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Philippine Bar review · Question

Practice question: Taxability

Multiple Choice Easy

Practice question

Under CMEPA’s amended Section 32(B)(7)(g), does every bond acquire the project-specific exclusion merely because it is called green or infrastructure?
  1. Yes, marketing names suffice
  2. Yes, every private bond is automatically excluded
  3. Only the broker’s opinion matters
  4. No statutory conditions exist
  5. No; the specified issuer, financing purpose and statutory determination must be established

Legal references

  • RA 12214 (CMEPA), Sections 3-4, 8 and 28, amended NIRC Sections 22, 24 and 32 and transition: https://lawphil.net/statutes/repacts/ra2025/ra_12214_2025.html

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