Course This course covers updates and review of the principles and concepts of taxation and the practical

practical application of these principles and concepts. It includes the

Description National Internal Revenue Code provisions of income tax, business taxes, estate tax, donor’s tax; the Tariff and Customs Code; Local Government Code on Local
Taxes; Preferential Tax or tax exemption provisions and taxes pertaining to Senior Citizens and Person with disability, Board of Investments, PEZA, BMBE, various
Tax Treaties and other Special Laws and issuances that may be legislated In the future. It also includes computation of tax liabilities, accomplishing tax returns and
forms, availment of tax incentive benefits, submission of tax related regulatory and registration requirements, the taxpayer rights and remedies, handling disputes on
tax issues, the Implementing Rules and Regulations, circulars, rulings and other issuances pertinent to the implementation of various tax offices, taxation principles
in the decisions of the Court of Tax Appeals, Court of Appeals and Supreme Court.

A. LEARNING PLAN

COURSE INTENDED LEARNING TOPICS

TEACHING AND LEARNING
OUTCOMES (CILO) and TIME ASSESSMENT TASKS
ACTIVITIES
ALLOTMENT

1.Describe the nature, scope, classification, 1.0 PRINCIPLES OF TAXATION Lecture Discussion Assignment
and essential characteristics o Nature, scope, classification, and essential characteristics Quiz
2. Identify the principles of sound tax o Principles of sound tax system Exercises
system o Limitations on the power of taxation
3. Discuss the limitations on the power of o Tax evasion vs. tax avoidance
taxation o Situs/place of taxation
4. Differentiate tax evasion vs. tax o Double taxation
avoidance
o Legislation of tax laws
5. Determine the situs/place of taxation
o Impact of taxes in nation building
6. Explain double taxation
o Ethical tax compliance and administration
7. Discuss the legislation of tax laws o Organization of the Bureau of Internal Revenue, Bureau of
8. Apply the impact of taxes in nation Customs, Local Government Tax Collecting Units, Board of
building Investments, Philippine Economic Zone Authority
9. Evaluate ethical tax compliance and
administration
10. Describe the organization of the Bureau
of Internal Revenue, Bureau of Customs,
Local Government Tax Collecting Units,
Board of Investments, Philippine Economic
Zone Authority (3 HOURS)
1. Evaluate the remedies of the government 2.0 TAX REMEDIES Lecture Discussion Assignment
2. Apply the remedies of the taxpayer A. Remedies of the government Quiz
3. Explain the expanded jurisdiction of the o Definition, scope, prescriptive period Exercises
Court of Tax Appeals (4.5 HOURS) o Administrative remedies
o Judicial actions
o Additions to Tax (surcharge, interest, compromise penalty)
o Other sanctions (criminal penalties, closure of business, collection of
delinquent taxes)
o Powers of the Bureau of Internal Revenue

B. Remedies of the taxpayer

o Definition, scope, prescriptive period
o Taxpayers rights
o Administrative remedies (protesting of assessment, recovery of excess or
erroneously paid taxes, request for the compromise, abatement or refund
or credit of taxes, request for rulings)
o Judicial remedies
o Expanded jurisdiction of the Court of Tax Appeals
1. Identify the taxpayer and tax base 3.0 INCOME TAX Lecture Discussion Assignment
2. Compute gross income A. Taxpayer and tax base Quiz
3. Analyze the deductions from gross o Individuals Exercises
income o Corporations
4. Determine accounting periods
o Partnerships
5. Apply the accounting methods
6. Apply tax return preparation and filing o Joint ventures
and tax payments o Estates and trusts
7. Analyze withholding taxes (at source, o Co-ownerships
expanded or creditable withholding tax, final o Tax exempt individuals and organizations
withholding taxes and withholding tax on
government payments) B. Gross income
8. Determine compliance requirements o Inclusions in the gross income
(10.5 HOURS) o Exclusions/exemptions from gross income
o Income from compensation
o Income from business
o Passive income subject to final withholding tax
o Capital gains

C. Deductions from gross income

o Itemized deductions
o Items not deductible
o Optional standard deduction
o Deductions allowed under special laws

D. Accounting periods

E. Accounting methods
o Reconciliation of income under PFRS and income under Tax
Accounting

F. Tax return preparation and filing and tax payments

o Manual filing
o Electronic filing and E-submission
o Large taxpayers and non-large taxpayers
o Income tax credits
o Venue and time of filing of tax returns
o Venue and time of payment
o Modes of payment
o Use of tax tables
o Accomplishing of various income tax returns and forms

