Mr. Jin, a non-resident alien stockholder, received a dividend income from a resident foreign corporation amounting to P 600,000 in the year of 2018. The gross income of the foreign corporation from within and without the Philippines for three years preceding 2018 are as follows: sources of income 2015 2016 2017 Philippines 16,000,000 12,000,000 14,000,000 Outside the Philippines 20,000,000 14,000,000 16,000,000 How much of the dividend income received by Mr. Jin shall be reported as part of income within the Philippines?

Mr. Jin, a non-resident alien stockholder, received a dividend income from a resident foreign corporation amounting to P 600,000 in the year of 2018. The gross income of the foreign corporation from within and without the Philippines for three years preceding 2018 are as follows: sources of income 2015 2016 2017 Philippines 16,000,000 12,000,000 14,000,000 Outside the Philippines 20,000,000 14,000,000 16,000,000 How much of the dividend income received by Mr. Jin shall be reported as part of income within the Philippines?

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter9: Taxation Of International Transactions

Section: Chapter Questions

Problem 12CE

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