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[REPUBLIC ACT NO. 10001] AN ACT REDUCING THE TAXES ON LIFE INSURANCE POLICIES, AMENDING FOR THIS PURPOSE SECTIONS 123 AND 183 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED. Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:
AN ACT REDUCING THE TAXES ON LIFE INSURANCE POLICIES, AMENDING FOR THIS PURPOSE SectionS 123 AND 183 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED.
23 Φεβ 2010 · Republic Act No. 10001. Full Title. AN ACT REDUCING THE TAXES ON LIFE INSURANCE POLICIES, AMENDING FOR THIS PURPOSE SECTIONS A23 QND 183 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997,AS AMENDED. Digital Resource. View PDF file as uploaded in Senate website.
Republic Act No. 10001 reduces taxes on life insurance policies in the Philippines, implementing a 2% tax on premiums and a one-time documentary stamp tax based on the amount of insurance, with exemptions and regulations provided.
[ republic act no. 10001, february 23, 2010 ] an act reducing the taxes on life insurance policies, amending for this purpose sections 123 and 183 of the national internal revenue code of 1997, as amended
Created Date: 8/28/2007 12:38:26 AM
Republic Act No. 10001 Section 1. Section 123 of the National Internal Revenue Code of 1997, as amended, is hereby further amended to read as follows: ... firm or association doing business outside the Philippines on account of any life insurance of the insured who is a nonresident, if any tax on such premium is imposed by the foreign country ...