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Download - Catholic Educational Association of the Philippines

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BIR Rev Memo Circular No. 76-2003<br />

dtd 14 Nov 2003:<br />

REGULAR SCHOOL INCOME SUCH<br />

AS BOOKSTORES AND CANTEENS<br />

ARE EXEMPT, PROVIDED THAT<br />

THEY ARE OWNED AND OPERATED<br />

BY THE SCHOOL AND LOCATED IN<br />

THE SAME PREMISES.<br />

CEAP SMX NATIONAL<br />

ASSEMBLY 083012<br />

201

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