"Sun Life is a mutual life insurance company organized and existing under the laws of Canada. The antecedents, as narrated by the CA, are as follows: "WHEREFORE, the petition for review is hereby DENIED." 4 The dispositive portion of the Decision reads as follows: Significantly, neither the Tax Code nor the Insurance Code mandates this administrative registration.īefore us is a Petition for Review 1 under Rule 45 of the Rules of Court, seeking to nullify the JanuDecision 2 and the ApResolution 3 of the Court of Appeals (CA) in CA-GR SP No. Not being governed by the Cooperative Code of the Philippines, it is not required to be registered with the Cooperative Development Authority in order to avail itself of the tax exemptions. SUNLIFE ASSURANCE COMPANY OF CANADA, Respondent.Īving satisfactorily proven to the Court of Tax Appeals, to the Court of Appeals and to this Court that it is a bona fide cooperative, respondent is entitled to exemption from the payment of taxes on life insurance premiums and documentary stamps. REPUBLIC OF THE PHILIPPINES, Represented by the COMMISSIONER OF INTERNAL REVENUE, Petitioner,
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |