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REPUBLIC ACT NO. 8424, SECTION 3 THE NATIONAL INTERNAL REVENUE CODE OF 1997 ![]() | CODE SECTION 23 |
"CHAPTER II - GENERAL PRINCIPLES
"SECTION 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 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.