1. The taxpayer is a resident citizen. Data regarding the sale: Selling Price at prevailing market value on a direct to buyer of shares of stock of a domestic corporation P600,000; Cost of the shares sold P650,000. Compute the capital gains tax.

2. A taxpayer received in 2021 the following passive income within the Philippines: Interest on bank deposit under FCDU P212,500; Royalty on books P84,500; Dividend income from a domestic corporation P144,500. If the taxpayer is a resident citizen, the final tax on the above passive income is?

3. A resident citizen taxpayer sold a vacant lot in the Philippines. Data regarding the sale: Selling Price P2,500,000; Zonal Value P2,200,000. Compute the capital gains tax.

Answer rating: 100% (QA)

1 Answer Calculation of Capital gain tax Selling price P600000 Less Cost of share sold P650000 Capital loss P50000 Therefore the taxpayer was not subj... View the full answer