Taxation for Individuals

The rules for Individual Taxpayers apply to

• Baste Macatangay, a citizen of the Philippines

• Lyssa Polero & Co., a partnership established in the Philippines

• Uniheart Philippines, a domestic Corporation

• All of the previous choices

 

It is important to draw a line among each classification of Individual Taxpayers because tax treatment differs in terms of

• Tax Base

• Tax Rates

• Taxable Source

• All of the given choices.

Which of the following is incorrect in applying the rules for citizenship?

• You need to be a Filipino citizen on or after the adoption of the 1987 Philippine Constitution.

• Both of your parents must be a Filipino.

• If born before January 17, 1973, and your mother is a Filipina, you need to elect Philippine Citizenship upon reaching the age of majority.

• None of the previous choices

Can a foreigner be considered a citizen of the Philippines?

• Yes, if he’s naturalized in accordance with Philippine laws.

•   Yes, if he’s a resident of the Philippines.

• Yes, if he’s operating businesses in the Philippines

• Yes, if he’s employed in the Philippines.

The classification of Individual Taxpayers was properly sorted out under National Internal Revenue Code (Tax Code) or formally known as

• RA 9298

• RA 10963

• RA 11534

• RA 8424

Which classification of Individual Taxpayers was not comprehensively defined in the Tax Code; hence, its definition is considered a residual definition?

• Resident Citizen

• Nonresident Citizen

• Resident Alien

• Nonresident Alien

What accounting period(s) may an Individual Taxpayer use?

• Calendar

• Fiscal

• Interim

• All of the given choices.

Which of the following is true in categorizing a Filipino citizen as nonresident?

•    To be a nonresident, a Filipino citizen must be physically present abroad, must have a definite intention to reside therein and must be employed on a permanent basis.

•    To be a nonresident, a Filipino citizen must be physically present abroad, must have a definite intention to reside therein or be employed therein on a permanent basis.

•   To be a nonresident, a Filipino citizen need not be physically present abroad, provided, he has a definite intention to reside abroad, and he will be employed on a permanent basis.

• To be a nonresident, a Filipino citizen need not be physically present abroad and may be employed on a temporary basis, provided, he has a definite intention to reside abroad.

   

    Complete the sentence: Another way to categorize a Filipino citizen as nonresident is when he stayed for work outside the Philippines ______________________________________________

• for 180 days or more

• for more than 180 days

•   for 183 days or more

• for more than 183 days

 

Can there be a case when a citizen be considered both a resident and nonresident within the same taxable year?

•   Yes, if a nonresident citizen returned to the Philippines for good in May, he is taxable on his income worldwide from January – April and taxable on his income within from May – June.

•    Yes, if a nonresident citizen returned to the Philippines for good in May, he is taxable on his income within from January – April and taxable on his income worldwide from May – June.

•   No, if a nonresident citizen returned to the Philippines for good in May, he is taxable on his income worldwide starting January of next year.

•   No, if a nonresident citizen returned to the Philippines for good in May, he is taxable on his income worldwide starting January of current year, his year of arrival.