REMITTANCE OF FOREIGN EXCHANGE EARNINGS

Is remittance of foreign exchange earnings by OFWs mandatory?

Yes. (Art. 22) GR: It shall be mandatory for all Filipino workers abroad to remit a
portion of their foreign exchange earnings to their families, dependents, and/or
beneficiaries in the country in accordance with rules and regulations prescribed by the
DOLE Secretary. It should be made through the Philippine banking system.

EXCEPTION: Remittance is not mandatory in the following instance:

(a) Where the worker’s immediate family members, dependents, or beneficiaries are
residing with him abroad;
(b) Filipino servicemen working in the U.S. military installations;
(c) Immigrants and Filipino professionals and employees working with the United
Nations agencies or specialized bodies.

Type of Employment Amount of Remittance required in % of

basic salary
Seamen, mariners 80%
Workers of Filipino contractors and 70%
construction companies
Doctors, engineers, teachers, nurses, and 70%
other professionals with free board and
lodging
Professionals without free board and 50%
lodging
Domestic and other service workers 50%
All other workers 50%

PROHIBITED ACTIVITIES (Art. 34): CAFF-IndIE-OFF-SOW

1. CA – Charge or Accept amount greater than that specified in the schedule of
allowable fees
2. F – Furnish or publish any false notice in relation to recruitment
3. F – False notice for the purpose of securing a license or authority
4. Ind – Induce or attempt to induce worker already employed to quit or transfer
5. I – Influence or attempt to influence not to employ any worker
6. E – Engage in recruitment of jobs harmful to public health or morality or to the
dignity of PH
7. O – Obstruct or attempt to obstruct inspection by the Secretary of Labor
8. FF – Fail to File required reports to Sec. Labor
9. S – Substitute or alter employment contracts already approved by DOLE
10. O – Officer or BOD of travel agency
11. W – Withhold or deny travel documents from applicant workers before
departure for monetary or financial considerations