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General Principles: General Principles of Income Taxation in The Philippines. - Except When

The document outlines the general principles of income taxation in the Philippines. It states that citizens residing in the Philippines are taxed on all income, while nonresident citizens are taxed only on income from Philippine sources. Additionally, overseas contract workers are taxed only on income from within the Philippines, with specific provisions for seamen engaged in international trade.

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Naik
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16 views3 pages

General Principles: General Principles of Income Taxation in The Philippines. - Except When

The document outlines the general principles of income taxation in the Philippines. It states that citizens residing in the Philippines are taxed on all income, while nonresident citizens are taxed only on income from Philippine sources. Additionally, overseas contract workers are taxed only on income from within the Philippines, with specific provisions for seamen engaged in international trade.

Uploaded by

Naik
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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CHAPTER II.

General Principles

SEC. 23. General Principles


of Income Taxation in the
Philippines. - Except when
otherwise provided in this
Code:
A B

A citizen of the
Philippines residing A nonresident citizen
therein is taxable on is taxable only on
all income derived income derived from
from sources within sources within the
and without the Philippines;
Philippines;
C
An individual citizen of the Philippines who is working
and deriving income from abroad as an overseas
contract worker is taxable only on income derived
from sources within the Philippines: Provided, That a
seaman who is a citizen of the Philippines and who
receives compensation for services rendered
abroad as a member of the complement of a
vessel engaged exclusively in international trade
shall be treated as an overseas contract worker;

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