s Mr. Jones a taxpayer in the Philippines? What is his category? b. If Mr. Jones is indeed a taxpayer in the Philippines, is his business income in Australia also taxable here in the Philippines?
s Mr. Jones a taxpayer in the Philippines? What is his category? b. If Mr. Jones is indeed a taxpayer in the Philippines, is his business income in Australia also taxable here in the Philippines?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Read the following selection and answer the questions that follow.
Mr. Thomas Jones is originally from Australia but owns a computer hardware store here in the Philippines where he resides. He occasionally goes back to his country as he also owns a business there. He does not have Filipino citizenship as he has no Filipino wife nor did he apply to be one.
a. Is Mr. Jones a taxpayer in the Philippines? What is his category?
b. If Mr. Jones is indeed a taxpayer in the Philippines, is his business income in Australia also taxable here in the Philippines?
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