TAXATION DEFINITION

Front

An individual, a trust, estate, or corporation.

Back

person

Front

One person corporations, partnerships, joint-stock companies, joint accounts, associations, or insurance companies, excluding general professional partnerships and joint ventures for construction or energy operations.

Back

What is included in the term 'corporation'?

Front

Created or organized in the Philippines or under its laws.

Back

What does 'domestic' mean when applied to a corporation?

Front

A corporation which is not domestic.

Back

What does 'foreign' mean when applied to a corporation?

Front

A citizen of the Philippines who is physically present abroad with the intention to reside there, or who leaves the Philippines to reside abroad, or who works abroad and is physically present there most of the time.

Back

What is a 'nonresident citizen'?

Front

An individual whose residence is within the Philippines and who is not a citizen thereof.

Back

What is a 'resident alien'?

Front

An individual whose residence is not within the Philippines and who is not a citizen thereof.

Back

What is a 'nonresident alien'?

Front

A foreign corporation engaged in trade or business within the Philippines.

Back

What is a 'resident foreign corporation'?

Front

A foreign corporation not engaged in trade or business within the Philippines.

Back

What is a 'nonresident foreign corporation'?

Front

A guardian, trustee, executor, administrator, receiver, conservator, or any person acting in any fiduciary capacity.

Back

What does 'fiduciary' mean?