[In the news] OFWs in Sri Lanka, Kuwait, Qatar, Turkey won’t benefit from double taxation treaties — NGO -InterAksyon.com

OFWs in Sri Lanka, Kuwait, Qatar, Turkey won’t benefit from double taxation treaties — NGO
by Veronica Uy, InterAksyon.com
February 2, 2012

MANILA, Philippines — Overseas Filipino workers in Sri Lanka, Kuwait, Qatar, and Turkey will not benefit from the treaties against double taxation being pushed for ratification by the Department of Foreign Affairs, a migrant workers’ group said Thursday.

According to the Center for Migrant Advocacy, which attended the Senate hearing on the matter, OFWs in these countries are already exempt from taxation on income earned from overseas employment.

The Senate needs to ratify the conventions for the avoidance of double taxation and the prevention of fiscal evasion With respect to taxes on income with these countries before they become enforceable.

CMA executive director Ellene Sana said these bilateral agreements seem to benefit foreign companies engaged in business in the Philippines more than OFWs in the four countries.

Read full article @ www.interaksyon.com

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