ENKANTADYA Corporation furnished you its financial data for 2018 as follows: Gross income, Philippines - P 800,500 Expenses, Philippines - 450,000 Gross income Singapore - 700,000 Expenses, Singapore...


ENKANTADYA Corporation furnished you its financial data for 2018 as follows:


Gross income, Philippines - P 800,500
Expenses, Philippines - 450,000
Gross income Singapore - 700,000
Expenses, Singapore - 400,000
Personal expenses - 150,000
Interest from time deposits, BPI, Philippines - 20,000

Interest on money market placement, net of tax - 22,000


What is the amount of income tax due and payable assuming the company is a Resident Foreign Corporation (RFC)?



Jun 01, 2022
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