Situs of Income Taxation

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1. Under NIRC Section 42, where is compensation for personal services performed entirely in the Philippines sourced? Multiple Choice Easy
2. Under Section 42, gains from selling real property located in the Philippines are sourced where? Multiple Choice Easy
3. Section 42(E) treats gains from selling shares of a domestic corporation as sourced where? Multiple Choice Easy
4. An employee performs all the compensated work in Cebu but receives salary through a foreign bank. No treaty issue is pr… Multiple Choice Medium
5. A taxpayer leases a building located in Japan. Rent is paid into a Manila bank account. Apply only Section 42's source … Multiple Choice Medium
6. A nonresident sells shares issued by a domestic Philippine corporation under a contract signed abroad. Both payment and… Multiple Choice Hard
7. A resident Philippine corporation issues an interest-bearing note. A foreign holder receives its interest in an oversea… Multiple Choice Hard
8. Compare the source of compensation for services performed wholly in Manila with compensation for services performed who… Essay Medium
9. A seller disposes of Philippine land while abroad and receives the price abroad. Explain the gain's source, then explai… Essay Medium
10. Explain why the place of depositing payment cannot be used as a universal test for the source of rents, personal-servic… Essay Medium
11. Under Section42(A)(2)(a), dividends from a domestic corporation are sourced where? Multiple Choice Easy
12. For a royalty paid for the right to use a copyright wholly in the Philippines, which factor supplies the Section42(A)(4… Multiple Choice Easy