Practice question
Under CREATE MORE’s relevant export-oriented-enterprise provisions, what export-sales threshold is specified?
- More than 90% of the current month
- At least 70% of total annual production of the preceding taxable year
- Exactly 100% in every case
- Any export sale, however small
- Only the shareholder’s estimate
Legal references
- NIRC Sections 106,108,293(D),295(D), as amended by RA 12066, Sections 6-7,16,18: https://lawphil.net/statutes/repacts/ra2024/ra_12066_2024.html
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