(A) The term "person" means an individual, a trust, estate or corporation.
(B) The term "corporation" shall include partnerships, no matter how created or organized, joint-stock companies, joint accounts (cuentas en participacion), association, or insurance companies, but does not include general professional partnerships and a joint venture or consortium formed for the purpose of undertaking construction projects or engaging in petroleum, coal, geothermal and other energy operations pursuant to an operating consortium agreement under a service contract with the Government. "General professional partnerships" are partnerships formed by persons for the sole purpose of exercising their common profession, no part of the income of which is derived from engaging in any trade or business.
(C) The term "domestic", when applied to a corporation, means created or organized in the Philippines or under its laws.
(D) The term "foreign", when applied to a corporation, means a corporation which is not domestic.
(E) The term "nonresident citizen" means:
(O) The terms "including" and "includes", when used in a definition contained in this Title, shall not be deemed to exclude other things otherwise within the meaning of the term defined.
|
|
|
|
|
|