Business taxation is significant, but the lack of training on this subject has made most people avoid giving it the proper attention. Most leave the matter to the accountants, but ultimately, the person in charge will be liable regardless of their ignorance.
Key Topics
I. Fundamentals of taxation (What is business taxation?)
a. Taxation and taxes definitions
b. Types of Internal Revenue Taxes and persons liable to pay
c. Types of Taxpayer
II. Certificate of Registration (COR)
III. Taxpayers’ registration guidelines and procedures
IV. Update, transfer, and cancellation of registration
V. Annual registration fee
VI. Registration of invoices and receipts
VII. Registration and keeping of books of accounts, manual and computerized
VIII. Tax returns, forms, deadlines for filing and payments, and procedures for filling-up
IX. Business Taxes
1. Value Added Tax (VAT)
a. Persons and transactions subject to VAT
b. VAT rates and computation
c. