This case has been cited 1 times or more.
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2016-01-11 |
LEONEN, J. |
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| (2) Resident corporations. — A corporation organized, authorized, or existing under the laws of any foreign country, except a foreign life insurance company, engaged in trade or business within the Philippines, shall be taxable as provided in subsection (a) of this section upon the total net income received in the preceding taxable year from all sources within the Philippines.[56] (Emphasis supplied) | |||||