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Taxation Law I Part I: Taxation in General Chapter I: General Principles of Taxation
Taxation Law I Part I: Taxation in General Chapter I: General Principles of Taxation
NTC v. CA
Sec 40 (e) of the
Public Service Act
states that the basis
for computing the fee
to be charged by the
NTC on PLDT is the
capital stock
subscribed or paid.
The law is clear and