Sample Problem no.

Dark Desire Corporation, a MSME, reported the following gross income and expenses in 2022:

Philippines Abroad Total

Gross Income 400,000 300,000 700,000
Expenses:
Direct expenses 200,000 150,000 350,000
Common expenses 180,000
Surplus 170,000

Compute the tax due if the corporation is a/an:

1. Domestic Corporation 170,000

x 20%
34,000

2. Resident Corporation 400,000

(200,000)
(102,857) [180,000 x 400/700]
97,143
x 25%
24,286

400/700 = 0.57142857142 x 180,000 = 102,857

400,000 - 200,000 = 200,000
200,000 - 102,857 = 97,143

3. Non-resident foreign Corporation 400,000

x 25%
100,000

4. GOCC 170,000
x 25%
42,500
Sample Problem no. 2

Sad Notion Corporation, a MSME, reported the following gross income and expenses in 2022:

Philippines Abroad Total

Gross Income 5,400,000 3,200,000 8,600,000
Expenses:
Direct expenses 1,200,000 1,150,000 2,350,000
Common expenses 680,000
Surplus 5,570,000

Compute the tax due if the corporation is a/an:

1. Domestic Corporation 5,570,000

x 25%
1,392,500

2. Resident Corporation 5,400,000

(1,200,000)
(426,976) [ 680,000 x 5,400/8,600]
3,773,024
x 25%
943,256

3. Non-resident foreign Corporation 5,400,000

x 25%
1,350,000

4. GOCC 5,570,000
x 25%
1,392,500