1. Ms. Nitz, a non-resident alien not engaged in trade or business, owns 1,000,000 shares in PLDT, Inc. In 2020, PLDT declared 20% stock dividends, during which the fair market value of the shares is P1/share. How much is the final tax on the dividends?

2. Because of the current pandemic, ASDF, Inc. purchased cars in the name of its employees. Mr. AS, the branch manager received a car with an acquisition cost of P2,000,000 while Ms. DF, a rank and file employee, received a car with an acquisition cost of P500,000. Compute the total fringe benefits tax based on the given data?

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1 A nonresident generally invests in India either directly as private equity investors or as Foreign ... View the full answer