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Balikbayan OFWs Can Now Ship P350,000 Tax Free Worth Of Personal Belongings! Great News!

Unknown 5:25 PM Balikbayan , Belongings , free , Great , News , OFWs , P350000 , Personal , ship , worth

<div class="easy-ads"><div class="easy-ads-lite easy-ads-lite-bidvertiser-top" style="display:block;text-align:center;"><ins class="adsbygoogle" style="display:block;" data-ad-client="ca-pub-3942681860132668" data-ad-slot="4831328630" data-ad-format="auto"></ins><br/></div><br/></div><br/><div class="hidepic" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgE7knqyTKbuA88CkGCQ0MJaG1gJEc9GYdoX0N5_1J5274j04XYLhQzpXLegrGclwXuvvCvAIVRB1bkNOjvwticK3AEcL1dHhUjilfXanj2anmN4jUSWygneLx0qeuaOVVdeMhMJHAYApU/s1600/ofw.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgE7knqyTKbuA88CkGCQ0MJaG1gJEc9GYdoX0N5_1J5274j04XYLhQzpXLegrGclwXuvvCvAIVRB1bkNOjvwticK3AEcL1dHhUjilfXanj2anmN4jUSWygneLx0qeuaOVVdeMhMJHAYApU/s1600/ofw.JPG"/></a></div><br/> <div style="text-align: justify;">The senate provides great news for balikbayan <b>OFWs </b>as they announced the approval of <b>Balikbayan Box Provision</b>. </div><br/><div style="text-align: justify;"></div><br/><div style="text-align: justify;">The new law authored by <b>Senator Ralph Recto </b>allows <b>Filipino workers </b>abroad to bring home up to <b>P350,000 </b>worth of personal belongings tax-free.</div><br/><div style="text-align: justify;"></div><br/><div style="text-align: justify;">The law notes that as long as <b>OFWs </b>do not exceed the approved cost, their personal belongings will be shipped in a <b>20</b>–<b>footer </b>van free of charges.</div><br/><div style="text-align: justify;"></div><br/><div style="text-align: justify;">“<b>Jewelry</b>, precious stones, and other goods of luxury, personal and household effects including wearing apparel, goods of personal adornment except luxury items, toilet goods, instruments related to one’s profession and analogous personal or household effects, excluding vehicles, watercraft and animals,” says <b>Senator</b> <b>Recto</b>.</div><br/><div style="text-align: justify;"></div><br/><div style="text-align: justify;">Futhermore, he clarified that the denomination of items vary in accordance to whether it is brand new or not.</div><br/><div style="text-align: justify;"></div><br/><div style="text-align: justify;">“The bicam can still raise the amount. Of course, if these are used items, of course assessed values would be lower,” he added.</div><br/><div style="text-align: justify;"></div><br/><div style="text-align: justify;">Although the “<b>P350,000 tax exemption privilege</b>” is exclusive to OFWs who have been working abroad for <b>10 years </b>and above. Fortunately for those working with a minimum of <b>5 years</b>, they get a privilege for <b>P250,000 </b>shipment value.</div><br/><div style="text-align: justify;"></div><br/><div class="easy-ads"><div class="easy-ads-lite easy-ads-lite-bidvertiser-middle"><br/><br/></div><br/></div><br/> <div class="separator" style="clear: both; text-align: center;"><img alt="Balikbayan OFWs Can Now Ship P350,000 Tax Free Worth Of Personal Belongings! Great News!" height="336" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjLJGxP0bIxMVjNauwNCwrrjK4aMDJqf3IcjenOsvAKWYuILd9iijiX_s05B9Fp2Yo6osBLhKmiDI4dOSSjQVRS_qPR9-6HH726m1kl3V6LRFpYHWEIsbVr0JbWXrg35TW1lRwEJhwRRO4/s640/ofw.JPG" title="Balikbayan OFWs Can Now Ship P350,000 Tax Free Worth Of Personal Belongings! Great News!" width="640"/></div><br/><div style="text-align: center;"><span style="color: #666666; font-size: x-small;">Source: <a href="http://www.trendingnewsportal.net/" target="_blank">TNP </a>, <a href="http://www.classifiedtrends.net/2016/08/ofws-returning-home-can-now-ship-personal-belongings-tax-free.html" rel="nofollow" target="_blank">Classifiedtrends</a></span></div><br/><p><a href="http://www.trendingnewsportal.net/2016/08/balikbayan-ofws-can-now-ship-p350000-tax-free-worth-of-personal-belongings.html" rel="nofollow">trendingnewsportal.net</a></p><br/><div class="easy-ads"><div class="easy-ads-lite easy-ads-lite-bidvertiser-bottom" style="display:block;text-align:center;"><ins class="adsbygoogle" style="display:block;" data-ad-client="ca-pub-3942681860132668" data-ad-slot="4831328630" data-ad-format="auto"></ins><br/></div><br/></div>

The senate provides great news for balikbayan OFWs as they announced the approval of Balikbayan Box Provision . The new law authored by Se...