Miguel Ortiz, is a resident Citizen, who earns income from within and without the Philippines, during the taxable year, he had the following information

Income – Philippines		₱938,495.00
Income – Japan	(Exchange is ¥1 is ₱0.50)	¥883,284.00
Income - Korea	(Exchange is ₩1,000 is ₱50.00)	₩105,183,500.00
Income – Saudi Arabia	(Exchange is SAR1 is ₱12.80)	SAR293,050.00
Philippine Taxes Paid		₱348,390.00
Japan Taxes Paid		¥92,092.00
Korea Taxes Paid		₱247,231.00

Saudi Arabia Taxes Paid

SAR

How much is his income tax payable?

Answer rating: 100% (QA)

Country Amount Amount in terms of Tax Paid Tax in terms of Philippin... View the full answer