Bill Type
Congress Name
Long Title
AN ACT EXEMPTING NON-LIFE INSURANCE POLICIES FROM THE EXPANDED VALUE-ADDED TAX AND DOCUMENTARY STAMP TAX REPEALING FOR THE PURPOSE SECTION 184, AND AMENDING SECTIONS 108, 109 AND 185 OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED
Date filed
August 6, 1998
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB01894 |
| FULL TITLE : AN ACT EXEMPTING NON-LIFE INSURANCE POLICIES FROM THE EXPANDED VALUE-ADDED TAX AND DOCUMENTARY STAMP TAX REPEALING FOR THE PURPOSE SECTION 184, AND AMENDING SECTIONS 108, 109 AND 185 OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED |
| ABSTRACT : Abolishes the expanded value added tax (E-VAT) and the documentary stamp tax on nonlife insurance policies to strengthen the nonlife insurance industry and make it competitive with its Asian neighbors. |
| PRINCIPAL AUTHOR/S : TULAGAN, GENEROSO D. |
| DATE FILED : 1998-08-06 |
| SIGNIFICANCE: NATIONAL |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 1998-08-12 |
Abstract
Abolishes the expanded value added tax (E-VAT) and the documentary stamp tax on nonlife insurance policies to strengthen the nonlife insurance industry and make it competitive with its Asian neighbors.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.