Sunday, December 4, 2011

OFW Group Rejects Taxes on SSS, Pag-IBIG Contributions


A Filipino migrants’ rights group has thumbed down the Bureau of Internal Revenue’s (BIR) plan to impose taxes on overseas Filipino workers’ (OFWs) contributions to the Social Security System (SSS) and to the Home Development Mutual Fund, popularly known as Pag-IBIG.

“We know that it is the BIR’s duty to raise and collect taxes but the government must be reasonable and fair (enough to) consider the present socio-economic plight of our people,” said John Leonard Monterona, regional coordinator of Migrante-Middle East (M-ME).

The BIR earlier this week confirmed that it issued a circular to study the imposition of taxes to SSS and PAG-IBIG members who have contributed more than the amount allowed by law, as it is considered as an “investment”, and therefore should be taxed.

The BIR stressed that the proposal is still under study.

Continue reading at Manila Bulletin