Can I read CIR vs. Philippine American Insurance Tax Case on EtoBox?
CIR vs. Philippine American Insurance Tax Case by Justin Jeric M. Isidoro is a document available to read on EtoBox.
What is CIR vs. Philippine American Insurance Tax Case about?
This document summarizes a tax case between the Commissioner of Internal Revenue (CIR) and Phil American Accident Insurance Company. The insurance company paid taxes under protest but sought a refund, arguing they were not subject to the 3% tax on lending investors. Both the Court of Tax Appeals and the Court of Appeals agreed, finding that insurance companies do not fall under the definition of "lending investors" and should not be taxed further for activities incidental to their main insurance business. T
- Author
- Justin Jeric M. Isidoro
- Language
- EN