Question 2: How Much is the taxable income and the amount of

income tax due if the taxpayer is a non-resident citizen?

Question 2: How Much is the taxable income and the amount of
income tax due if the taxpayer is a non-resident citizen?

Gross Business Income, Philippines P 5,000,000

Business Expenses, Philippines (3,000,000)

Taxable Income P 2,000,000

Income Tax Due P 490,000

2. Rate of Tax on Certain Passive Income

Interests, Royalties, Prizes, and Other Winnings.

Tax Rate

In General 20%

Literary Works 10% *winning amounting to Ten

thousand pesos (P10,000)
Interest Income Long 15% or less from Philippine
Term Investment Charity Sweepstakes and
Lotto shall be exempt