Practice question
Under NIRC Section 42, where is compensation for personal services performed entirely in the Philippines sourced?
- Within the Philippines
- Always in the payer's incorporation country
- Always at the employee's bank
- Always where the contract was signed
- Outside the Philippines whenever paid in dollars
Legal references
- NIRC, Section 42(A), (C) and (E); https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html
- RA 12214, Section 12 (amending Section 42(A)(1)); https://lawphil.net/statutes/repacts/ra2025/ra_12214_2025.html
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