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                         Course Outline (.PDF 212kb)
                 TBOFI2 Early Bird Deadline       CGBP in collaboration with
What is MCLE?
Thursday, 22 NOVEMBER 2012 * 9:00AM to 5:00PM
In this one-day seminar, we will discuss comprehensively the taxation of banks and other financial intermediaries with quasi- banking functions such as financing companies, investment houses, investment companies, and finance leasing companies. The in-depth lecture will cover:

• Income Tax (for Regular Banking Unit)
• Withholding Taxes (CGT, EWT, FWT)
• Gross Receipts Tax (Rates, Base, Computation and Reporting)
• Documentary Stamp Tax (Drafts, LCs, Mortgages, dDST, Exemptions)
• Taxation of Trust and Trust Products (IMA, ITF, IUTF & Other Income)
• Taxation of OBUs and EFCDUs (On Income, Exemption & Expenses)
• Tax on Specific Banking Transactions (ROPA, Bonds, IBCL, etc)

Discussions will include industry issues, BIR audit thrusts, BSP Perspectives, updates, solutions, interpretations and best practices.
Limited Seats Only, Pre-Registration Required

   Avail of Early Bird and

   Contact Person: Camille Jonas
   Manila lines (+632) 556-8968 or 69
   Manila Telefax (+632) 842-7148 or 59
   Cebu lines (+63 32) 512-3106/07
Lecturer: Atty. Benedicta “Dick” Du-Baladad, CPA is the managing partner of Du-Baladad & Associates (BDB Law). She is the author of the book, “Taxation of Financial Institutions in the Philippines”, which won an Anvil Award of Merit in 2007 and a new book entitled, “Taxation of Banks and Non-Banks Financial Intermediaries in the Philippines”, released in October 2010.

Dick is a tax specialist in banking, insurance, capital market, financial intermediation, advertising and technology, and has been practicing taxation and corporate law for almost 25 years.

She obtained her Bachelor’s degree in Accountancy, magna cum laude, St. Louis University (1982), Law at UST, Master of Laws and International Tax Program at Harvard University (1997) and Advanced Management Program at Wharton School of the University of Pennsylvania (2007). President, Tax Management Association of the Philippines (2005).
    Those belonging to these
    industries should attend:

     • Banks
     • Financing Companies
     • Investment Houses
     • Investment Companies
     • Finance and Leasing


   Seminar Investment is P 8,880
   inclusive of Meals, Resource Kit, &
   Certificate of Attendance

Business World Online International Chamber of Commerce Tri-ISys Forbes College

Taxation of Banks and Other Financial Intermediaries

Updates, Interpretations, Solutions & Best Practices

The Peninsula Manila, Makati City, Philippines
9:00am to 5:00pm, Thursday, November 22, 2012

Course Outline

i.   Income Tax (Regular Banking Unit)
     1. Regular Corporate Income Tax
         a.   Income Tax In General
         b.   Special Rules for Banks
     2. Allocation of expense between RBU and EFCDU
     3. Minimum Corporate Income Tax
     4. The Optional Standard Deduction
     5. Improperly Accumulated Earnings Tax

ii. Withholding taxes
     1. Final Withholding Tax
         a. Interest Income payments and yields
         b. Payments to non-residents
         c. BPRT
     2. Expanded Withholding Taxes

iii. Gross Receipts Tax
     1. Rates
         -   Lending
         -   Non-lending
     2. Determination of base
     3. Rules on offsetting
     4. Computation and reporting

iv. Documentary stamp tax
     1. Debt instruments
     2. Securities Issued in a foreign country
     3. Government –issued instruments
     4. Bank Deposits
     5. Bills of Exchange, Drafts, LC
     6. Letters of Credit
     7. Mortgages
     8. Exemptions
     9. eDST

v. Taxation of Trust and Trust Products
     1. Taxation of IMA, ITF, UITF
     2. Long-term trusts
     3. Distribution of Income of the trust
     4. Obligation as Trustee

vi. Taxation of OBUs and EFCDUs
     1. Taxation of Income – Onshore and Offshore
         a. Final Taxes
         b. Regular Income Tax
         c. MCIT
     2. Exemption Coverage
     3. GRT

vii. Specific Banking Transactions
         a. Foreclosures and Dacion en Pago
         b. Sales of ROPA
         c. Long-term deposits
         d. Deposit Substitutes
         e. Bonds
         f. IBCL and Repurchase Agreements
         g. Derivatives
         h. Trading Gains and Losses
         i. Finance-leasing
         j. Credit card financing

viii. Local Taxes
         a. Local Business Tax
              i. Tax rate and Base
             ii. Situs
         b. Real Property Tax

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- SEMINAR FEE PER PERSON: P 8,880 (Fee covers Meals, Resource Kit, Certificate of Attendance)


Less 5% for early registrants (on registrations made on or before October 22, 2012)
Less 5% for early payment (if made on or before November 12, 2012)
Less 5% for group registration (minimum of 3 participants)

REGISTER NOW to avail of Early Bird and Group DISCOUNTS
Share |
Download: Flyer - Black&White (.PDF 528kb)
                         Course Outline (.PDF 212kb)