This case has been cited 1 times or more.
|
2008-09-16 |
NACHURA, J. |
||||
| On February 18, 2002, Smart filed a special civil action for declaratory relief[3] under Rule 63 of the Rules of Court, for the ascertainment of its rights and obligations under the Tax Code of the City of Davao,[4] particularly Section 1, Article 10 thereof, the pertinent portion of which reads:Notwithstanding any exemption granted by any law or other special law, there is hereby imposed a tax on businesses enjoying a franchise, at a rate of seventy-five percent (75%) of one percent (1%) of the gross annual receipts for the preceding calendar year based on the income or receipts realized within the territorial jurisdiction of Davao City. | |||||