Philippines. A general professional partnership (GPP) is one: (2012 Bar Question)
2012 Bar Exam · Taxation Law · Question 12 · Multiple choice
The question
Philippines. A general professional partnership (GPP) is one: (2012 Bar Question)
- A.That is registered as such with the Securities and Exchange Commission and the Bureau of Internal Revenue;
- B.That is composed of individuals who exercise a common profession;
- C.That exclusively derives income from the practice of the common profession;
- D.That derives professional income and rental income from property owned by it.
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