11 Guam Code Ann. § 26207
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Terms Used In 11 Guam Code Ann. § 26207
- 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.
In the case of a corporation, the officers, directors, and employees thereof, the liability of such directors, officers and employees of the corporation for unpaid business privilege taxes payable by the corporation shall be the same as the liability for directors, officers, and employees of a corporation for unpaid U. S. wage withholding tax, as indicated in the Internal Revenue Code of the United States.
SOURCE: Added by P.L. 19-010:24; amended by P.L. 19-013:11.
SOURCE: Added by P.L. 19-010:24; amended by P.L. 19-013:11.
2015 NOTE: Pursuant to P.L. 29-002:VI:28 (May 18, 2007), references to Gross Receipts Tax altered to Business Privilege Tax.