(NAR) VOL. III NO. 3 / JULY - SEPTEMBER 1992
"a. Travel allowances;Another allowable purpose is: Payment of fees for examinations (such as TOEFL examination) to be held in the Philippines by foreign firms which require such payment to be remitted abroad. xxx
b. Educational expenses abroad;
c. Medical and hospitalization expenses;
d. Support of dependents abroad;
e. Port disbursements abroad of aircraft and vessels of Philippine registry or chartered/leased by domestic operators for fuel, ship’s stores and similar supplies, harbor/airfield fees, repairs and maintenances;
f. Mail fees;
g. Fees for correspondence courses;
h. Salvage fees;
i. Foreign advertising costs;
j. International settlement of accounts for telegraph, telegram, cable, radio, satellite and other communication facilities;
k. Membership dues and registration/examination fees;
l. Subscription to foreign magazines or periodicals for non-commercial use;
m. Real property taxes and income taxes due to foreign governments;
n. Commissions on exports, or on inward foreign investments, due foreign agents;
o. Rebates, discounts and refunds of export proceeds due to defective export shipments or late deliveries;
p. Maintenance and administrative expenses of overseas private and government offices;
q. Transfers of emigrant’s assets;
r. Remittance of salaries of temporary resident;
s. Technology transfer payments;
t. Royalty fees and payments for copyrights;
u. Producer’s shares in movie revenues/TV fil, rentals;
v. Retainer fees due foreign professional;
w. Reinsurance premia and payments for losses;
x. Revenues of foreign airlines and shipping companies; and
y. Lease payments.
"Payments that are foreign loan related, including payments for schemes/arrangements which partake of the nature of a loan, shall continue to be governed by existing Cental Bank regulations."
Inquiries regarding the sale of international money orders shall be sent to the Chief, Money Order Section, Central Office, this Corporation.
Country Incoming Limit Outgoing Limit1. Brunei $400 $4002. Hongkong US$150 US1003. Indonesia US150 US1004. Japan US$1,000 US$5005. Korea US$1,000 US$5006. Kuwait US$300 US$1007. Malaysia US$300 US$3008. Singapore US$2,000 US$5009. Thailand US$150 US$50010. United Arab Emirated (UAE) US$2,722 US$50011. U.S.A. US$700 US$500
12. Australia Agreement suspended by Australia effective 01 June 1990.