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+ Follow FOREIGN ACCOUNT TAX COMPLIANCE ACT Tag
FOREIGN ACCOUNT TAX COMPLIANCE ACT
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 1513347
                    [Title] => Airport congestion getting worse
                    [Summary] => 

The horrible congestion at the airport is not only making life inconvenient for passengers...

[DatePublished] => 2015-10-21 10:00:00 [ColumnID] => 135726 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 1500044 [Title] => Financial firms told to brace for US-Philippines tax agreement [Summary] =>

The Bureau of Internal Revenue told Philippine financial firms to prepare for the full implementation of the inter-governmental agreement (IGA) between the US and Philippines on the Foreign Account Tax Compliance Act (Fatca) next year.

[DatePublished] => 2015-09-14 10:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1213316 [AuthorName] => Carlo S. Lorenciana [SectionName] => Freeman Cebu Business [SectionUrl] => cebu-business [URL] => ) [2] => Array ( [ArticleID] => 1499415 [Title] => Philippines urged to enact reforms on bank secrecy, money laundering [Summary] =>

Remittance senders could face higher costs and the country could again be proclaimed a tax haven come 2018, if the Philippines fails to enact reforms on bank secrecy and money laundering laws necessary to pass two international evaluations.

[DatePublished] => 2015-09-13 10:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 1422669 [Title] => Why the mad rush for bilateral talks with SIA? [Summary] =>

Many are wondering why the government seems to be in a mad rush to hold bilateral aviation talks with Singapore Airlines this week considering that barely a year ago...

[DatePublished] => 2015-02-12 00:00:00 [ColumnID] => 135726 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 1302020 [Title] => Banks not complying with FATCA may face sanctions [Summary] =>

Local banks with US-citizen clients who are non-compliant with US tax rules may face sanctions as they expose themselves to legal and financial risks, the Bangko Sentral ng Pilipinas said.

[DatePublished] => 2014-03-18 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1438879 [AuthorName] => Kathleen A. Martin [SectionName] => Business [SectionUrl] => business [URL] => http://imageshack.us/a/img18/428/bus2l.jpg ) [5] => Array ( [ArticleID] => 1267002 [Title] => Erap to visit GMA for Christmas [Summary] =>

Former president and now Manila Mayor Joseph Estrada has filed a request with the authorities to visit former President Gloria Arroyo who is still on hospital detention at the Veterans Memorial Medical Center (VMMC) in Quezon City. If one can recall, then President Arroyo also did the same in 2001 when she visited Erap Estrada at the VMMC where the latter was detained along with his son Jinggoy.

[DatePublished] => 2013-12-12 00:00:00 [ColumnID] => 135726 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => http://img560.imageshack.us/img560/5323/5bnx.jpg ) [6] => Array ( [ArticleID] => 1237327 [Title] => Asian bankers tackle growth strategies [Summary] =>

Global macroeconomics and its influences on Asian banks were extensively discussed at the 30th Asian Bankers Association (ABA) general meeting held in Ulaanbaatar, Mongolia last Sept. 12 and 13.

[DatePublished] => 2013-09-24 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [7] => Array ( [ArticleID] => 1236979 [Title] => Asian bankers wary of new US rules on foreign accts [Summary] =>

Members of the Asian Bankers Association (ABA), which include the Philippines, have expressed concern on the possible negative impact of the Foreign Account Tax Compliance Act (FATCA) on their operations.

[DatePublished] => 2013-09-23 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 961247 [Title] => BSP asks banks to prepare for US FATCA implementation [Summary] =>

Financial institutions were asked to prepare for the effectivity of a US order next year targeted at running after American tax evaders offshore and seen having an impact on their operations.

[DatePublished] => 2013-07-04 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 783488 [Title] => Phl banks asked to participate in FATCA [Summary] =>

Banks in the Philippines are encouraged to participate in the Foreign Account Tax Compliance Act (FATCA) passed by the United States Congress to enable them to participate in the global banking environment.

[DatePublished] => 2012-03-05 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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