Quote Originally Posted by avington View Post
Ok I guess your talking about the Philippines National Bank - the only draw back if you use this service - All deposits (which is now classed as source of Income) is reported to the IRS - and is set off against Income if you are Pilipino living abroad - which when you make the next visit under new revenue laws - you are obligated to fill in a tax return form and declare all Income if you are still classed a Citizen of the Philippines - and they will have records of all revenue wired into the Philippines? if you use the Banks as a conduit for money transfers

Are so thats why the money is sent in my name lol. I thought it was just the missus had bought to much in primark for the big return later this month.

Personally we use a mixture of xoom, western union (the money is there asap when cost isn't the biggest worry) and a company called phillrem who are very good, although best to get the tagalog speaker to deal with them as when i have had to speak to them on the phone the wires can get crossed.

Do you have any more details of the new tax regulations? On this trip back im hoping for a nice hassle free trip no visa/embassy/cfo/nso/dfa/abc just jollibees,kfc and atc