The following are the revenue items in the Income Statement of a domestic corporation for the year 2021: Interest income from bank deposit, Philippines, P40,000 Yield from deposit substitute, Philippines, P80,000 Interest income received from a depositary bank under EFCDS, Philippines, P60,000 Interest income from bank deposit, USA, P400,000 Interest on trade notes receivable, Philippines, P30,000 Advance rent for 2 years, Philippines, P600,000 Royalties, Philippines, P100,000 Royalties, USA, P300,000 Dividend received from domestic corporation, P150,000 Dividend received from a foreign corporation, P350,000 Prizes and winnings, Philippines, P400,000 Refund of Philippine value-added tax, P100,000 How much is the total final withholding taxes on passive income?
The following are the revenue items in the Income Statement of a domestic corporation for the year 2021:
Interest income from bank deposit, Philippines, P40,000
Yield from deposit substitute, Philippines, P80,000
Interest income received from a depositary bank under EFCDS, Philippines, P60,000
Interest income from bank deposit, USA, P400,000
Interest on trade notes receivable, Philippines, P30,000
Advance rent for 2 years, Philippines, P600,000
Royalties, Philippines, P100,000
Royalties, USA, P300,000
Dividend received from domestic corporation, P150,000
Dividend received from a foreign corporation, P350,000
Prizes and winnings, Philippines, P400,000
Refund of Philippine value-added tax, P100,000
How much is the total final withholding taxes on passive income?
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