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What are the taxes I need to pay when sending money to Philippines?

If you are sending money to Philippines, its citizens require paying 12% value-added tax (VAT) on remittances proposed by the Duterte administration in 2017.

Find more questions on this topic
Are money transfers regulated in Canada? How to send money to Philippines at highest rate? Can I send money to Philippines using credit card from Canada? How much money can I send to Philippines from Canada? How to send money from Canada to Philippines through Xoom?

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