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RESIDENT AND NON-

RESIDENT ALIEN

ABITAN, ALEXANDRA
CABRAL, HANNAH BEATRIZ
PEREZ, MARIA HANNAH
MARK GONZALES, A CITIZEN OF
NETHERLANDS AND AN ENGINEER, HAD
THE FOLLOWING INCOME AND EXPENSES
FOR THE YEAR OF 2016:
From Philippine Sources: From Foreign Sources:
(Peso Value) (Pero Value)
Compensation Income 120, 000.00
Business Income 480, 000.00 60, 000.00
Income from profession 600, 000.00
Dividends from domestic 50,000.00
corporation
Royalties 330, 000.00
Rent Income - 800,000.00
Apartment in US
Interest on time deposits 90, 000.00
(2 years)
Raffle prize 30, 000.00
Business expenses 550, 000.00 24, 000.00
Engr. Gonzales sold a house and lot in Lipa
City at a selling price of P 1, 500, 000.00 with
a fair market value of P2, 000, 000. 00 and a
cost of 900,000.
ENGR. GONZALES IS MARRIED WITH VICTORIA
AND HAVE THE FOLLOWING DEPENDENTS:

• His aged mother, Teresa, living with him and


wholly dependent on him for support;
• His 25 years old sister Joy, mentally retarded, is
likewise dependent on him for support;
• His three legitimate children:
• Dominique, 15 years old;
• Theresse, 17 years old; and
• Tom, 21 years old, unmarried and not employed;
• His illegitimate children, Justine, 21 years old,
unmarried; and Belle, 5 years old.
IF ENGR. GONZALES IS RESIDING IN
THE PHILIPPINES:

Income from WITHIN the Philippines:


SEC 24, (A), (c)
Compensation Income 120, 000.00
Business Income 480, 000.00
Income from profession 600, 000.00
Raffle prize 30, 000.00
TOTAL GROSS INCOME P 1, 230, 000.00
LESS: Expenses – Philippines P 550, 000.00
(SEC 34, (A) (1) (a))
__________________________________________________________
NET INCOME P 680, 000. 00

LESS: Personal Exemption P 50 000.00


(SEC 35, (A))
Additional Exemption
(SEC 35, (B)) P 100, 000.00
__________________________________________________________
TAXABLE INCOME P 530, 000.00

TAX DUE
(SEC. 24, (A) (2))
P125,000+32% of the excess over P500,000.
PASSIVE INCOME:
Capital gains tax on sale of house and lot
6% multiply to P 2, 000, 000.000
(SEC. 24, (D) (1)) P 120, 000. 00
Royalties
(SEC. 24, (B) (1))
20% multiply to P 330, 000.00 P 66, 000. 00
Interest on time deposit
(SEC. 24, (B) (1))
20% multiply to P90, 000.00 P 18, 000.00
Dividend Income
(SEC. 24, (B) (2))
10% multiply to P50, 000.00 P 5, 000. 00
______________________________________________________
TOTAL FINAL TAX P 209, 000.00
IF ENGR. GONZALES IS ENGAGED IN TRADE
OR BUSINESS IN THE PHILIPPINES:

SEC. 25, (A))

Net Income
from the Philippines P680,000
LESS: Personal and Additional Exemption P150,000
_______________________________________________________
TAXABLE INCOME: P530,000

TAX DUE
(SEC. 24, (A) (2))
P125,000+32% of the excess over P500,000.
IF ENGR. GONZALES IS NOT ENGAGED IN
TRADE OR BUSINESS IN THE PHILIPPINES:

(SEC. 25, (B))


Total gross income from within the Philippines P1,230,000
ADD: Passive Income
Royalties P300,000
Interest on time deposits P900,000
Dividend from domestic corporation P500,000
P170,000

Total gross income from the Philippines P1,400,000


Multiply by income tax due 25%
P350,000
ADD: Capital gains tax on sale of house and lot
P2,000,000 x 6% 120,000
TAX DUE: P470,000
• IF Engr. Gonzales is employed by regional
or area headquarters and regional
operating headquarters of multinational
companies:
(SEC. 25, C)

• IF Engr. Gonzales is employed by offshore


banking units:
(SEC. 25, D)

• IF Engr. Gonzales is employed by


petroleum service contractor and
subcontractor:
(SEC. 25, E)