This was just informed to me by the Western Union branch I frequent — WU will start charging for Documentary Stamp Tax (DST) from July 1, 2008 and onwards.
DST rates aren’t that high though. The announcement says it’s Php0.30 for every Php200 or just about 0.15% of total amount remitted.
Here’s a sample computation they gave:
Amount Remitted: Php2,000
DST Deduction: Php3.00
Amount Remitted: Php10,000
DST Deduction: Php15.00
Amount Remitted: Php50,000
DST Deduction: Php75.00
Amount Remitted: Php100,000
DST Deduction: Php150.00
And yes, this includes all AdSense Publishers who opted to get remittance via Western Union (DST Section 18 of the 1997 Tax Code, Republic Act 9243).
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That really hurts, the deduction is higher than the remittance!!
I think that is n abuse, I think the demand for their remittance service is not that high. Why would they increase that much??
bakit ngayon lang sila nag-charge? at bakit naisipan kaya nila mag-charge.
Apparently, it’s only now that the Bureau of Internal Revenue (BIR) has sent out the circular. It means, whatever is collected here will be remitted to the government.
@alvin: re: “the deduction is higher than the remittance” - how did you come by that? the DST is about 0.15% of total amount so that can’t be true unless you count the fees as deductions and the remitted amount is less than the fees imposed.
ciao!
Is this another way of making money for the government which will just be corrupted by our government officials? Bakit nila ginawa ito? Alam naman nila na ang pera na pinapadala natin sa Pinas kinakailangan yun, lalo lang maghihirap ang mga tao sa atin na pati pinapadala nating pera na produkto ng dugo at pawis natin ay kinakaltasan pa. Alam naman natin kung saan na naman mapunta ang pera na makukulekta nito, sa bulsa nga mga bwayang government officials. Madam President, maawa naman po kayo sa mga OFW, isinakripisyo na nga namin ang aming mga buhay dito sa ibayong dagat, pati kami, kukurakutin nyo pa…Sanay mabalik sa inyo ang karma…
Yup. Just encashed my adsense last July 1. From $106 (after several months hahaha), it went down to $105.84. Not really a big dent.
@Erin, ahh ganun pala yun, sorry misunderstanding.
oh my. i thing western union should reduce it
nako, mabuti nalang nag cash out ako ng june 30 ng adsense ko. ahahhaa… pero sayang pa rin.
Isn’t the tax better off shouldered by the sender instead of the receiver?
sobra nman cla bbawasan pa nila ang pdala nmin ang gus2 nila mas mdami sila mkolekta mas mdami ang mkkurakot nila! mga kuraakot!!!
WU nice! there’s a new branch infront of Greenbelt 5 Zara, FYI =)
wala na tlga…perang pinaghirapan…bawas na dahil sa service charge ..pagdating sa pamilya bawas ulit…san na pupunta ang bayan ni juan…
naku po naman… mga bulsalero at bulsalera, walang magawa kundi mamulsa at mag suksok ng kurako, mga lolo at lola, matatanda n kayo maawa kayo sa mga batang susunod sa inyooooo…kufaloids…
Hmm, I still have a long way to go to get my Adsense earnings. I’m just trying if it works.
Grabe talaga gobyerno natin, binawasan ka na nga ng charge sa pag padala mo babawasan pa pag dating sa pamilya mo. malaki rin kc yung mawawala kahit pa sabihin mong .15% yan. Nakakasama talaga ng loob ang hirap mag trabaho sa ibang banya para lang mabigyan ng magandang buhay ang pamilya ko, kc pag sa pinas ako mag trabaho wala naman mangyayari sakin at lalong walang maiipon sa sobrang mahal ng bilihin, pamasahe, at upa sa tirahan. D ba nakikita ng Gobyerno yan na ang kinikita ng mga regular na empleyado ay kasya lang na makaraos sa isag buwan o isang kensena sa pinas. Kaya halos lahat ng mamayan sa pinas ay binabalak makapag ibang bansa para makapag padala ng dolyar pero ito pa ang ginagawa nila.
..another way of corruption..tsk.tsk.
Ang Lupit talaga ng GOBYERNO NI ARROYO. Bayad na ako dito sa UAE ng charge pagdating jan may charge pa ulit, ano ba yan……
Bakit di pa kaya mag resign ang mga DEMONYONG nasa Goryerno?
Ako din nagulat. Pero kung isipin mo maliit na halaga lang sia, pero sa dami2 ba naman ng ofw sa buong mundo. Malaking pera to. Ok lang sana kung pupunta ito sa isang ahensya ng gobyerno na transparent at makikita natin kung saan talaga ito mapupunta.
Too much…Can you imagine how much money they will get evryday for millions of ppl using WU.Ive been using this service since 2004.Now im sure i will find other money transfer services.This money transfer start panahon pa ng giyera.Ganun na ba talaga ka greedy ang kung sino man ang may pasimuno nito?..
The reason why ppl choose WU its bcoz its the more affordable and fastest money transfer so far.Marami na ring naglalabasang new services ngayon.pag nag click yan im sure tax invasion nanaman yan.
Sa panahon ngayon,evry cents counts..
Di bale sana kung alam natin talaga kung ano ang katotohanan behind goverment expenses na galing sa atin..Puro lang nmn corruption at baitbaitan.
Basta,magpapalit na ako ng service.Period.
cheers!
Aw. I was counting on WU for my farrrrrrrrrr (hehe) future earnings with AdSense.
Just imagine how many OFWs and Pinoy online money-makers would be paying that 0.15%. Kahit maliit isipin ng iba, malaki pa rin yun sa dami ba naman eh.
Hayy… lahat na lang kinurakot.
kuya bky dun po sa payment detail e2 lng po pde sakin
* Western Union Quick Cash payments will be available for pick-up the day after the payment date.
* Standard Delivery checks are sent by regular mail and should arrive within 2-3 weeks of the mailing date.
** Secured Express Delivery checks are sent via courier and should arrive within 1 week.
may plano po kase ako na mag open ng dollar account sa BDO eh…
ill be wating for your replies…
Yung sa Western Union, puede in Peso or Dollars mo kunin. Just bring a valid ID or kung me Passport ka, maganda. Pag sa Bank account kase na in Dollars, mabagal at matagal ma clear yung money.
yep tama nga kya nga gusto ko sana western union kya lng school id lng meron ako…
anu kya ID pde
Postal ID
Voters ID
any kya pde 19 yrs old na po ako eh
and undergrad…
gusto ko kce mka tulong sa family ko para nmn maging proud sila skn…
e2 blogging lng paraan na alam ko…
as of now $15.58 total earnings ko within 5 days
kuya pa help nmn oh…
Go to the WU branch nearest your area. It would be nice to know them personally and ask them about the requirements. I have good relationships with my WU reps so I easily get my payments even without ID.
nice thnx ^_^
total earning now is $20.00 hehehe long way to $100
pero iipunin ko muna heheh syang eh bbli kce ako
ps3 then ung iba iipunin ko..
kuya question po ulit
Q#1 kuya bakit po nabawasan ung total earnings ko
kahapon po $24.64
ngaun $23.64 nlng anu po kaya problema ni2….
Q#2 tungkol nmn po sa mga channels
channel #2 Xbox360 custom channel po ito nde url channel help nmn po…
Page impressions 126
Clicks 78
Page CTR 61.90%
Page eCPM $0.00
Earnings $0.00