The Manila Times on MSN16d
SC exempts foreign currency accounts from estate tax
The Supreme Court (SC) has ruled that foreign currency deposit accounts are exempt from estate tax under Republic Act 6426, also known as the Foreign Currency Deposit Act of the Philippines. The ...
GMA Network on MSN15d
Foreign currency deposit accounts exempt from estate tax — SC
Foreign currency deposit accounts are not subject to estate tax, the Supreme Court (SC) has ruled. In a decision, the SC First Division upheld the claim for an estate tax refund filed by the estate of ...