Is upwork bank transfer to the philippines considered as remittance?

[raudelyn]

Is upwork bank transfer to the philippines considered as remittance?

[AveryO]

Hi Raudelyn, 

Direct to Local Bank service lets you withdraw your earnings from Upwork directly to your bank account in your local currency. The system works like a global version of a direct deposit. You may need to check this with your local bank to confirm this information. 

If you are looking to classify this in terms of tax payments, I recommend that you reach out to a local tax advisor for more information.