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Manila Gas Corp. Tax Liability Ruling by armeru is a document available to read on EtoBox.

The Supreme Court ruled that Manila Gas Corporation is not liable for income tax on its own earnings, but its stockholders are liable for taxes on dividends received. The court determined that payments made to foreign corporations, Island Gas and General Finance, are subject to Philippine taxation as the income is derived from local sources, despite the location of payment. The decision emphasized that a corporation

Author

armeru

Language

EN