OBE COURSE SYLLABUS

COURSE CODE: TRNSTAX

COURSE NAME: Philippine Transfer and Business Taxes
CREDITS: 6 units
CONTACT HOURS: 6 hours every week
INSTRUCTOR:

SPECIFIC COURSE INFORMATION

COURSE DESCRIPTION : This course is an in-depth study of business and transfer taxes
and is a continuation of Tax 1. It covers value-added tax schemes; local direct taxes including real
estate and other property taxes; excise taxes, transfer taxes on gratuitous transfers of property which
are estate tax and donors tax; business taxes; and the remedies of the state and the taxpayer. On estate
tax, the basic concepts of succession give the student an understanding of successional rights.
Discussions on estate tax are on gross estate, deductions from the gross estate and computations for the
net taxable estate, estate tax, and estate tax credit. On donors tax, basic concepts of donation blend
into the discussion of gross gifts, deductions from gross gifts and computations of net taxable gifts,
donors tax, and tax credit. On business taxes, the value-added tax, percentage taxes and excise taxes
are discussed on who are the taxpayers, the tax base, and the tax rates. Community taxes on individuals
and corporations, as required under the Local Government Code, are discussed. Reportorial and
administrative requirements on all taxes and the remedies of the taxpayers on taxes being assessed
and/or erroneously paid are discussed. Emphasis is given on ethical considerations tax avoidance and
the minimization of tax liabilities versus tax evasion.

PRE-REQUISITES: INCOTAX
CO-REQUISITES: None
COURSE
Accountancy/ Taxation Cluster
CLASSIFICATION:

LEARNING RESOURCES

TEXTBOOK: Banggawan, Rex., (2016 Edition), Business and Transfer Taxation,

Laws Principles and Applications with Tax Remedies, Real Excellence
Publishing
OTHER Ampongan, Omar Erasmo, (10th Edition), TRANSFER AND
SUPPLEMENTAL BUSINESS TAXES with Practice Set, Conanan Educational Supply
MATERIALS: Valencia, Edwin and Roxas, Gregorio, (2013-2014 6th Edition),
Transfer and Business Taxation, Principles and Laws with Accounting
Applications, Valencia Educational Supply.
Conti, Indalicio, (2009), THE LAW AND ACCOUNTING OF
TRANSFER AND BUSINESS TAXATION (Comprehensive
Textbook for College Students, CPA and BAR candidates and Tax
Practitioners), Rex Bookstore, Inc.
Reyes, Virgilio, (A Special 2012 Student Edition), PHILIPPINE
BUSINESS AND TRANSFER TAXES- A New Approach
Domondon, Abelardo (2014 10th Edition), TRANSFER TAXES AND
VALUED ADDED TAX, GIC ENTERPRISES AND CO.,INC.,

Saint Paul School of Professional Studies (formerly Saint Paul School of Business and Law)
Campetic Road, Palo, 6501 Leyte, Philippines Telephone +63 53 323 7778 Fax +63 53 323 4402 www.spsps.edu.ph
 www.bir.gov.ph.com
www.chanrobles.com
www.punongbayan-araullo.com

INSTITUTIONAL LEARNING OUTCOMES

1. To think critically using appropriate methods of reasoning, creative and practical solutions to
issues that arise in workplaces, institutions, and local and global communities. (critical
thinking)
2. To communicate clearly and precisely using oral, nonverbal, and/or written language proper
expression and awareness of audience, situation, and purpose. (communication skills)
3. To work collaboratively and respectfully as leaders or members of diverse teams and
communities. (collaboration)
4. To apply consistently the foundational knowledge of biblical truth and St. Pauls examples as
they pursue their vision and mission in life. (Christian values)
5. To employ necessarily the skills that engage in life-long learning through intellectual inquiry
utilizing formal or informal trainings and/or scientific research. (lifelong learning)
6. To exhibit clearly ethical values and behavior geared towards that address self-respect and
respect for others with integrity and honesty that will enable success and participation in the
larger society. (Respect for oneself and others)
7. To show practically various ways and methods in showing the love for Mother Earth in every
engagement to humans and non-humans. (caring for the Environment)

SPECIFIC GOALS FOR THE COURSE

COURSE INTENDED LEARNING OUTCOMES (CILO):

At the end of the semester, 100% of the students are expected to apply appropriately the
concepts and principles on filing of different transfer taxes and business taxes.

