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                                                                    CGBP     What is CPE?                                                 
presents

FRIDAY, 18 JANUARY 2019 * 9:00 am - 5:00 pm
MANILA MARRIOTT HOTEL, PASAY CITY, PHILIPPINES
This one-day seminar will provide you all the Supreme Court and CTA decisions, BIR revenue regulations, memorandum orders, circulars, and policies of the BIR relevant to business owners and taxpayers covering the period from January to December 2018 plus a refresher on the TRAIN Law.

Knowledge of these and how it will impact on your business transactions is essential in maximizing the benefits granted by law, ensuring compliance, minimizing and avoiding unnecessary tax exposures, assessments and penalties from the taxing authority.

Be in the know and take advantage of the wealth of information in this once-a-year event. Gain lots of valuable insights, best practices tips and expert’s advice in this solutions-oriented approach on how you can work around and find better ways to address your concerns from a tax minimization strategy or optimization of savings. Whether you are expanding your business, improving your bottomline, or strategizing your next move as an SME or a large corporation, you will greatly profit from attending this seminar.
 ​ Limited Seats Only, Pre-Registration Required

   REGISTER NOW
Avail of theGroup DISCOUNT


   Contact Person: Shannon Sardua
   Manila lines: (+632) 556-8968 or 69
 Manila Telefax: (+632) 842-7148 or 59
   Legazpi line (+63 52) 736-0148
    Email: shannon.cgbp@yahoo.com
    Check: www.cgbp.org
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Avail of the 5% Group discount for attendees of 3 or more
Course Director and Lecturer: ATTY NICASIO C. CABANEIRO, CPA is an authority in the practice of taxation and commercial law with 40 years of teaching experience and 25 years with bank of Philippine Islands capping his career as its Vice-President and Head of the Legal Services Division (1982 to 2007). He is a sought-after lecturer and consultant of various institutions across many industries as well as high net worth individuals to help them with their tax and other legal matters.

Presently, he is also the general counsel and corporate secretary of the Philippine Clearing House Corp. (PCHC) and Tuloy sa Don Bosco Street Children Foundation. He finished his accounting degree (Magna Cum Laude) and his law degree (Cum Laude) at the San Beda College of Law.


Who Should Attend:

      • Business Owners/Entrepreneurs
      • Lawyers & CPAs
      • Treasurers & CFOs
      • Tax Practitioners
      • Tax Compliance Officers
      • Business Consultants
 ____________________________

Training Investment is P9,980
   inclusive of Meals, Resource Kit,
   & Certificate of Attendance


NEW YEAR TAX UPDATES AND REMEDIES
Learn the New Laws, Court Rulings, Revenue Regulations &
Memorandum Orders for You & Your Company's Benefit

9:00 am to 5:00pm, Friday, January 18, 2019
Manila Marriott Hotel, Pasay City, Philippines


Course Outline


This one-day training will discuss BIR regulations including its correct interpretation pertinent to individual and corporate taxpayers whether for profit or non-profit organizations covering the period from January 2018 to December 2018. It will also cover 2018 Supreme Court and Court of Tax Appeals rulings.

The objective of this seminar is for you and your organization to maximize the benefits granted by law, ensuring compliance, minimizing and avoiding unnecessary tax exposures, assessments and penalties from the taxing authorities.

This lecture is a CPD accredited seminar. Accountants attending this event will earn 6 credit units. This training is open to the general public.

I - BIR Issuances and Interpretations

  1. RR No. 1-2018 (Jan. 15, 2018) – Revised tax rates on mineral products pursuant to provisions of RA 10963 (TRAIN Law)


  2. RR No. 2-2018 (Jan. 24, 2018) – Revised tax rates and other implementing guidelines on petroleum products pursuant to provisions of RA No. 10963 (TRAIN Law)

  3. RR No. 3-2018 – (Jan. 15, 2018) - Revised tax rates on tobacco products pursuant to provisions of RA 10963 (TRAIN Law)


  4. RR No. 4-2018 – (Jan. 15, 2018) – Rules and Regulations implementing Documentary Stamp Tax rate adjustment under RA 10963 (TRAIN Law)


  5. RR No. 5-2018 – (Jan. 15, 2018) –Adjustment of rates on Excise Tax on Automobiles pursuant to the provisions of RA No. 10963 (TRAIN Law)


