Business Taxation Made Easy

About the Seminar

Overview
Business taxation is extremely important but the lack of training on this subject has made most
people avoid giving it the proper attention. Most leave the matter to the accountants but
ultimately the person in charge will be liable regardless of his/her ignorance.
The seminar-workshop presents the procedures and computations in a simplified manner so as to
enable the participant to have a good basic knowledge of business taxation after completing the
seminar.

Objectives

To learn what business taxation is.

To understand the fundamental laws relevant to business taxation.
To be familiar with the registration procedures and guidelines and reportorial
requirements by the taxpayer and his trade, business and profession.
To be familiar with the types of taxes, BIR forms used in filing the return, deadlines of
filing and payments and the computation of amount that should be reflected in the returns.
To be aware of the possible remedies in case of tax assessment.

Who Should Participate

Professionals
Businessmen
Bookkeepers
Accounting staf

Key Topics
I. Fundamentals of taxation (What is business taxation?)
a. Taxation and taxes definitions
b. Types of Internal Revenue Taxes and persons liable to pay
c. Types of Taxpayer
II. Certificate of Registration (COR)
III. Taxpayers registration guidelines and procedures
IV. Update, transfer and cancellation of registration
V. Annual registration fee
VI. Registration of invoices and receipts
VII. Registration and keeping of books of accounts, manual and computerized
VIII. Tax returns, forms, deadlines of filing and payments and procedures for filling-up
IX. Business Taxes

1. Value Added Tax (VAT)

a. Persons and transactions subject to VAT
b. VAT rates and computation
c. Exempt transactions
d. Zero rated transactions
e. Withholding on VAT
2. Other Percentage Tax
a. Tax on persons exempt from VAT
X. Withholding Tax System
a. Expanded Withholding Tax
b. Withholding tax on wages
c. Final Withholding Tax
XI. Income taxation
a. Corporate Income Tax
b. Individual Income Tax
XII. Basic taxpayers remedies in case of tax assessments.
XIII. Question and Answer
XIV. Workshop please bring a calculator
BIR forms to be used in the seminar

Review: Business Law and Taxation (REVIBLT)

3 units
This is an integrating course which strengthens the students'
knowledge and understanding of pertinent legal provisions, general
principles, concepts and underlying philosophy of law and the legal
implications of business transactions, business associations and
negotiable instruments, particularly as they relate to accounting and
auditing situations. The course also covers review of the theory and
principles of Philippine taxation. Specifically, it covers income
taxation, transfer (estate and donor's tax) and business (valueadded and other percentage taxes) taxation, community tax,
additions to tax, compliance requirements, tax remedies, and the
power and authority of the Commissioner of Internal Revenue.

Pre-requisite: MODMGT1, MODMGT2, MODAUD1, MODAUD2, MODAUDT, LBYMODT, TAXINCO,

TAXBUSI, PARTCOR, SALESBA, NOGOTIN, THSBSAF

Pre-requisite to: None

Basic Economics, Land Reform & Taxation

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course syllabus

WEDNESDAY, JUNE 24, 2009

course syllabus

Basic Economics, Land Reform & Taxation

CLARENDON COLLEGE
1st Sem, AY 2009-2010
ATTY. S.C. MADRONA, JR.
ATTY. AIREEN DIMAPILIS SISON-MADRONA
COURSE DESCRIPTION
Introduction to economics and economic concepts in theory, policy and practice, with particular reference to
Philippine economic experience. It also includes a general background of the laws of taxation and land reform.
COURSE OBJECTIVES
The course aims to impart to its students: first, appreciate the importance of taxation as means of supporting the
government in sustaining its programs and projects as opposed to common notion on taxation as a burden; second,
realize the necessity for land reform program as means of states pursuit of social justice, and; lastly, better
understand basic economic principles and processes i.e. resources, market, money etc.
COURSE OUTLINE
Introduction
I.Taxation
A.General Principles in Taxation
B.Limitations on the Power of Taxation
C.Double Taxation and Tax Exemptions
D.Income Taxation
II.Land Reform
A.Components and Aspects
B.Agrarian Reform
III.Economics
A.Basic Principles in Economics
B.Economic Activities
i.Circular Flow of Economic Activities
ii.Supply and Demand
iii.Production, Cost and Profit
iv.Monopoly and Competition
v.Philippine Financial System
vi.Money and Monetary Policy
C.International Trade
Conclusion

REQUIRED READINGS
The following books are required for this course:
TAXATION:
De Leon, Hector. 2004. Fundamentals of Taxation. Quezon City: Rex Bookstore
LAND REFORM:
De Leon, Hector. 2005. Textbook on Agrarian Reform and Taxation. Quezon City: Rex Book Store.
ECONOMICS:
Mankiw, N. Gregory. 2007. Principles of Economics, 4th Edition. Thomson South-Western.
Case, Karl and Ray C. Fair. 2004. Principles of Economics, 7th edition. Pearson Prentice Hall.
COURSE REQUIREMENTS
PPrelim examination: 15% (July 18, 2009)
Midterm examination: 15% (August 29, 2009)
Semi-Final examination: 10%
Class Participation: 40%
Final Exam: 20% (October 10, 2009)
Total 100%
A. READ, TAKE NOTES AND ASK QUESTIONS. This course requires much reading and the student is expected
to have read the required materials when coming to class.
B. EXAM. The exam will consists of problem-solving and short answer questions based on the class lectures and the
assigned reading materials.
C. FINAL EXAM. Comprehensive of all lectures and selected required reading materials.
D. There will be GRADED RECITATION (50% of final grade) based on the required reading materials and assigned
cases.
CLASSROOM POLICIES
1. Students must submit a 3x5 index card with their names, courses, contact numbers, 1x1 ID color or BW picture by
the second-class meeting.
2. A student is considered absent from class if s/he is not present within the first third fraction (30 minutes) of the
scheduled class time. The students should be responsible for keeping tracks of their absences.
3. As a courtesy of the entire class, smoking and eating inside the classroom shall be strictly prohibited. All electronic
devices must be either deactivated or at least silent.
CONSULTATION HOURS
If you wish to consult with me on matters relating to the course, please set an appointment with me.
E-mail: scmadrona@gmail.com
Website: http://beltmadrona.blogspot.com