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BIR Ruling 25-02 June 25, 2002 PDF
BIR Ruling 25-02 June 25, 2002 PDF
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Attention: R. C. Vinzon
Tax Division
Gentlemen :
This refers to your letter dated January 24, 2002 requesting on behalf of
your client, Abbott Laboratories (Philippines), Inc. hereinafter referred to as
"Abbott-Phils." for confirmation that Abbott-Phils. is a publicly held corporation
as defined under Revenue Regulations No. 2-2001, and hence, exempt from the
Improperly Accumulated Earnings Tax (IAET) imposed under Section 29 of the
Tax Code of 1997.
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for 2001; and
(A) . . .
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(c) Insurance Companies. (Emphasis ours)
This ruling is being issued in the basis of the foregoing facts as represented.
However, if upon investigation it will be disclosed that the facts are different, then
this ruling shall be considered null and void.
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