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Q: What are the basic features of our present income tax ** US tax cases have persuasive effect in our jurisdiction
system? because Philippine income taxation is patterned after its US
counterpart.
* Our present income tax system is global, schedular, and
progressive. CHAPTER I - DEFINITIONS
Sec. 22, Definitions - When used in this Title:
Q: What are the kinds of tax rates? (A) The term 'person' means an individual, a trust, estate
or corporation.
* Tax rates are either (1) flat or proportional, or (2) graduated. (B) The term 'corporation' shall include partnerships, no
The latter may further be classified into (a) progressive, or (b) matter how created or organized, joint-stock companies,
regressive. joint accounts (cuentas en participacion), association, or
insurance companies, but does not include general
Q: What are the kinds of income according to tax rates? professional partnerships and a joint venture or
consortium formed for the purpose of undertaking
* Income may either be subject to (1) schedular tax, (2) final construction projects or engaging in petroleum, coal,
tax, or (3) reduced rate, e.g., minimum corporate income tax. geothermal and other energy operations pursuant to an
* In Conwi v. Court of Tax Appeals, petitioners were Filipino 23(C) An individual citizen of the Philippines who is
citizens and employees of Procter & Gamble, Philippine working and deriving income from abroad as an overseas
Manufacturing Corporation. In the years 1970 and 1971, contract worker is taxable only on income derived from
petitioners were assigned to other subsidiaries of Procter & sources within the Philippines: Provided, That a seaman
Gamble outside of the Philippines, during which time who is a citizen of the Philippines and who receives