X, a non-resident citizen arrives in the Philippines on July 31, 2022 to reside here permanently after many years of living abroad. He had the following data in 2022: Gross income, foreign sources, January 1 to July 31, P500,000 Gross income, Philippine sources, August 1 to December 31, P300,000 Gross income, foreign sources, August 1 to December 31, P200,000 How much of his gross income is subject to Philippine Income Tax?

X, a non-resident citizen arrives in the Philippines on July 31, 2022 to reside here permanently after many years of living abroad. He had the following data in 2022: Gross income, foreign sources, January 1 to July 31, P500,000 Gross income, Philippine sources, August 1 to December 31, P300,000 Gross income, foreign sources, August 1 to December 31, P200,000 How much of his gross income is subject to Philippine Income Tax?

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter11: Individuals As Employees And Proprietors

Section: Chapter Questions

Problem 24P

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