A taxpayer received during the taxable year the following passive income derived from within the Philippines. Interest on bank deposit under FCDU (net), P170,000 Royalty on a software application (gross), P95,000 Dividend income from domestic corporation (gross), 150,000 If the taxpayer is a non-resident alien engaged in business, what is the amount of Final Tax from the above passive Income?

A taxpayer received during the taxable year the following passive income derived from within the Philippines. Interest on bank deposit under FCDU (net), P170,000 Royalty on a software application (gross), P95,000 Dividend income from domestic corporation (gross), 150,000 If the taxpayer is a non-resident alien engaged in business, what is the amount of Final Tax from the above passive Income?

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter16: Multijurisdictional Taxation

Section: Chapter Questions

Problem 20P

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A taxpayer received during the taxable year the following passive income derived from within the Philippines.Interest on bank deposit under FCDU (net) P 231,250Royalty on a software application (gross) 95,000Dividend income RFC (gross) 150,000If taxpayer is a non-resident alien engaged in business, the final tax on the above passive income would amount to P19,000 P 28,250 P 37,750 P 52,750
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