Question: In the philippines, Which statement is correct regarding final income tax? Items of income subjected to final tax can still be subjected to regular tax.

In the philippines, Which statement is correct regarding final income tax?

  • Items of income subjected to final tax can still be subjected to regular tax.
  • Final income tax applies to all passive income from Philippines sources
  • Items of income exempt from final tax are subject to regular tax
  • Final tax applies only on certain passive income earned within the Philippines.

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