Tax Liability of an Insurance Underwriter
BIR Ruling No. 414-60 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Sep 23, 1960
Full text
September 23, 1960 BIR RULING NO. 414-60 Miss Fe Fernandez Santiago, Isabela M a d a m : In answer to your letter dated August 30, 1960, I have the honor to inform you that an insurance underwriter is subject only to the annual occupation tax of P75.00 prescribed by section 182(B)(1) of the Tax Code. Not being a broker nor a contractor, he is not subject to the percentage tax either under section 195 or 191 of the said Code. Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue
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