Certification Course for Tax Compliance Specialist

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.

The first three sessions of this course are MCLE-accredited.