What the allowable amount of tax credit for estate tax paid

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Reference no: EM132884857

Problem - You are given the following information about the estate of a resident citizen decedent:

Bolivia -Net Estate of Php 100,000 and estate tax paid of 1,500 Php Vietnam-Net Estate of Php200,000 and estate tax paid of 1,800 Php Philippines-Net Estate of Php 1,500,000

Required - What the allowable amount of tax credit for estate tax paid in foreign countries amount?

Reference no: EM132884857

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