Practice question
A corporation is established on July 1. Under 161's special establishment rule, is it liable for community tax for that year?
- Yes; the rule treats July 1 as before June 30.
- Yes; ten prior years are due automatically.
- Only its directors' birthdays determine liability.
- No corporation can ever be liable in any later year.
- No; corporations established on or after July 1 are not liable for that year.
Legal references
- RA7160, LGC Sections139,145-146,150,157-163 and252-253: https://lawphil.net/statutes/repacts/ra1991/ra_7160_1991.html
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