- Philstar.com
- The Philippine Star
- Pilipino Star Ngayon
- The Freeman
- Pang-Masa
- Banat
- Interaksyon
SUPPORT PHILSTAR
About Us |
Contact Us |
Advertise |
Privacy Policy |
Member Agreement |
Copyright Notice
Copyright © 2024. Philstar Global Corp. All Rights Reserved
X
+ Follow TRUSTS Tag
TRUSTS
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 346764 [Title] => TOAP clarifies ruling on UITF [Summary] => The Trust Officers Association of the Philippines (TOAP) said that gains arising from redemption of unit investment trust fund (UITF) participation are not subject to a final withholding tax.
In a position paper, the TOAP said the Bureau of Internal Revenue (BIR) Ruling No. 003-05 stated that the final tax withheld on interest income payments to the trust fund is distinct and separate from the tax on the income derived by the individual investor, it qualified that this is only applicable to irrevocable trusts.
[DatePublished] => 2006-07-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [1] => Array ( [ArticleID] => 279936 [Title] => Banks asked to explain sudden increase in living trust accounts [Summary] => The Bangko Sentral ng Pilipinas (BSP) is asking banks to explain the sudden increase in their living trust accounts, indicating that interim measures might be taken while the harmonized rules on collective investment products were being finalized.
Following the phase-out of common trust funds, the BSP had detected a shift to other lightly-regulated trust accounts, prompting the BSP to warn that it would soon crack down on these instruments as well.
[DatePublished] => 2005-06-01 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 272645 [Title] => BSP notes unusual increase in living trust accounts of banks [Summary] => Following the phase-out of common trust funds, banks have been shifting en masse to other lightly-regulated trust accounts, prompting the Bangko Sentral ng Pilipinas (BSP) to warn that it would soon crack down on these instruments as well.
The BSP reported over the weekend that there had been an "unusual increase in the living trust accounts of banks" shortly before and right after the effectivity of the rule that required banks to convert to unit investment trust funds (UITFs).
[DatePublished] => 2005-04-04 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
July 11, 2006 - 12:00am
By Des Ferriols | June 1, 2005 - 12:00am
By Des Ferriols | April 4, 2005 - 12:00am
Recommended
Senators challenged the Philippine Amusement and Gaming Corp. (PAGCOR) to name the former Cabinet official who allegedly facilitated the grant of gaming licenses to Philippine offshore gaming operators (POGOs) so as not to cast doubt on all other former members of the Cabinet.
18 hours ago
The bombshell revelation of Alejandro “Al” Tengco, chairman and chief executive officer (CEO) of the Philippine Amusement and Gaming Corp. (PAGCor), may be likened to an improvised explosive device (IED) he triggered while he was still holding on to it. In a press statement he issued over the weekend, Tengco accused a certain former Cabinet official as allegedly “trying to intercede for POGOs,” or the Philippine Online Gaming Operators.
18 hours ago
Senator Win Gatchalian accused the National Telecommunications Commission (NTC) of “sleeping on the job” after thousands of SIM cards were found in raids of POGO hubs in Pasay, Bamban and Porac. The raiding teams from the Presidential Anti-Organized Crime Commission (PAOCC) tagged these supposedly POGO operations as hotbeds of illegal activities by foreign criminal syndicates victimizing people here and abroad. They give our country a bad international reputation.
18 hours ago
Veteran power energy executive Emmanuel Rubio is taking the reins at Meralco PowerGen Corp. (MGen) as its new president and CEO effective today.
18 hours ago
A former high-ranking government official tried to secure gaming licenses for several illegal Philippine offshore gaming operators that have recently been raided, the Philippine Amusement and Gaming Corp. said.
2 days ago
Lotto Jun 30, 2024
EZ2 - 18 15
SUERTRES - 3 6 1
6/49 Lotto - 49 29 26 41 7 8
P94,952,236.00
6/58 Ultra Lotto - 50 41 4 5 34 47
P49,500,000.00
Forex
February 12, 2018
- 12:00 am
- 12:00 am
1$ : P51.66