Qalvin Corporation, a large corporation, reported the following in 2023: in 2022: Related Unrelated Total Gross income P300,000 P200,000 P500,000 Deductions 100,000 100,000 200,000 Taxable income P200,000 P100,000 P300,000 Compute the income tax due if Qalvin is exempt non-profit corporation Qalvin Corporation, a MSME, reported the following gross income and expenses in 2022: Philippines Abroad Total Gross income P400,000 P300,000 P700,000 Deductions 200,000 150,000 350,000 Taxable income P200,000 P150,000 P350,000 Compute the income tax due if Qalvin is a Private Proprietary Educational Institution majority of its income is from related activities.
Qalvin Corporation, a large corporation, reported the following in 2023:
in 2022:
Related Unrelated Total
Gross income P300,000 P200,000 P500,000
Deductions 100,000 100,000 200,000
Taxable income P200,000 P100,000 P300,000
Compute the income tax due if Qalvin is exempt non-profit corporation
Qalvin Corporation, a MSME, reported the following gross income and expenses
in 2022:
Philippines Abroad Total
Gross income P400,000 P300,000 P700,000
Deductions 200,000 150,000 350,000
Taxable income P200,000 P150,000 P350,000
Compute the income tax due if Qalvin is a Private Proprietary Educational Institution majority of its income is from related activities.
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