jar Exam Coach Online 2015 Bar Questions in CIVIL LAW Mr. A, a citizen and resident of the Philippines, is a professional boxer. 11 professional boxing match held in 2013, he won prize money in United Mates (US) dollars equivalent to P300,000,000. a) Is the prize money paid to and received by Mr. A in the US taxable in the Philippines? Why? (2%) b) May Mr. A's prize money qualify as an exclusion from his gross income? Why? (2%) ©) The US already imposed and withheld income taxes from Mr. As prize money. How may Mr. A use or apply the income taxes he paid on his prize money to the US when he computes his income tax lability in the Philippines for 2013? (4%) Bar Exam Coach Online Bar Questions in TAXATION Ms. C, a resident citizen, bought ready-to-wear goods from Ms. B, a nonresident citizen 4) If the goods were produced from Ms. B's factory in the Philippines, is Ms. B's income from the sale to Ms. C taxable in the Philippines? Explain. (2%) b) If Ms. B i an alien individual and the goods were produced in her factory in China, is Ms. B's income from the sale of the goods to Ms. C taxable in the Philippines? Explain. (2%) Bar Exam Coach Online 2015 Bar Questions in CIVIL LAY Vi Differentiate between double taxation in the stict sense and in a broad sense and give an example of each. (4%) she Le WE Conment > Share ox ‘eo Comment oes alan othe Phtpies sun 32 sitet eS anal ander Mea tase posers Ts Case caning na asad he pros t Acve Ircome hate targets st Hee, testa undr hence Law Le: Real 4: Nera 7, 20 : ‘Yes Demy Aes tae. at | Beers teri aera sd Lko Common stare oO Top Comments 1m cna ots res oun seston 4210 flemnine wane name seme ha or tuts te pilpines incase osale lok at blac arse ogarde oestenhi ot analy fear, Lite Rep Nowmer2 Donn Rood Teora JA Tans res provide ‘atne name ea czen oe Pipes, 90, lls someon ynstahe sistas Ge lnabe min or wiht the Phiten (Se. 22 RC) 8 Soden 20a HRC pods,“ an BM txaicn shen atepee sted atesttice byte same suai n he same usin ot Ine same pase one same tang enon Suchis ohn is uredcton oils ‘onsiuton provisions ofeavalotecfn and Tattaraton musta equals Ingrato doula txcon nts roadcancelothe rescence ttn or more othe ave erumeraed burdens taxing a awe ce ‘angi otunconstonl ais a prasice alls