citizens of the Philippines at the time of the adoption of the February 2, 1987 Constitution
fates or mothers are citizens of the Philippines
born before January 17, 1972, the date of the adoption of the 1973 Constitution, of Filipino mothers, who elect Philippine citizenship upon reaching the age of majority
naturalized in accordance with law
Non-Resident Citizen:
A citizen of the Philippines with physical presence abroad with a definite intention to reside
A citizen of the Philippines who leaves the Philippines during the taxable year to reside abroad
A citizen of the Philippines who works and derives income from abroad and whose employment thereat requires him to be physically present abroad most of the time (183 days) during the taxable year
A citizen who has been previously considered as non-resident citizen and who arrives in the Philippines at any time during the taxable year
The taxpayer shall submit proof to the _______ to show his intention of leaving the Philippines to reside permanently abroad or return to and reside in the Philippines, as the case may be.
Commissioner
An individual whose residence is within the Philippines and who is not a citizen thereof. He is one who is actually present in the Philippines and who is not a mere transient or sojourner.
Resident Alien
An individual whose residence is not within the Philippines and who is not a citizen thereof.
Non-resident Alien (NRA)
Alien is carrying on a business in the Philippines.
Non-resident Alien engaged in trade or business (NRA-ETB)
An alien who stayed in the Philippines 180 days or less
Non-resident Alien not doing business in the Philippines (NRA-NETB)
Arbitrary amounts allowed as deductions from gross income of the individual taxpayer from compensation, business (self-employment) or practice of profession.
Personal Exemptions
Kinds of Personal Exemptions:
Basic personal exemption
Additional exemption
This exemption is further allowed to the taxpayer by reason of his qualified dependent children.
Additional exemption
_________, which amended Republic Act 8424 (NIRC) was signed into law on June 17, 2008. The law allows for a basic personal exemption of FIFTY THOUSAND PESOS (P50,000) for each individual taxpayer regardless of status.
Republic Act 9504
(T/F) In the case of married individuals where only one of the spouses is deriving gross income, only such spouse shall be allowed the personal exemption.
True
TWENTY-FIVE THOUSAND PESOS (P25,000) shall be allowed an additional exemption for each dependent child not exceeding ___ children. The additional exemption for dependents shall be claimed by only one of the spouses in the case of married individuals.
4
A ______ means a legitimate, illegitimate or legally adopted child chiefly dependent upon and living with the taxpayer if such dependent is not more than 21 years of age, unmarried and not gainfully employed or if such dependent, regardless of age, is incapable of self-support because of meant or physical defect.
dependent
The ______ shall be deemed the proper claimant of the additional exemption unless he waives his right in favor of his spouse. But if the spouse of the employee is unemployed or is a non-resident citizen deriving income from foreign sources, the employed spouse within the Philippines shall be automatically entitled to claim the additional exemptions.
husband
In the case of ___________, additional exemptions may be claimed only by the spouse who has custody of the child or children.
legally separated spouses
In the case of ________ where only one of the spouses is deriving gross income, only such spouse shall be allowed the basic and additional exemptions.
married individuals
Rules on Change of Status
If the employee have additional dependents during the taxable year
If the taxpayer dies during the taxable year
If the spouse dies or any of the dependent dies or if any such dependent marries, becomes twenty-one years of age, or gets gainfully employed during the taxable year
The pertinent items of gross income less the deductions and/or personal and additional exemptions, if any, authorized for such types of income, by the Tax Code or other special laws.
Taxable Income
The compensation income arrived at after subtracting from gross compensation income derived by resident citizens or resident aliens, basic personal and additional exemptions.
Net Compensation Income
Derived by aliens including Filipinos employed by regional and area headquarters and regional operating headquarters of multinational companies, by offshore banking units, or by foreign petroleum service contractors and subcontractors.
Gross compensation income
Author
FelipeJung
ID
338446
Card Set
Personal and Additional Exemptions Computation of Individual Income Tax
