In December 2027. Taguan Bank reported a net income of P900,000, net of trading loss of P50,000.
Fantastic news! We've Found the answer you've been seeking!
Question:
In December 2027. Taguan Bank reported a net income of P900,000, net of trading loss of P50,000. In January 2028, Taguan reported the following gross receipts:
Interest income with a maturity of fewer than 5 years P 600,000
Royalty income 300,000
Gain from the sale of derivatives 200,000.
Required
How much is the gross receipts tax on the collections of Taguan for January 2028?
Expert Answer:
Related Book For 
Posted Date:
