News - The Philippines: Bill on Reduction of Tax on Life Insurance Policies Endorsed

Source: Asia Insurance Review | Jan 2008

In a long-awaited move that will likely spur growth of the life insurance industry, the Department of Finance has endorsed a bill to cut premium tax on life insurance policies to 2% of the gross amount of yearly premium, from the present 5%.

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News - The Philippines: Bill on Reduction of Tax on Life Insurance Policies Endorsed

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