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Manila Bankers' Life Insurance Corp. vs. CIR

MANILA BANKERS' LIFE INSURANCE CORPORATION, PETITIONER, VS. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. [G.R. Nos. 199732-33] COMMISSIONER OF INTERNAL REVENUE, PETITIONER, VS. MANILA BANKERS' LIFE INSURANCE CORPORATION, RESPONDENT.

G.R. Nos. 199729-30 | 2019-02-27

D E C I S I O N
 
A. REYES, JR., J.:
 
Nature of the Case

Before the Court are the consolidated petitions of Manila Bankers' Life Insurance Corporation (MBLIC) and the Commissioner of Internal Revenue (CIR) filed under Rule 45 of the Rules of Court. Both parties appealed from the August 18, 2011 Decision[1] and December 9, 2011 Resolution[2] of the Court of Tax Appeals (CTA) En Banc in CTA EB Case Nos. 620 and 621. Said rulings held (a) that premium taxes on insurance policies are considered "costs of service" in computing the Minimum Corporate Income Tax (MCIT); (b) that Documentary Stamp Taxes...