BIR Ruling No. 030-61

January 26, 1961 BIR RULING NO. 030-61 1st Indorsement Respectfully returned to the Insurance Commissioner, Manila, the attached papers pertaining to the query of Mr. Ricardo A. Wong, with the following comment as requested: prll A corporation acting as general agent of an insurance company or a branch office of an insurance company is not subject to the occupation or privilege tax on insurance agents, for internal revenue tax purposes. Privilege taxes on occupations, such as on, insurance agents, are imposed only on natural persons. Such being the case, all individuals employed, whether on commission or salary basis, by a corporation acting as general agent of an insurance company or by a branch office of an insurance company, who solicit or procure applications for insurance are subject to the occupation tax of P75.00 per annum, as prescribed by Section 182(B)(1) of the Tax Code, as amended. Insurance companies (including its branch offices) are, however, subject to the income tax (Sec. 4) and miscellaneous tax (Secs. 255 to 258) in accordance with the provisions of the Tax Code, as amended, and to the basic and additional residence taxes prescribed by the Residence Tax Law, as amended. It may likewise be subject to other taxes, depending upon the nature of its business activities other than insurance business. cdti Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue