Ateneo de Zamboanga University

School of Management and Accountancy

AccTax3 – Strategic Tax Management

Ar-Rashid J. Taradji, CPA, JD

NOTE: Each practice exercise is equivalent to one (1) recitation grade.

Practice Exercise No. 10

Documentary Stamp Tax (DST)

Ariana Grande, Inc., a newly formed domestic corporation, issued on March 8,

2021 shares of stocks to one of its incorporators, Ms. Selena Gomez, for P250,000.
The par value of the shares issued is P200,000.

a. How much is the documentary stamp tax due?

b. How much is the documentary stamp tax due assuming the shares are
without par value?
c. If the shares (with par value) were subsequently sold by Ms. Selena Gomez
for P400,000, how much is the documentary stamp tax due?
d. If the shares (without par value) were subsequently sold by Ms. Selena
Gomez for P400,000, how much is the documentary stamp tax due?

Practice Exercise No. 11

Community Tax

Alfred is a night club entertainer at Happy Ending, Inc. For the taxable year 2022,
he had total gross receipts of P690,000. As a responsible citizen of the Philippines,
he wants to comply with his obligation to pay the annual community tax. Having
known that you have extensive knowledge on taxation law, Alfred approached you
for consultation. Compute for Alfred’s community tax for 2022.

Practice Exercise No. 12

Real Property Tax (RPT)

Macy’s residential land is located in Zamboanga City measuring 500sqm with the
following additional information:
 Fair Market Value in the Tax Declaration – P10,000/sqm
 Zonal Value – P8,000/sqm
 Assessment Level – 20%

a. How much is the taxable value of the land

b. How much is the basic real property tax?
c. How much is the Special Education Fund (SEF)?
d. How much is the total RPT due?
e. How much is the maximum amount of deduction from real property tax due
if the taxpayer pays in advance?