Jacques is an alien assigned in the Philippines to manage the regional area headquarters of Deli France, a multinational company. Jacques sold his condo unit where he is residing at P5Million. A. Sale is not taxable B. Sale is taxable at 15% on the gains C. Sale is subject to the 6% capital gains tax D. Sale is taxable at 5% - 32% on the gains

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Jacques is an alien assigned in the Philippines to manage the regional area headquarters of Deli France, a multinational company. Jacques sold his condo unit where he is residing at P5Million.

A. Sale is not taxable

B. Sale is taxable at 15% on the gains

C. Sale is subject to the 6% capital gains tax

D. Sale is taxable at 5% - 32% on the gains

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