Mr. Ramos, a non-resident citizen, sold shares of stocks of a domestic corporation directly to a buyer at a net gain of P320,000. Compute the capital gains tax.

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter15: Choice Of Business Entity—other Considerations
Section: Chapter Questions
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Mr. Ramos, a non-resident citizen, sold shares of stocks of a domestic corporation directly to a buyer at a net gain of P320,000. Compute the capital gains tax.

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