Reinsurance Premiums Ceded to the Northern Assurance Company

December 15, 1958 BIR RULING NO. 713-58 Malayan Insurance Co., Inc. Yuchengco Building Rosario St., Manila Gentlemen : In reply to your letter of January 18, 1958, requesting a ruling on the question of whether or not the reinsurance premiums ceded by you to the Northern Assurance Company, a foreign corporation authorized to transact business in the Philippines but without having any office or place of business therein, are subject to withholding tax provisions of the National Internal Revenue Code, I have the honor to inform you that, the aforesaid reinsurance premiums ceded to it are subject to the withholding tax, pursuant to Section 54 of the National Internal Revenue Code. LLphil Very truly yours, (SGD.) MELECIO R. DOMINGO Acting Commissioner of Internal Revenue