  6. RR No. 6 -2018 – (Jan. 19, 2018) – Revokes RR No. 12-2013 relative to the requirements for deductibility of certain expenses, thereby reinstating the provisions pf Sec.2.58.5 of RR No. 14-2002 as amended by RR No. 17-2003


  7. RR No. 7-2018 – (Jan. 31, 2018) – Amends certain sections of RR No. 12-99, as amended by RR No. 18-13, relative to the due process requirements in the issuance of a deficiency tax assessment


  8. RR No. 8-2018 – (Feb. 20, 2018) – Implements amended provisions on Income Tax pursuant to RA No. 10963 (TRAIN Law)


  9. RR No. 9-2018 – (Feb. 26, 2018) - Prescribes rules and regulations implementing the increase in Stock Transfer Tax pursuant to RA No. 10963 (TRAIN Law)


  10. RR No. 11-2018 – (Mar. 15, 2018) – Amends certain provisions of RR No. 2-98 to implement further amendments pursuant to RA No. 10963 (TRAIN Law) relative to Withholding of Income Tax


  11. RR No. 12-2018 – (Mar. 15, 2018) – Consolidates RR on Estate and Donor’s Tax incorporating amendments pursuant to RA No. 10963 (TRAIN Law)


  12. RR No. 13-2018 – (Mar. 15, 2018) – Prescribes the Regulations implementing VAT provisions under RA No. 10963 (TRAIN Law), which further amends RR No. 16-2005


  13. RR No. 16-2018 – (May 25, 2018) – Amends RR No. 10-2015 on the use of non-thermal paper for all CRM/ POS machines and other invoice/receipt generating machines/ software


  14. RR No. 20-2018 – (Aug. 22, 2018) - Provides the implementing rules and guidelines on the imposition of Excise Tax on sweetened beverages pursuant to provisions of RA No. 10963 (TRAIN Law)


  15. RR No. 21-2018 – (Sept. 14, 2018) – Implements Sec. 249 (Interest) of NIRC of 1997 as amended under Sec. 75 of RA No. 10963 (TRAIN Law)



  16. II - SUPREME COURT DECISIONS


  1. PHILIPPINE AIRLINES VS. CIR - G.R. NO. 206079-80, (Jan. 17, 2018) -This involves whether or not PAL is required to prove the remittance to the BIR of the final withholding tax on interest

  2. CIR vs. COVANTA ENERGY PHILIPPINE HOLDINGS INC. (CEPHI) - G.R. NO. 203160, (Jan. 24, 2018) - TAX AMNESTY UNDER R.A. 9480—Assailing the validity of the availment of tax amnesty under Rep. Act 9480


  3. UNIVERSITY PHYSICIANS SERVICES INC. VS. CIR - G.R. NO. 205955, (Mar. 7, 2018)—Applicability of the irrevocability rule to secure tax refund or tax credit


  4. TEAM ENERGY CORPORATION VS. CIR – G.R. NO. 197663/197770, (Mar. 14, 2018) - Compliance with the requirements for refund or tax credit of creditable input VAT on zero rated transactions


  5. TEAM SUAL CORPORATION VS. CIR – G.R. NO. 201225-25, (Apr. 18,2018) - Compliance with the requirements for refund or tax credit of creditable input VAT on zero rated transactions


  6. AGC Fiat vs. BOC-CTA Case No. 8752, (May 9, 2018) - The issue involved here is the principle of solution indebiti applies to inaction of the Comm. of Customs which is appealable to the CTA


  7. PHILIPPINE PORTS AUTHORITY VS. CITY OF DAVAO - G.R. NO. 190324, (June 6, 2018) -Recognition of the power of the Court of Tax Appeals to determine whether or not there is grave abuse of discretion in cases falling within its jurisdiction and its power to issue writs of certiorari


  8. CIR VS. BPI - G.R. NO 224327, (June 11, 2018) - Applicability of the rule of estoppel against the taxpayer as to the sending of notice of assessment by the BIR


  9. BASES CONVERSION AND DEVELOPMENT AUTHORITY VS CIR - G.R. NO. 205925, (June 20, 2018) – This involves a petition for review with the CTA in order to preserve taxpayer’s right to pursue its claim for refund of creditable withholding tax


  10. CIR VS. CEBU HOLDINGS INC. – G.R. NO. 189792, (June 20, 2018) - This case pertains to the issuance of a tax credit certificate for taxpayer’s claim for excess creditable taxes


