Practice question
How does 158 treat intercorporate dividends for a covered corporation's additional community-tax base?
- They are categorically excluded by 158.
- They replace the corporation's registered address.
- They are considered part of gross receipts or earnings.
- They eliminate all community-tax liability automatically.
- They count only as the shareholders' ages.
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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