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US tax to cut PHL remittance growth

20 July 2025
in Business
Reading Time: 3 mins read
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US tax to cut PHL remittance growth
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By Luisa Maria Jacinta C. Jocson, Senior Reporter

THE UNITED STATES’ remittance tax could trim the Philippines’ remittance growth by 0.5 percentage point (ppt), the Bangko Sentral ng Pilipinas (BSP) said.

“The impact under the worst-case scenario could be about 0.5 (ppt) or even lower,” BSP Deputy Governor Zeno R. Abenoja told BusinessWorld on the sidelines of an event on Friday.

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