Indiv Table.pdf

INDIVIDUAL CITIZEN

RC Filipino citizen residing in PH

ALIEN

NRC

RA

Ph citizen who convinced commissioner his physical Lives in Ph but no definite intention as to his stay presence abroad with definite intention to reside there

Ph citizen who leaves ph during taxable yr to reside abroad (either as immigrant or for an employment on

permanent basis)

Who comes to PH for definite purpose with its nature requiring an extended stay making PH his temporary home, although it may be his intention to return abroad at all times

Ph citizen working and derives income from abroad and whose employment requires him to be physically present abroad most of the time during the taxable yr

Citizen previously considered as NRC who arrives in Ph anytime during the taxable yr to reside permanently in PH. He is NRC in the taxable yr when he arrived only to his income derived abroad stayed abroad at least 183 days

stayed for more than 1 year as of the end of the taxable yr

TAXABLE ESTATES AND TRUSTS

NRA EB

ESTATE NEB

more than 180 days during the yr BUT not more than not more than 180 days during the yr 1 yr

has definite purpose which can be accomplished immediately (eg contract)

TRUST

arrangement where one person (grantor/ trustor ) transfers/donates property to another person (beneficiary ) which will be held under the management properties, rights and obligations (not extinguished by of a third party (trustee/fiduciary ) death) left behind of a deceased person The TRUST is the property if under judicial settlement : treated as individual taxpayers (estate is taxable on the income of properties left by the decendent)

if designation of trust is irrevocable by grantor : like judicial settlement; trust becomes the taxp (as if indiv taxp). The income held in trust is taxable to the trust

if under extrajudicial settlement : EXEMPT. Estate if designation of trust is revocable: not income is taxable to the heir. Heir is the taxp not the taxable entities, trust not considered indiv taxp. The estate income of trust is taxable to grantor not to trust if silent: REVOCABLE