Life Insurance Co - surplus is taxed Non-Life/Casualty - Same??
Everything is taxable in a non-life company.
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.
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Life insurance companies amount of income that goes to policy holders is not taxed, amount to surplus gets taxed
toofun Wrote: ------------------------------------------------------- > 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 Thanks you too dude