Active vs. Passive Income

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1. What is the Section 24(B)(1) treatment of covered Philippine Charity Sweepstakes or Lotto winnings of P10,000 or less? Multiple Choice Easy
2. A resident citizen receives a covered Philippine-source ordinary prize of P12,000 in 2026. No special exemption applies… Multiple Choice Medium
3. A resident citizen receives P40,000 covered domestic-corporation cash dividends and also earns active repair-business i… Multiple Choice Medium
4. A qualifying financial instrument was issued before July 1,2025 with a lawful preferential tax rate. The original agree… Multiple Choice Hard
5. A taxpayer labels consideration for a stipulated actively conducted licensing business a royalty and claims the passive… Multiple Choice Hard
6. Compare the current treatment of an ordinary prize of P10,000, an ordinary prize of P12,000 and PCSO winnings of P10,00… Essay Hard
7. A 2026 bank payment relates to a qualifying instrument issued before July 1,2025. Explain why the issue date and remain… Essay Hard
8. A repair entrepreneur also receives domestic dividends and actively earns licensing income. Explain why business owners… Essay Hard