Philippines Rescinds Health Premium Tax Change | Mercer

Philippines Rescinds Health Premium Tax Change

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Philippines Rescinds Health Premium Tax Change
Philippines Rescinds Health Premium Tax Change
Calendar07 January 2019

The Filipino tax authority has rescinded an announcement dating from 2018 (Revenue Memorandum Circular (RMC) No. 50-2018) that would have required group health insurance premiums to be taxed as compensation.

RMC No. 96-2018 — issued 26 Nov 2018 — confirmed that “…the implementation of the pertinent provisions under RMC No. 50-2018 relative to the group health insurance premiums (Q7/A7) and director’s fees (Q34/A34) … are hereby deleted from RMC 50-2018.”

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