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Saturday, August 23, 2014

Mandatory Remittance of Foreign Exchange Earnings

Requirement: All overseas Filipino workers are required to remit a portion of their foreign exchange earnings ranging from 50% to 80%, depending on the worker’s kind of job, to their families, dependents and/or beneficiaries (Rule VIII, Book III, POEA Rules)

  • Seamen or Merchants – 80%
  • Workers for Filipino Contractors and Construction companies – 70%
  • Professionals whose Employment Contract provided for Lodging Facilities- 70%
  • Professional without Board and Lodging- 50%
  • Domestic and other Service Workers- 50%
  • All other workers- 50%

1 comment:

  1. Admin, if not okay please remove!

    Our facebook group “selfless” is spending this month spreading awareness on prostate cancer & research with a custom t-shirt design. Purchase proceeds will go to cancer.org, as listed on the shirt and shirt design.