She initially excluded the dollar deposit account from the estate tax computation but later paid an additional ... Section 6 of Republic Act 6426 (Foreign Currency Deposit Act of the Philippines).

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 ...

Sustainability has become a defining factor in global investment trends, and the Philippines is embracing this shift through ...

MANILA, Philippines – Estate Water, an operating unit of Manila Water Non-East Zone subsidiary Manila Water Philippine Ventures (MWPV), recently celebrated its 9th anniversary in the water ...

In the Philippines, foreign exchange transactions ... in authorized Philippine institutions are exempt from the estate tax. (Commissioner of Internal Revenue v. Estate of Charles Marvin Romig ...

MANILA, Philippines — President Ferdinand “Bongbong” R. Marcos Jr. on Tuesday renewed the government’s commitment to enforce accountability on tax evaders, adding they will also strictly ...

MANILA, Philippines — In a dialogue with city mayors yesterday, Finance Secretary Ralph Recto addressed concerns on the computation of national tax allotment (NTA) shares for local government ...

MANILA, Philippines — Finance ... agencies were ordered to include the tax collection of the Bureau of Internal Revenue and Bureau of Customs in the computation of the NTA base.

"Legally, it cannot be done," Escudero said. Duterte became the second-most-senior elected official in the Philippines to be impeached after former President Joseph Estrada in 2000.

Thousands of small businesses and farms have wound up having to be sold in order to pay estate taxes that the family could not otherwise afford. Much to the hue and cry of his Democrat political ...

This year, estate planning practitioners have significant opportunities for estate tax savings for our high-net-worth clients. Time is critical though, and there are some traps for the unwary in ...