X has 4,000 shares of investments in common shares of Luxury Travel Inc. costing P500,000. During the current taxable year it received from Luxury Travel Inc., 200 shares of Concierge Travel Inc. with a par value of P100 as dividends. At the date of dividend declaration, the fair market value of Concierge Travel Inc. was P120.00 per share and by the time he received a dividend, the fair market value was P180.00/share If X is a non-resident foreign domestic corporation the dividend is?