Tax Liability of a Trust Company
BIR Ruling No. 029-81 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jan 30, 1981
Full text
January 30, 1981 BIR RULING NO. 029-81 024-g 000-00 029-81 Bangko sa Lupa ng Pilipinas 6th Floor, B.F. Condominium Bldg. Intramuros, Metro Manila Attention: Mr . Reynaldo G . Geronimo Trust Officer Gentlemen : In reply to your letter dated September 29, 1980, please be informed that the trust company that you propose to put up "to engage in the business of acting as trustee or administering any trust or holding property in trust or on deposit for the use, benefit or behoof of others": Very truly yours, RUBEN B. ANCHETA Acting Commissioner
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.