Guam § 23113 - Tax on Premiums Collected.
Full text of Guam Guam Code Annotated § 23113 — Tax on Premiums Collected., with citation guidance and answers to common questions.
§ 23113. Tax on Premiums Collected.
No taxes on qualified captive insurers. Each captive insurance
company to which is issued a Special Qualifying Certificate pursuant to the
provisions of Chapter 58, Title 12, Guam Code Annotated, shall pay no
taxes to the government of Guam on its premium or other insurance income
except ad valorem taxes on real and personal property used in the
production of income, and to the extent that it is first required to pay its
Guam income tax liability thereon before the same is rebated in full,
pursuant to its Special Qualifying Certificate.
COL120106
Frequently Asked Questions About Guam § 23113
What does Guam Code Annotated § 23113 cover?
Section 23113 ("Tax on Premiums Collected.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 23113?
A common citation format is "Guam Code Annotated § 23113" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 23113 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.