10 Guam Code Ann. § 85111
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Terms Used In 10 Guam Code Ann. § 85111
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
The Corporation and all property acquired by or for the Corporation and all revenues and income earned by the Corporation are exempt from the taxation by the Territory for those taxes that are imposed by the Territory, including but not limited to the territorial income tax and the business privilege tax.
SOURCE: GC § 49030. Amended by P.L. 29-002:VI:28 (May 18, 2007) the name, Gross Receipts Tax, changed to Business Privilege Tax.
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10 Guam Code Ann. HEALTH AND SAFETY
CH. 85 GUAM MEMORIAL HEALTH PLAN