Find how much final tax will be withheld from the dividend

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Problem 1: Zamboanga Corporation, a resident corporation, is a venturer in Southern Philippine Ventures (SPV), an incorporated joint venture formed under Philippine laws. Zamboanga owns 30% interest in SPV. During 2014, SPV reported P3,000,000 profit and declared P1,000,000 in dividends. How much final tax will be withheld from the dividend distribution to Zamboanga Corporation?

a. P 100, 000

b. P 30, 000

c. P 90, 000

d. P 0

Reference no: EM132717273

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