The following data were provided by Singapore airlines, an international carrier doing business in the Philippines:...

 

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The following data were provided by Singapore airlines, an international carrier doing business in the Philippines: Gross ticket sales in Philippines (Manila-Singapore flight) P15,000,000 Gross ticket sales in Singapore (Singapore-Manila flight) 10,000,000 Gross ticket sales in Philippines (Singapore-Manila flight) 5,000,000 Gross ticket sales in Singapore (Manila-Singapore flight) 2,000,000 Gross ticket sales in Singapore (Manila-New zealand flight) with transshipment in Melbourne, Australia 6,000,000 Manila to Melbourne - 2 hrs. Melbourne to New zealand - 4 hrs. Operating expenses, Philippines 12,000,000 How much is the income tax due of the international carrier, assuming the transshipment was accommodated by the same airline company? O P575,000 O P475,000 O P275,000 O P175,000 The following data were provided by Singapore airlines, an international carrier doing business in the Philippines: Gross ticket sales in Philippines (Manila-Singapore flight) P15,000,000 Gross ticket sales in Singapore (Singapore-Manila flight) 10,000,000 Gross ticket sales in Philippines (Singapore-Manila flight) 5,000,000 Gross ticket sales in Singapore (Manila-Singapore flight) 2,000,000 Gross ticket sales in Singapore (Manila-New zealand flight) with transshipment in Melbourne, Australia 6,000,000 Manila to Melbourne - 2 hrs. Melbourne to New zealand - 4 hrs. Operating expenses, Philippines 12,000,000 How much is the income tax due of the international carrier, assuming the transshipment was accommodated by the same airline company? O P575,000 O P475,000 O P275,000 O P175,000

Answer rating: 100% (QA)

P575000 Income tax for international air carriers shal... View the full answer