S.h.o.r.t. .u.n.d.e.r.s.t.a.n.d.i.n.g. .o.n. .t.h.e. .f.o.l.l.o.w.i.n.g. .t.o.p.i.c.s. .P.r.i.n.c.i.p.l.e.s. .o.f. .T.a.x.a.t.i.o.n. .P.h.i.l.i.p.p.i.n.e. .I.n.c.o.m.e. .T.a.x.a.t.i.o.n. .G.r.o.s.s .I.n.c.o.m.e.

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S.h.o.r.t. .u.n.d.e.r.s.t.a.n.d.i.n.g. .o.n. .t.h.e. .f.o.l.l.o.w.i.n.g. .t.o.p.i.c.s.

  1. .P.r.i.n.c.i.p.l.e.s. .o.f. .T.a.x.a.t.i.o.n.
  2. .P.h.i.l.i.p.p.i.n.e. .I.n.c.o.m.e. .T.a.x.a.t.i.o.n.
  3. .G.r.o.s.s .I.n.c.o.m.e.

.N.o.t.e.:. .P.h.i.l.i.p.p.i.n.e. .b.a.s.e.d. .I.n.c.o.m.e. .T.a.x.a.t.i.o.n

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