Practice question
A nonresident Filipino citizen earns stipulated foreign-source professional income and separate stipulated Philippine-source rent. No special Code rule changes the general source coverage. Which is within that coverage?
- Both items because all citizens always have worldwide coverage
- Neither item because residence abroad exempts everything
- Only the Philippine-source rent
- Only the foreign-source fees
- Only whichever item is paid in pesos
Legal references
- NIRC Sections 4,22,23 and244: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/3896
- RA12066, CREATE MORE Act: https://lawphil.net/statutes/repacts/ra2024/ra_12066_2024.html
- RA12214, Capital Markets Efficiency Promotion Act: https://lawphil.net/statutes/repacts/ra2025/ra_12214_2025.html
Answer this question in flashcards to review your response and continue practicing.