price is not and should not only be the relevant amount. Other taxes and fees charged on the transaction must be considered by both the buyer and seller because these costs affect
Filipinos working abroad, also known as Overseas Filipino Workers (OFW), do not lose their basic rights as citizens of the Philippines despite working and being physically present in another country.
We recently received an email from one of our readers asking how to determine the interest earnings on his time deposit account. In response, we explain below how exactly it’s being computed.
Yesterday, I got my Google Adsense earnings via Western Union. For a change, though, I opted to pick up my payment at a branch of the Bank of the Philippine Islands (BPI). Yes, for those who do not know it yet, you can go to
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 —
The good news is that the additional 0.15% tax on all incoming overseas remittances was supposed to start May 30, 2008 but, until now, this has not been implemented. The bad news is that the collection of this tax will start anytime soon. Last week