  11. CITY OF MANILA VS. COSMOS BOTTLING CORPORATION – G.R. 196681, (June 27, 2018) - This pertains to an assessment of deficiency taxes by the local government without necessity of payment under protest


  12. CONGRESSMAN MANDANAS, ET AL VS. EXECUTIVE SECRETARY PAQUITO OCHOA, CIR, ET AL- G.R. NO. 199802, (July 3, 2018) – In this case, the petitioners challenge the manner on how the just share of the local government from the national taxes is computed


  13. COURAGE, ET AL VS. COMM. HENARES, ET AL – G.R. NO. 213446, (July 3, 2018) – This is a petition for the issuance of a Temporary Restraining Order to enjoin the CIR from implementing Rev. Memorandum Order No. 23-2014 classifying as taxable compensation certain allowances, bonuses and fringe benefits granted to government employees


  14. CIR VS. PILIPINAS SHELL PETROLEUM CORP. – G.R. NO. 204119-20, (July 9, 2018) - This case involves the validity of using Tax Credit Certificates (TCCs) as payment of excise tax liabilities of petitioner-taxpayer


  15. NIPPON EXPRESS (PHILIPPINES) CORP. VS. CIR – G.R. NO. 191495, (July 23, 2018) - This case pertains to the issue on whether taxpayer is engaged in zero-rated sales of services (not goods or properties)


  16. SAN ROQUE POWER CORP. VS. CIR – G.R. NO. 203249, (July 23, 2018) – The issue involve here pertains to the procedural rules for claiming refund of creditable input VAT arising from zero rated transactions


  17. RHOMBUS ENERGY INC. VS. CIR - G.R. No. 206362, (Aug. 1, 2018) - The issue in this case is whether or not the taxpayer is barred by the irrevocability rule in claim unutilized creditable withholding tax


  18. NOEMI CRUZ VS. CITY OF MAKATI - G.R. NO. 210894, (Sept. 12, 2018) - Validity of the Notice of Tax Delinquency and Notice of Advertisement of Sale of real property to satisfy delinquent real property tax


  19. ASIAN TRANSMISSION CORPORATION VS. CIR - G.R. NO. 230861, (Sept. 19, 2018) - Validity of waivers of prescriptive period for the BIR to assess deficiency taxes



    III - COURT OF TAX APPEALS DECISIONS

  1. Philippine Airlines vs. CIR, CTA Case Nos. 7152, (Apr. 3, 3018) – It was ruled that importations are excluded in the definition of locally available supply. For the purpose of determining tax exemption on imported supplies under the PAL charter


  2. Colt Commercial Inc. vs. CIR, CTA Case No. 9270, (Apr. 3, 2018) - This case ruled that unutilized input VAT eventually deducted for refund could not possible be applied for future VAT liability


  3. Amadeus Marketing Philippines, Inc. vs. CIR, CTA EB 1532, (Apr. 5, 2018) - This case provides the rules for non-resident foreign corporation that is the recipient of services must not also doing business in the Philippines to qualify for VAT zero rating


  4. Philippine Mining Development Corp. vs. CIR, CTA Case No. 9292, (Apr. 6, 2018) - It was ruled in this case that disputes between government agencies fall within the initial jurisdiction of the DOJ not with the CTA


  5. Macintel, Inc. vs. CIR, CTA Case No. 9252, (Apr. 17, 2018) —This pertains to Letter Notices generated as a result of the RELIEF system and not as a result of the Tax Reconciliation System


  6. Lepanto Consolidated Mining Corp. vs. CIR, CTA Case No. 8970, (Apr. 17, 2018) - This concerns a waiver of the defense of waiver of prescription which must be duly signed by the duly authorized representative of the taxpayer


  7. Granworth Resources Corp. vs. CIR, CTA Case No. 8765, (Apr. 17, 2018) - This concerns the effect of a collection letter issued after receipt of the protest to the formal letter of demand


  8. Batino Realty Corp. vs. CIR, CTA Case No. 9542, (Apr. 18, 2018) - A claim for refund of erroneously paid VAT must be filed under Section 229 of the NIRC and not under Sec. 112


  9. Colt Commercial, Inc. vs. CIR, CTA Case No. 9205, (Apr. 20, 2018) - It was ruled in this case that documents found in the ICPA Report may be admitted in evidence even if it was not properly offered during trial


