News Non-Life09 Apr 2021

Philippines:Govt urged to reduce tax on non-life insurance

09 Apr 2021

The government should lower the tax rate, of 26-27%, on non-life insurance, including that for crop or agriculture insurance, to around the rate on life insurance, which is 2%, according to Mr Jaime Aristotle Alip, chairman emeritus and founder of the country's largest microfinance firm CARD MRI (Centre for Agriculture and Rural Development - Mutually Reinforcing Institutions).

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