True/False -

A non-resident citizen is a citizen of the Philippines who establishes to the satisfaction of the President the fact of his/her physical presence abroad with definite intention to reside therein. Interest earned by a resident citizen from a personal loan granted to a friend is subject to a final tax of 20%. An individual with both income from business and practice of profession is a mixed income earner. Dividends received by a resident alien from a foreign corporation are subject to 10% final tax. The 8% income tax is in lieu of the income tax using graduated rates and the 12% VAT." In fringe benefit tax, it is the responsibility of the employee to withhold the tax from the earned fringe benefit and to remit the same to the BIR. De minimis benefits received by managerial, supervisory and rank-and-file employees are exempted from fringe benefit tax and ordinary income tax. If the managerial or supervisory employee is a non-resident alien not engaged in trade or business, the fringe benefit tax rate is 35%. A non-resident citizen is a citizen of the Philippines who establishes to the satisfaction of the President the fact of his/her physical presence abroad with definite intention to reside therein. Interest earned by a resident citizen from a personal loan granted to a friend is subject to a final tax of 20%. An individual with both income from business and practice of profession is a mixed income earner. Dividends received by a resident alien from a foreign corporation are subject to 10% final tax. The 8% income tax is in lieu of the income tax using graduated rates and the 12% VAT." In fringe benefit tax, it is the responsibility of the employee to withhold the tax from the earned fringe benefit and to remit the same to the BIR. De minimis benefits received by managerial, supervisory and rank-and-file employees are exempted from fringe benefit tax and ordinary income tax. If the managerial or supervisory employee is a non-resident alien not engaged in trade or business, the fringe benefit tax rate is 35%