25.) S1: In order for passive income to be subject to final tax under section 24 (B) of the NIRC, theincome must be derived from sources within or without the Philippines.S2: An income that is exempted from income tax uncer the law, is not subject to withholding tax.S3: Dividend income earned by a resident citizen is always subject to 10% final tax.Which is True?O a. Only S1 is Trueb. Only S2 is Truec. Only S3 is TrueO c. Only S3 is True

Taxable income refers to the income or amount which is used for computing the taxes that are owed…

S1: In order for passive income to be subject to final tax under section 24 (B) of the NIRC, the income must be derived from sources within or without the Philippines. S2: An income that is exempted from income tax under the law, is not subject to withholding tax. S3: Dividend income earned by a resident citizen is always subject to 10% final tax. Which is True?

S1: In order for passive income to be subject to final tax under section 24 (B) of the NIRC, the income must be derived from sources within or without the Philippines. S2: An income that is exempted from income tax under the law, is not subject to withholding tax. S3: Dividend income earned by a resident citizen is always subject to 10% final tax. Which is True?

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter16: Multijurisdictional Taxation

Section: Chapter Questions

Problem 20P

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Similar questions

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