Prizes arising from sources within the Philippines may be
A. Subject to final tax
B. Subject to regular tax
C. Exempt from tax
D. Exempt or subject to final tax or regular tax
Answer: D. Exempt or subject to final tax or regular tax
Prizes arising from sources within the Philippines may be
A. Subject to final tax
B. Subject to regular tax
C. Exempt from tax
D. Exempt or subject to final tax or regular tax
Answer: D. Exempt or subject to final tax or regular tax