Session 1: Tuesday, August 15, 2023 * 1:30pm to 4:45pm | Zoom
Session 2: Tuesday, August 22, 2023 * 1:30pm to 4:45pm | Zoom
Session 3: Tuesday, August 29, 2023 * 1:30pm to 4:45pm | Zoom
Session 4: Tuesday, September 5, 2023 * 1:30pm to 4:45pm | Zoom
Session 5: Tuesday, September 12, 2023 * 1:30pm to 4:45pm | Zoom
Session 6: Friday, September 22, 2023 * 9:00am to 5:00pm | EDSA Shangri-La Hotel
Mandaluyong City, Philippines
PROGRAM OUTLINE
SESSION 1:
Part I: Introduction
- Focus and Importance
o BIR and LGU
o Sole Proprietorship, Partnership and Corporation
o Tax Deficiency Assessment or Tax Refund Application
- Taxes Covered
o BIR
- Income Tax
- Value-Added Tax
- Percentage Tax
- Excise Tax
- Documentary Stamp Tax
o LGU
- Local Business Tax
- Tax Authorities in the Philippines
o BIR
o LGU
o BOC
Part II: Business Registration
- Considerations and Options
o Sole Proprietorship versus Partnership versus Corporation
- Classification of Individual Taxpayers
- Classification of Corporate Taxpayers
o VAT versus Non-VAT/ Percentage Tax
o Specific LGU
- General Process and Requirements
o DTI/SEC, LGU, BIR
o Types of Books
- Tax Incentives under Special Laws
o Special Laws
SESSIONS 2-4:
Part III: Compliance and Computation
- Bookkeeping
o Concept
o Books of Accounts
o Requirement for Independent CPA Audit
o Proper Issuance of Sales Invoices and Official Receipts
o Accounting Methods
o Accounting Periods
o Requirements for Deductibility of Expenses
- Modes of Tax Filings
o Manual
o eBIRForms
o eFPS
- Income Tax
o Concept
o Income Tax Rates
o Global Tax System versus Schedular Tax System
o Computation
- Withholding Tax on Compensation
o Concept
o WTC Rates
o General Computation
o Exceptional Computation
- Creditable Withholding Tax
o Concept
o Taxpayers and Transactions Subject to CWT
o Computation
- Final Withholding Taxes
o Concept
o Taxpayers and Transactions Subject to FWT
o Computation
- Capital Gains Tax
o Concept
o Taxpayers and Transactions Subject to CGT
o Computation
- Value-Added Tax
o Concept
o VAT Rate
o Different Types of Sales
o Output VAT versus Input VAT
o Computation
o Update Non-VAT to VAT, and vice versa
- Percentage Tax
o Concept
o Percentage Tax Rate
o Computation
o Other Types
- Excise Tax
o Concept
o Transactions Subject to ET and Rates
o Computation
- Documentary Stamp Tax
o Concept
o Transactions Subject to DST and Rates
o Computation
- LGU Business Tax
o Concept
o LGU Business Tax Rates
o Computation
- Payment of Taxes
o General Rule and Exceptions
o Modes of Payment
- Penalties
o Surcharge
o Interest
o Compromise
- Tax Forms and Filing Deadlines
SESSION 5
Part IV: Tax Audit and Assessment
- Audit Investigation
o Different BIR Audit and Investigation Programs
- Assessment and Collection
o General Rule and Exception
o Compromise, Abatement or Cancellation of Tax Liabilities
o Prescription on Assessment and Collection
o General Process
- Judicial Processes
SESSION 6 - Whole day with Awarding of Certificates (9:00AM to 5:00PM)
Special Lecture: A New Era of Tax Incentives under CREATE LAW
Part V: Business Closure
- Importance of Proper Closure
o Consequences of Failure to Properly Retire the Business
- General Process and Requirements
o LGU
o BIR
o DTI/SEC
*The hotel venue shall include meals which is part of the training fee.
*Note: This is an SEC-accredited training on Corporate
Governance
