Income Tax Basics

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Questions and Answers

Who is taxable on all income derived from sources within and without the Philippines?

  • A domestic corporation
  • A citizen of the Philippines residing therein (correct)
  • A nonresident citizen
  • An alien individual

Who is taxable only on income derived from sources within the Philippines?

  • A nonresident citizen (correct)
  • An alien individual
  • A citizen of the Philippines residing therein
  • A domestic corporation

Who is taxable only on income derived from sources within the Philippines, whether engaged or not in trade or business in the Philippines?

  • An alien individual
  • A domestic corporation
  • An individual citizen of the Philippines working abroad
  • A foreign corporation (correct)

Who is taxable only on income derived from sources within the Philippines, except when working and deriving income from abroad as an overseas contract worker?

<p>An alien individual (B)</p> Signup and view all the answers

Who is taxable only on income derived from sources within and without the Philippines?

<p>An individual citizen of the Philippines working abroad (B)</p> Signup and view all the answers

Who is taxable on all income derived from sources within and without the Philippines?

<p>A citizen of the Philippines residing therein (A)</p> Signup and view all the answers

Who is taxable only on income derived from sources within the Philippines, except when working and deriving income from abroad as an overseas contract worker?

<p>An individual citizen of the Philippines (B)</p> Signup and view all the answers

Who is taxable only on income derived from sources within the Philippines?

<p>A nonresident citizen (C)</p> Signup and view all the answers

Who is taxable only on income derived from sources within the Philippines, whether engaged or not in trade or business in the Philippines?

<p>A foreign corporation (B)</p> Signup and view all the answers

Who is taxable on all income derived from sources within and without the Philippines?

<p>A domestic corporation (B)</p> Signup and view all the answers

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