PRESIDENT Ferdinand Marcos Jr. is set to issue an executive order (EO) to implement nomad visas immediately without tax incentives, a tourism advisory body said on Friday.
PRESIDENT Ferdinand Marcos Jr. is set to issue an executive order to implement nomad visas immediately without tax incentives, a tourism advisory body said on Friday.The Private Sector Advisory Council-Tourism Sector Group said it had recommended the move during a meeting with the President on Wednesday.The tax incentives that could lead to increased take-up of the nomad visas can follow via a related bill to be passed by Congress, it added.
Digital nomad visa holders will not be listed as a resident of the Philippines for taxation purposes, and the income they receive from their employer will not be considered income from Philippine sources.The BI may revoke the digital nomad visa for any violation of the terms and conditions for its issuance or if the holder no longer qualifies.The BI will also be tasked to keep a registry of persons issued digital nomad visas.The bill's author, Surigao del Norte 1st District Rep.
Orders Drafting Of Nomad Visa Directive
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