Lebron James received royalty fee from Viva Records Corporation, a domestic corporation, for his musical composition under the album “Whatever it takes”. James is an American composer and has never set foot in the Philippines. The royalty fee shall be subject to: 15% FWT 20% FWT 5-32% graduated tax rate 25% FWT

Lebron James received royalty fee from Viva Records Corporation, a domestic corporation, for his musical composition under the album “Whatever it takes”. James is an American composer and has never set foot in the Philippines. The royalty fee shall be subject to: 15% FWT 20% FWT 5-32% graduated tax rate 25% FWT

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter16: Multijurisdictional Taxation

Section: Chapter Questions

Problem 17P

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