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Philippine Bar review · Question

Practice question: Local Business Tax

Essay Medium

Practice question

A manufacturer has two factories with production shares 30% and 70%. Explain how 150(d) divides the factory portion and why an equal division would be incorrect on those facts.

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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