Life Insurance Co - surplus is taxed
Non-Life/Casualty - Same??作者: mik82 时间: 2011-7-13 14:44
Everything is taxable in a non-life company.作者: nannan66 时间: 2011-7-13 14:44
Unless specified otherwise, endowments/foundations are non taxable. Albeit, foundations have to maintain a certain spending rate, usually 5% to keep this status.
Unrelated business income is taxable.
NO EXCUSES作者: Roflnadal 时间: 2011-7-13 14:44
bdulog I really wish you pass man You have provided so much intelligence on this forum and all of it was to the point and usefull作者: thommo77 时间: 2011-7-13 14:44
Life insurance companies amount of income that goes to policy holders is not taxed, amount to surplus gets taxed作者: Unforseen 时间: 2011-7-13 14:44
toofun Wrote:
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> bdulog I really wish you pass man You have
> provided so much intelligence on this forum and
> all of it was to the point and usefull
