Friday, 15 August 2014

OFW - Filipino Seafarer's Tax Exemption

You are exempt from filing income tax returns if:

You are an overseas Filipino worker whose income is derived solely from sources outside the Philippines.

If you are Filipino citizen working as an overseas seaman, your vessel must be engaged exclusively in international trade.


Sources:
GOVPH
BIR

BUREAU OF INTERNAL REVENUE: REVENUE REGULATIONS NO. 1-2011, FEBRUARY 24, 2011

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