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 Php0.30USD 0.01INR 0.43EUR 0.00CNY 0.04 for every Php200USD 3INR 289EUR 3CNY 25 or just about 0.15% of total amount remitted.
Here’s a sample computation they gave:
Amount Remitted: Php2,000USD 34INR 2,889EUR 32CNY 248
DST Deduction: Php3.00USD 0.05INR 4EUR 0.05CNY 0.37
Amount Remitted: Php10,000USD 170INR 14,446EUR 162CNY 1,241
DST Deduction: Php15.00USD 0.26INR 22EUR 0.24CNY 2
Amount Remitted: Php50,000USD 852INR 72,230EUR 812CNY 6,205
DST Deduction: Php75.00USD 1INR 108EUR 1CNY 9
Amount Remitted: Php100,000USD 1,704INR 144,460EUR 1,623CNY 12,410
DST Deduction: Php150.00USD 3INR 217EUR 2CNY 19
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).
YugaTech.com is the largest and longest-running technology site in the Philippines. Originally established in October 2002, the site was transformed into a full-fledged technology platform in 2005.
How to transfer, withdraw money from PayPal to GCash
Prices of Starlink satellite in the Philippines
Install Google GBox to Huawei smartphones
Pag-IBIG MP2 online application
How to check PhilHealth contributions online
How to find your SIM card serial number
Globe, PLDT, Converge, Sky: Unli fiber internet plans compared
10 biggest games in the Google Play Store
LTO periodic medical exam for 10-year licenses
Netflix codes to unlock hidden TV shows, movies
Apple, Asus, Cherry Mobile, Huawei, LG, Nokia, Oppo, Samsung, Sony, Vivo, Xiaomi, Lenovo, Infinix Mobile, Pocophone, Honor, iPhone, OnePlus, Tecno, Realme, HTC, Gionee, Kata, IQ00, Redmi, Razer, CloudFone, Motorola, Panasonic, TCL, Wiko
Best Android smartphones between PHP 20,000 - 25,000
Smartphones under PHP 10,000 in the Philippines
Smartphones under PHP 12K Philippines
Best smartphones for kids under PHP 7,000
Smartphones under PHP 15,000 in the Philippines
Best Android smartphones between PHP 15,000 - 20,000
Smartphones under PHP 20,000 in the Philippines
Most affordable 5G phones in the Philippines under PHP 20K
5G smartphones in the Philippines under PHP 16K
Smartphone pricelist Philippines 2024
Smartphone pricelist Philippines 2023
Smartphone pricelist Philippines 2022
Smartphone pricelist Philippines 2021
Smartphone pricelist Philippines 2020
Jan Alvin says:
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??
Philippine Electrical, Electronics and Computer Engineering Forum says:
bakit ngayon lang sila nag-charge? at bakit naisipan kaya nila mag-charge.
Abe Olandres says:
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.
Erin says:
@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!
rasta80 says:
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…
jun asis says:
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.
Jan Alvin says:
@Erin, ahh ganun pala yun, sorry misunderstanding. :-)
Animohosting.com says:
oh my. i thing western union should reduce it
shannon says:
nako, mabuti nalang nag cash out ako ng june 30 ng adsense ko. ahahhaa… pero sayang pa rin.
Rex says:
Isn’t the tax better off shouldered by the sender instead of the receiver?
ar ferrer says:
sobra nman cla bbawasan pa nila ang pdala nmin ang gus2 nila mas mdami sila mkolekta mas mdami ang mkkurakot nila! mga kuraakot!!!
zaiblog.com says:
WU nice! there’s a new branch infront of Greenbelt 5 Zara, FYI =)
raine says:
wala na tlga…perang pinaghirapan…bawas na dahil sa service charge ..pagdating sa pamilya bawas ulit…san na pupunta ang bayan ni juan…
chipmunk says:
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…
eros says:
Hmm, I still have a long way to go to get my Adsense earnings. I’m just trying if it works.
Elai says:
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.
TheKetchupGang says:
..another way of corruption..tsk.tsk.
Mike says:
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?
omrey says:
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.
rich says:
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!
blankpixels says:
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.
Paolo baroja says:
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…
Paolo baroja says:
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…
Paolo baroja says:
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..
Paolo baroja says:
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 $0.00
TheLoveGuru says:
Well it sucks, but anyway, 0.15% is not that big
Albert says:
Kuya Abe, bakit po ako hindi pa din binabayaran ng adsense? May adsense na po kasi yung mga una kong blog pero wala pang gaanong traffic kaya wala pang kita. Pero itong 2011 natutunan ko po kung paano mag optimize ng site para makakuha ako ng traffic mula sa google.com at nagsimula na ako mag earn ng 10$ pataas kada buwan and sa ngayon $40 na po.. ang problema po kasi naabot ko na ang thresh hold ko na 100$ pero hindi pa din ako binabayaran ng adsense.
Tinignan ko ulit lahat ng kailangan punuin para mabayaran ako ng adsense pero wala pa rin eh. Verified naman po ang account, may pinadala sila sa akin na PIN at na enter naman na. Walang on hold etc etc. Akala ko maasahan ang adsense sa pagbayad ng kanilang publishers. Wala akong ibang ginagamit kundi adsense lang kaya nakadepende lang lahat ng blog ko sa kanila.. pwede mo po ba akong tulungan? Willing po akong ipakita ang screen shots ng adsense ko basta need ko p ng help pinanghihinaan na kasi ako ng loob na magpost ng magpost ng content sa site ko tapos wala pa rin akong napapala :( Sana kuya Abe tulungan mo ako.. Sya nga pala, napansin ko din na yung monthly earnings ko hindi nadadagdag sa current earnings ko bakit po ganun? Sino po ang dapat kong kuntakin? Lahat nalang ginawa ko na sa blog nila, sa feedbacks, sa forum, sa google plus, sa fan page nila ginawa ko na lahat ng maari kong gawin pero wala akong narinig sa kanila. Kaya iniisip ko totoo po ba ang adsense??
Salamat po kuya Abe..