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When bringing money into the Philippines there is a requirement that you declare any amount that is PhP 400,000 equivalent or $10,000 USD or over You do this on the Customs form when arriving at the airport. That means $9,999 is the max amount you can bring in without reporting.
The requirement is here and here.
The limit is applied to all persons traveling together (mainly families with kids) on the same itinerary.
Although there is no tax or drawback from doing so (it's only a reporting requirement to stop money laundering), some people like their privacy.
For these privacy-seekers I present legitimate ways to avoid reporting:
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