  10. CIR vs. Premium Leisure Corp, CTA EB No. 1702, (Apr. 25, 2018) - It was ruled that property transferred as liquidating dividends is not subject to capital gains tax


  11. Yusen Logistics Center, Inc. vs. CIR, CTA Case No. 9109, (Apr. 26, 2018) - In this case, it was ruled that a waiver that does not indicate the BIR’s date of receipt is void


  12. Clark Water vs. CIR, CTA Case No. 9286, (May 3, 2018) - This covers the non vatability of sales of services of an ecozone enterprise


  13. Vestas Services vs. CIR, CTA Case No. 9382, (May 9, 2018) - This case is about the VAT zero-rating of services rendered by a local supplier to a Renewable Energy (RE) developer


  14. Philip Morris vs. CIR, CTA Case No. 8791, (May 9, 2018)— This case pertains to the refund of excise taxes paid in advance for locally manufactured products


  15. CIR vs. Coral Bay, CTA EB No. 1418, (May 17, 2018) – It was ruled in this case that the CTA may give credence to all evidence presented even those that may not have been submitted to the CIR.


  16. Greenhills Properties Inc. vs. CIR, CTA EB No. 1604, (May 17, 2018) - It was ruled in this case that an appeal to the CTA En Banc of an Amended Decision of the CTA in Division must be preceded by the filing of a timely MR/New Trial with the Division


  17. Napocor vs. Luzon Hydro, CTA EB No. 1020, (May 22, 2018) - This case ruled on the exemption from real property tax of machineries actually, directly and exclusively used in the generation of electric power


  18. Solid-One Mills. Phil. Inc. vs. CIR – CTA EB 1562, (June 1, 2018) – This case concerns the validity of the letter issued by the BIR in connection with the taxpayer’s request for reinvestigation and whether the appeal to the CTA was timely made


  19. Petron Corp. vs. CIR - CTA EB No. 1499, (June 4, 2018) – This case concerns the power of the CIR to interpret tax laws


  20. Philippine International Terminals Co. Inc. vs. CIR - CTA Case No. 9181, (June 6, 2018) - It was ruled that without a Letter of Authority (LOA), the assessment is a nullity


  21. CIR vs. Ludo & Luym Corp. - CTA EB No. 1559, (June 8, 2018) – This case pertains to the presumption of falsity of returns and BIR’s right to impose surcharge


  22. CIR vs. AA Commercial - CTA EB No. 1476, (June 11, 2018) - This case pertains to the observance of due process in the issuance of Pre-Assessment Notice and Final Assessment Notice through registered mail


  23. Trinity Franchising and Management Corporation vs. CIR - CTA Case No. 9177, (June 13, 2018) - It was ruled in this case that where both taxpayer and BIR cause the infirmity, the validity of the waivers must be upheld


  24. CIR vs. Mannasoft Technology Corp. - CTA EB Case No. 1637, (June 19, 2018)- This case involves the issue on whether a warrant of distraint constitutes on act of the CIR and therefore appealable to the CTA


  25. Parity Packaging Corp. vs. CIR - CTA Case No. 9318, (June 20, 2018) - The issue here is whether there is a logical relationship between a negative cash balance and treating the same as sales subject to tax


  26. One World Connections Inc. vs. CIR - CTA Case No. 8820, (June 21, 2018)— It was ruled in this case that while a mailed letter is deemed received by the addressee in the course of mail, this is merely a disputable presumption


  27. Lorenzo Shipping Corp. vs. CIR - CTA Case No. 8694, (June 28, 2018) – It was ruled in this case that if pleadings are filed via registered mail, the date of mailing shall be considered as the date of filing



  28. IV- TRAIN ACT OF 2018

    V- Q & A & REMEDIES


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TRAINING FEE PER PERSON: P 9,980 (Fee covers Meals, Resource Kit, Certificate of Attendance)

GET AS MUCH AS 10% DISCOUNT! AVAIL OF ANY OR ALL OF THE FOLLOWING:

Less 5% for early registrants (on registrations made on or before December 18, 2018)
Less 5% for early payment (if made on or before January 8, 2019)
Less 5% for group registration (minimum of 3 participants)

REGISTER NOW to avail of the Group DISCOUNT
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Download: Flyer - Black&White (.PDF 362kb)
                         Course Outline (.PDF 320kb)