COURSE ASSESSMENT

FINAL COURSE OUTPUT:

OUTPUT DUE DATE

Estate tax Return (BIR Form 1801) Midterm
Donors Tax Return (BIR Form 1800) Semi-Final
Value Added Tax Return (BIR Form 2550M) Final

ASSESSMENT (GRADING)
OUTPUT PERCENT POINTS
MAJOR EXAMINATION 40% 200
QUIZZES 20% 100
FINAL OUTPUT 20% 100
RECITATION/ 20% 100
ASSIGNMENTS
TOTALS 100% 500

Saint Paul School of Professional Studies (formerly Saint Paul School of Business and Law)
Campetic Road, Palo, 6501 Leyte, Philippines Telephone +63 53 323 7778 Fax +63 53 323 4402 www.spsps.edu.ph
 LEARNING PLAN:

WEEK ASSESSMENT GRADING

ILO TOPICS TLA NO TASK ASSESSMENT

To discuss Business and Concept 1st Output checking Written Output

comprehensively the Transfer Taxes Mapping
various concepts of
business and transfer
taxes
To discuss Estate Tax Basics Cooperative 2nd Use of Rubrics Involvement
comprehensively the Learning Quiz
various concepts of
business and transfer
taxes
To compute accurately Gross Estate and Quiz
the deductions and valuation of the Seatwork 3rd and Output checking
exclusions from the gross estate 4th
gross estate
PRELIMINARY TERM EXAMINATIONS
To compute accurately Deductions and Problem 5th Output checking Exercises
the deductions and Exclusions from solving Quiz
exclusions from the Gross Estate
gross estate including property.
To determine correctly Determination of Problem 6th Output checking Exercises
the net taxable estate net taxable estate solving Quiz
and estate tax and estate tax of a
single decedent
including the estate
tax credit
To compare and Testamentary Involvement
contrast critically the succession, Quiz
basic types of Intestate succession Collaborativ 7 Output
th

succession. and Mixed e Learning Critiquing

succession
To compare and Legitimise of Involvement
contrast critically the compulsory heirs Quiz
basic types of and shares in both Collaborativ 7th Output
succession testamentary and e Learning Critiquing
intestate succession
MIDTERM EXAMINATIONS
To solve correctly the Deductions and Output checking Exercises
Quiz
th
deductions and Exclusions from Seatwork 8
exclusions from gross gross gifts
gifts
To determine Determination of
accurately the net net taxable gifts Group Work 9th Output checking Involvement
taxable gifts and and donors tax Quiz
donors tax credit including foreign
donors tax credit

Saint Paul School of Professional Studies (formerly Saint Paul School of Business and Law)
Campetic Road, Palo, 6501 Leyte, Philippines Telephone +63 53 323 7778 Fax +63 53 323 4402 www.spsps.edu.ph
 To discuss Basic concepts, concept Output checking Involvement
th
compressively the nature and purpose Mapping 10 Quiz
basic concepts of VAT about VAT
To determine VAT on goods or 11th - Exercise
accurately VAT on properties Seatwork 12th Board-work Quiz
goods and properties
SEMI-FINAL TERM EXAMINATIONS
To compute correctly VAT on sale of Seatwork 13th Exercise
VAT in sale of services Board-work Quiz
services
To calculate critically Input VAT Credits Problem Output checking Exercises
the amount of and Refunds Solving 14th Quiz
creditable input tax
To compute correctly Other Percentage Problem Output checking
the tax for non-VAT Taxes Solving 15th Quiz
registered
To compute correctly Excise Taxes and Problem Solving Exercises
the local, excise taxes Local Taxes Seatwork 16 -
th
Output checking Involvement
and to discuss including the Tax 17th Quiz
comprehensively the Remedies and
remedies and penalties Penalties
of the taxpayers.
FINAL TERM EXAMINATIONS

CLASS POLICIES as stated in the student Manual

Prepared by:

REYNALDO C. MONTECINA, JR.

Taxation Coordinator

Noted by:

MARILOU E. MALQUISTO, CPA ERWIN VINCENT G. ALCALA, CPA, MIB

Chair, Accountancy Department Dean, School of Business and Accountancy

Recommending Approval: Approved by:

AMADEO P. CRISTOBAL, JR. Ed. D. VICTORIA C. de la CRUZ, Ph. D.

Assistant VP for Academics/Research Affairs Vice President for Academics/Research Affairs

Saint Paul School of Professional Studies (formerly Saint Paul School of Business and Law)
Campetic Road, Palo, 6501 Leyte, Philippines Telephone +63 53 323 7778 Fax +63 53 323 4402 www.spsps.edu.ph