Overseas Filipino workers (OFWs) can soon enjoy tax and duty-free balikbayan (returnee) boxes as members of the bicameral conference committee on the Customs Modernization and Tariff Act (CMTA) have agreed to retain a provision increasing the tax-exempt value of items sent by Filipinos abroad` to their families back home.
Under the proposed CMTA, the tax exemption ceiling will be increased from the present P10,000 to P150,000.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.