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Establishment of receivership of the insurance and reinsurance undertaking; - filing a motion to declare bankruptcy of an insurance and reinsurance company; -appointing and dismissing a curator of a cooperative savings and credit union; - issuing decisions on appointing a receiver of a cooperative savings and credit union; suspension of the activities of the cooperative savings and credit union referred to in Art. k section or of the Act of November , on cooperative savings and credit unions -until this decision is implemented.

Taxpayers covered by -implemented recovery plan; - restructuring program; -recovery philippines photo editor plan. Summary The tax on financial institutions is of a property nature and the subject of taxation are the assets of taxpayers. In turn, taxpayers of this tax include, among others domestic banks, branches of foreign banks or branches of credit institutions. Go to this article if you want to know what tonnage tax is . The most important questions What is bank tax? Bank tax, also known as tax on certain financial institutions, is a special levy imposed on selected financial institutions.



Such as banks, based on the excess value of their assets above a certain amount. How much is the bank tax? Currently, the bank tax is . % per month, which corresponds to . % per year. The amount of tax that a bank pays depends on the value of its assets, less certain discounts, such as own funds and treasury securities.