BIR Circular on Taxability of Life Insurers

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BIR REVENUE MEMORANDUM CIRCULAR NO. 49-2010: BIR Circular on Taxability of Life Insurers

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Title Source: Supreme Court: BIR Circular on Taxability of Life Insurers

Law: Bir Revenue Memorandum Circular No. 49-2010

Decision Date: Jun 3, 2010

The BIR Revenue Memorandum Circular No. 49-2010 amends tax regulations for life insurance companies, clarifying the taxability of various income sources, including premiums, management fees, and investment income, to ensure proper compliance with business tax and documentary stamp tax requirements.

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