BIR Ruling No. 433-61
BIR Ruling No. 433-61 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Dec 8, 1961
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December 8, 1961 BIR RULING NO. 433-61 In answer to the queries of Mr. . . . , which were referred to this Office in your letter of . . . , I have the honor to inform you as follows: The documentary stamp must be affixed to the insurance policy on the date it is issued even if no premium has been paid as the documentary stamp tax accrues the moment such policy is issued. Such being the case, the subsequent cancellation of insurance policies issued will not exempt the issuer from the corresponding documentary stamp tax. aisadc xxx xxx xxx
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