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How much is the Philippine estate tax

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Reference no: EM132885792

Question - The decedent was a citizen and resident of the Philippines, single, with the following data on this estate:

Properties of P7, 000, 000 in the Philippines and P4, 000, 000 in Foreign Country A;

All deductions from the Philippines gross estate of P2, 000, 000 and from the Country a gross estate of P3, 000, 000.

There was a payment of P120, 000 of the estate tax of foreign Country A.

Required - How much is the Philippine estate tax due after credit for the foreign estate tax paid?

Reference no: EM132885792

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