Income Taxation

5. Dividends paid out in the form of noncash asset or in kind
7. Pertinent items of gross income
8. Specified income payable at stated intervals for a fixed period
10. Income arising out of an employer-employee relationship
11. Foreign born person who is not qualified to acquire Philippine citizenship
12. Synonymous to tax avoidance
14. Tax based on a fixed percentage of the amount
15. Any goods or services benefits furnished by an employer in cash or in kind in addition to basic salaries
19. Synonymous of investment
20. Artificial being created by operation of law
21. Acronym of Tax Reform for Acceleration and Inclusion Law
22. Synonymous of wealth
23. Tax where the rate decreases as the tax base increases
26. Tax which is demanded from the person whom the law intends to pay it

1. Taxing the same subject twice
2. Total income of a taxpayer subject to tax
3. Includes payments to an employee in addition to regular compensation
4. Income such as compensation income, business income
6. Subject to final wittholding tax
9. Enforced proportional contributions from persons & property levied by the state
13. Synonymous to tax evasion
16. Imposed and collected by the government
17. Exercise of the sovereign power to raise revenues for the expense of the government
18. Dividends paid out in currency
24. Transfer of the burden of the tax by the original payer to someone else
25. Place of taxation