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RESIDENT ALIEN
ABITAN, ALEXANDRA
CABRAL, HANNAH BEATRIZ
PEREZ, MARIA HANNAH
MARK GONZALES, A CITIZEN OF
NETHERLANDS AND AN ENGINEER, HAD
THE FOLLOWING INCOME AND EXPENSES
FOR THE YEAR OF 2016:
From Philippine Sources: From Foreign Sources:
(Peso Value) (Pero Value)
Compensation Income 120, 000.00
Business Income 480, 000.00 60, 000.00
Income from profession 600, 000.00
Dividends from domestic 50,000.00
corporation
Royalties 330, 000.00
Rent Income - 800,000.00
Apartment in US
Interest on time deposits 90, 000.00
(2 years)
Raffle prize 30, 000.00
Business expenses 550, 000.00 24, 000.00
Engr. Gonzales sold a house and lot in Lipa
City at a selling price of P 1, 500, 000.00 with
a fair market value of P2, 000, 000. 00 and a
cost of 900,000.
ENGR. GONZALES IS MARRIED WITH VICTORIA
AND HAVE THE FOLLOWING DEPENDENTS:
TAX DUE
(SEC. 24, (A) (2))
P125,000+32% of the excess over P500,000.
PASSIVE INCOME:
Capital gains tax on sale of house and lot
6% multiply to P 2, 000, 000.000
(SEC. 24, (D) (1)) P 120, 000. 00
Royalties
(SEC. 24, (B) (1))
20% multiply to P 330, 000.00 P 66, 000. 00
Interest on time deposit
(SEC. 24, (B) (1))
20% multiply to P90, 000.00 P 18, 000.00
Dividend Income
(SEC. 24, (B) (2))
10% multiply to P50, 000.00 P 5, 000. 00
______________________________________________________
TOTAL FINAL TAX P 209, 000.00
IF ENGR. GONZALES IS ENGAGED IN TRADE
OR BUSINESS IN THE PHILIPPINES:
Net Income
from the Philippines P680,000
LESS: Personal and Additional Exemption P150,000
_______________________________________________________
TAXABLE INCOME: P530,000
TAX DUE
(SEC. 24, (A) (2))
P125,000+32% of the excess over P500,000.
IF ENGR. GONZALES IS NOT ENGAGED IN
TRADE OR BUSINESS IN THE PHILIPPINES: