Taxation of UITF income
November 30, 2006
Q. Will a separate tax be imposed on my earnings once I redeem my Unit Investment Trust Funds (UITFs) participation?
A. No, as long as proper taxes have already been collected prior to the redemption of your UITF participation. That’s according to Senen Quizon, a tax manager at Punongbayan & Araullo, who wrote the article “Taxation of Unit Investment Trust Funds (UITFs)” published in Business World Philippines on August 2006.
