A domestic corpo P6,000,000 Gross profit from sales Dividend from domestic corporation Capital gain on land in the Philippines held for two months (Sold at P1.5M) Capital gain on share of closely held domestic corporation held for 2 months Business expenses Capital loss on sale of bonds of domestic corporation held for 6 months 50,000 500,000 180,000 3,400,000 60,000 Required: Determine the total capital gains tax
A domestic corpo P6,000,000 Gross profit from sales Dividend from domestic corporation Capital gain on land in the Philippines held for two months (Sold at P1.5M) Capital gain on share of closely held domestic corporation held for 2 months Business expenses Capital loss on sale of bonds of domestic corporation held for 6 months 50,000 500,000 180,000 3,400,000 60,000 Required: Determine the total capital gains tax
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter16: Multijurisdictional Taxation
Section: Chapter Questions
Problem 15P
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