CHAPTER II
General Principles
SECTION 23. General Principles of Income Taxation in the Philippines. –Except when otherwise provided in this Code:
(A) A citizen of the Philippines residing therein is taxable on all income derived from sources within and without the Philippines;
(B) A nonresident citizen is taxable only on income derived from sources within the Philippines;
(C) An individual citizen of the Philippines who is working and deriving income from abroad as an overseas contract worker is taxable only on income from sources within the Philippines: Provided, That a seaman who is a citizen of the Philippines and who receives compensation for services rendered abroad as a member of the complement of a vessel engaged exclusively in international trade shall be treated as an overseas contract worker;
(D) An alien individual, whether a resident or not of the Philippines, is taxable only on income derived from sources within the Philippines;
(E) A domestic corporation is taxable on all income derived from sources within and without the Philippines; and
(F) A foreign corporation, whether engaged or not in trade or business in the Philippines, is taxable only on income derived from sources within the Philippines.
(Manual encoding credits: Jacky Margaret Adriano)
Revenue Memorandum Circular No. 062- 2026
Revenue Memorandum Circular No. 060-2026
Revenue Memorandum Circular No. 059- 2026
Revenue Memorandum Circular No. 055-2026
Revenue Memorandum Circular No. 054-2026
Revenue Memorandum Circular No. 053-2026
Revenue Memorandum Circular No. 047 – 2026
Live Webinar: Value Added Tax: In and Out
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Live Webinar: Returns and Reports Preparation under eBIR Forms and Online Submissions
Live Webinar: PEZA Registered Entities: Taxation and Basic Reports
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Live Webinar on Ph Payroll Computations and Taxation
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