TAGANITO MINING CORPORATION VS. COMMISSIONER CTA Case No. 4702. TMC is a domestic corporation granted a permit to explore, develop and utilize mineral deposits. In exchange, TMC is obliged to pay royalty to the government over and above other taxes. 5% excise tax was based on the amount and weight shown in the provisional invoice.
TAGANITO MINING CORPORATION VS. COMMISSIONER CTA Case No. 4702. TMC is a domestic corporation granted a permit to explore, develop and utilize mineral deposits. In exchange, TMC is obliged t…