Tax rules for insurance firms' income, premiums, DST

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BIR REVENUE MEMORANDUM CIRCULAR NO. 59 - 2008: Tax rules for insurance firms' income, premiums, DST

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Title Supreme Court: Tax rules for insurance firms' income, premiums, DST

Law: Bir Revenue Memorandum Circular No. 59 - 2008

Decision Date: Aug 23, 2008

Lilian B. Hefti, Commissioner of Internal Revenue, issues amendments to clarify the taxability of life and non-life insurance companies regarding Minimum Corporate Income Tax, business tax, and documentary stamp tax, refining deductions and tax rates based on recent industry consultations.

taxation

insurance tax

corporate income

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