Original Contracts of Insurance and Re-insurance on Life and Property
BIR Ruling No. 619-58 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Oct 20, 1958
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October 20, 1958 BIR RULING NO. 619-58 Mr. Norberto R. Robleza 406 Nueva Street Dasmarias, Manila S i r : In reply to your letter dated May 13, 1958, I have the honor to inform you that the original contracts of insurance and re-insurance on life and property are subject to documentary stamp tax pursuant to Sections 220 and 221 of the National Internal Revenue Code as amplified by Section 56 of Regulations No. 26, the Documentary Stamp Tax Regulations. Documentary stamp tax on insurance policy is a tax on documents and cannot be treated in the same manner as premium tax because the law itself provides for different treatment. LibLex Very truly yours, (SGD.) MELECIO R. DOMINGO Acting Commissioner of Internal Revenue
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