G. Withholding taxes (at source, expanded or creditable withholding tax, final

withholding taxes and withholding tax on
government payments)
o Time of withholding
o Income payments subject to withholding
o Year-end withholding of tax and requirements
o Venue and time of filing of withholding tax returns
 o Venue and time of payment
o Modes of payment
o Time of payment
o Use of tax tables and rates
o Use of various withholding tax returns and forms
H. Compliance Requirements
o Administrative requirements (registration, issuance of receipts, printing of
receipts)
o Attachments to the income tax return, including CPA certificate, per NIRC
requirement
o Keeping of books of accounts and records, including report of inventories
o Prescriptive period of maintain books of accounts and other accounting
records
MIDTERM EXAM (2 HOURS)
1. Describe, analyze and compute estate 4.0 TRANSFER TAX Lecture Discussion Assignment
tax A. Estate tax Quiz
2. Describe, analyze and compute donor’s o Gross estate Exercises
tax o Deductions allowed to estate
(6 HOURS) o Tax credit
o Venue and time of filing of tax returns
o Venue and time of payment
o Modes of payment
o Use of tax tables
o Accomplishing of tax returns and forms
o Attachments to the tax return
o Administrative requirements

B. Donor’s tax
o Gross gift
o Exemptions
o Tax rates in general and when the donee is a stranger
o Venue and time of filing of tax returns
o Venue and time of payment
o Modes of payment
o Use of tax tables
o Accomplishing of tax returns and forms
o Attachments to the tax return
 o Administrative requirements
1. Describe, analyze and compute value 5.0 VALUE ADDED TAX (VAT) AND PERCENTAGE TAX Lecture Discussion Assignment
added tax A. Value added tax Quiz
2. Describe, analyze and compute o Output VAT Exercises
percentage tax o Input VAT
(6 HOURS)
o Input VAT tax credits
o Refund of excess input VAT
o Venue and time of filing of donor’s tax returns
o Venue and time of payment
o Modes of payment
o Accomplishing of tax returns and forms
o Attachments to the tax return
o Invoicing, and Accounting requirements

B. Percentage tax
o Tax base and tax rates
o Venue and time of filing of tax returns
o Venue and time of payment
o Modes of payment
o Use of tax rates
o Accomplishing of tax returns and forms
1. Describe, analyze and compute excise 6.0 EXCISE TAX Lecture Discussion Assignment
tax A. Describe, Analyze and Compute Excise Tax Quiz
(3 HOURS) o Concept Exercises
o Applicability
o Classification of Excisable Materials and Rates
o Specific Tax
o Ad Valorem Tax
o Coverage
o Time of Payment
1. Describe, analyze and compute 7.0 DOCUMENTARY STAMP TAX Lecture Discussion Assignment
documentary stamp tax A. Describe, Analyze and Compute Documentary Stamp Tax (Limited to Quiz
(1.5 HOURS) Shares of Stocks, Sales, Debt Instruments and Deeds of Sale) Exercises
o Definition
o Coverage and Exemptions
o Tax Base Rates
o Time and Manner of Payment
1. Describe and apply the scope and 8.0 TAXATION UNDER THE LOCAL GOVERNMENT CODE Lecture Discussion Assignment
different types of local taxes (limited to Real o Scope and different types of local taxes (limited to real property tax, local Quiz
property tax, local business tax) business tax) Exercises
2. Identify the tax base and tax rates o Tax base and tax rates
3. Determine the venue and time of filing of o Venue and time of filing of tax returns
tax returns o Venue and time of payment
4. Determine the venue and time of
payment
(3 HOURS)
1. Describe, analyze and apply the Senior 9.0 PREFERENTIAL TAXATION Lecture Discussion Assignment
Citizens Law A. Senior Citizens Law Quiz
2. Describe, analyze and apply the Magna o Exemption from income tax of qualified senior citizens Exercises
Carta for Disabled Persons o Tax incentives for qualified establishments selling goods and services to
3. Describe, analyze and apply Special senior citizens
Economic Zone Act
4. Describe, analyze and apply the B. Magna Carta for Disabled Persons
Omnibus Investments Code (Book1 of o Tax incentives for qualified establishments selling goods and services
Executive Order 226) to disabled persons
5. Describe, analyze and apply the
Barangay Micro Business Enterprises C. Special Economic Zone Act
(BMBEs) Act o Policy and the Philippine Economic Zone Authority (PEZA)
6. Describe, analyze and apply the Double o Registration of investments
Taxation Agreements (DTA) o Fiscal incentives to PEZA-registered economic zone enterprises
(4.5 HOURS)
D. Omnibus Investments Code (Book 1 of Executive Order 226)
o Policy and the Board of Investment (BOI)
o Preferred areas of investment
o Investments priority plan
o Registration of investments
o Fiscal incentives to BOI registered enterprises

E. Barangay Micro Business Enterprises (BMBEs) Act

o Registration of BMBEs
o Fiscal Incentives to BMBEs

F. Double Taxation Agreements (DTA)

o Nature and purpose of DTAs
o Manner of giving relief from double taxation
 o Procedure for availment of tax treaty benefits

(1.5 HOURS) 10. TARIFF AND CUSTOMS CODE

(1.5 HOURS) 11.0 UPDATES ON SPECIAL CONCERNS Lecture Discussion Assignment

11.1 Globalization Quiz
Exercises
11.2 Digital and Information Technology

11.3 Governance and Ethics

11.4 Regulatory Requirements and Considerations

11.5 Effective Business Communication

FINAL EXAMINATION (2 HOURS)