Refund of the Withhold Taxes Effected on Reinsurance Premiums Ceded to Non-Resident Foreign Insurance Companies
BIR Ruling No. 295-60 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jul 13, 1960
Full text
July 13, 1960 BIR RULING NO. 295-60 Messrs. Meer, Meer & Meer Attorneys-at-Law Suite 302-306 Singson Bldg. Plaza Moraga, Manila Gentlemen : With reference to your request for the refund of the withhold taxes effected on reinsurance premiums ceded to your clients, non-resident foreign insurance companies, not authorized to do business in the Philippines, I have the honor to inform you that it is the position of this Office that said reinsurance premiums are subject to the withholding tax. Accordingly, your request has to be as it is hereby denied. prcd Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.