Taxability rules for insurance companies

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BIR REVENUE MEMORANDUM CIRCULAR NO. 30-2008: Taxability rules for insurance companies

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Title Source: Supreme Court: Taxability rules for insurance companies

Law: Bir Revenue Memorandum Circular No. 30-2008

Decision Date: Apr 1, 2008

BIR Revenue Memorandum Circular No. 30-2008 clarifies the tax obligations of life and non-life insurance companies regarding Minimum Corporate Income Tax, business tax, and documentary stamp tax, detailing the treatment of premiums, investment income, and ancillary services in compliance with the National Internal Revenue Code.

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