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Philippine Bar review · Question

Practice question: Situs of Income Taxation

Essay Medium

Practice question

Compare personal property manufactured in the Philippines and sold abroad with ordinary goods purchased in the Philippines and resold abroad. Apply Section42(E), assuming no domestic-share or other special rule.

Legal references

  • NIRC RA8424, relevant provisions as amended: https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html Section42(E).

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