What is the tax code for insurance claim?

Our company received a fire insurance claim.  May I know what is the tax code?

Asked on September 26, 2015 2015-09-26 01:57:29 Business (商家)
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OS

The cash payment by the insurer or takaful operator in respect of an insurance or takaful settlement claim does not represent a supply by the insurer or takaful operator nor does it represent consideration for a supply made by the policyholder/contributor. Hence, indemnity payments or settlements are not subject to GST.

Reference: Insurance and Takaful (revised as at 22 October 2014) 

Answered on September 26, 2015. 2015-09-26 14:10:45
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