ASP Exam II Readings

C. Taxation

De Castro, Isagani, Taxation Principles & Practice and Life Insurance Taxation. (Students should consider the new provisions of R.A. 8424)
Republic of the Philippines Act No. 8424 (The Tax Reform Act of 1997). Section 27 (excluding 27(B)), 32, 34(A) to 34(F), 34(M), 37, 85(E), 123, 183 and 186. Download
Revenue Memorandum Circular No. 22-2010 - Publishes the full text of Republic Act No. 10001 entitled “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” Link
Revenue Memorandum Circular No. 30-2008 – Clarifies the taxability of Insurance Companies for Minimum Corporate Income Tax, Business Tax, and Documentary Stamp Tax purposes. Link
Revenue Memorandum Circular No. 59-2008 – Amending Certain Portions of Revenue Memorandum Circular No. 30-2008 on the Subject of the Taxability of Insurance Companies for Minimum Corporate Income Tax (MCIT), Business Tax and Documentary Stamp Tax Purposes. Link
Email Circular No. PIRA-023/2015 – PGMA veto amending RA No. 10001