- Resident citizen taxable all over. Take note of the exemption to sea farers in section 23.

- Issue here is taxability of a Filipino who has dual citizenship. To whom shall the guy pay?
- Mentioned issue of tax exemption at Php 250,000. But this must be gained somewhere of
course by the government.
- Minimum wage earners had it worst. Even though they pay no taxes in 2017, the increase in
goods already placed a bigger toll on them due to Train.
- Train 2 supposed to lessen corporate income tax from 30 to 25 per cent.
- Pure compensation income earner, professional and mixed
- Pure compensation income earner no deductibles here. If you are a professional earner, i.e. one
practicing a profession, you are supposed to rely on sales/sales of service
- CWT (Creditable Withholding Tax) is not a final tax, but an advance payment.
- Take note of CWT v. CGT
- BOAC 1987 case
- 20 per cent final tax strictly on bank deposits only
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