TITLE II
TAX ON
INCOME
CHAPTER II
GENERAL
PRINCIPLES
SEC.
23. General Principles of Income Taxation in the Philippines.
- Except when otherwise provided in this Code:
(A) A citizen of the
Philippines residing therein is taxable on all income derived from
sources
within and without the Philippines;
(B) A nonresident
citizen
is taxable only on income derived from sources within the 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;
(D) An alien
individual,
whether a resident or not of the Philippines, is taxable only on income
derived from sources within the Philippines;
(E) A domestic
corporation
is taxable on all income derived from sources within and without the
Philippines;
and
(F) A foreign
corporation,
whether engaged or not in trade or business in the Philippines, is
taxable
only on income derived from sources within the Philippines.
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