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The taxpayer had the following data at the end of the current year: Philippines South Korea Gross profit from sales P3,000,000 P10,000,000 Interest from FC
The taxpayer had the following data at the end of the current year:
Philippines | South Korea | |
Gross profit from sales | P3,000,000 | P10,000,000 |
Interest from FC bank deposit | 20,000 | 40,000 |
Royalties from patents | 60,000 | 100,000 |
Dividends from domestic corporation | 50,000 | 0 |
Prizes | 12,000 | 0 |
Operating expenses | 2,000,000 | 5,000,000 |
Assuming that the taxpayer is a non-resident citizen, the total amount of final taxes would be:
P23,400
P48,400
P13,400
P19,400
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