Practice question
Explain the foreign-corporation dividend source rule in Section42(A)(2)(b). Compare relevant Philippine-source gross-income ratios of40%,50% and60%, assuming all statutory period facts are established.
Legal references
- NIRC RA8424, relevant provisions as amended: https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html Section42(A)(2)(b).
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