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Tag Archives: documentary stamp tax

Are OFWs required to pay Income Tax in the Philippines?

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. About this post: rules and obligation in tax, ofw tax, is ofw remittances subject to

How to compute your Time Deposit income

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. About this post: how to compute time deposit, time deposit calculator, time deposit

Getting Western Union-Adsense payments at BPI

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

Tax on Google Adsense payment via Western Union

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 —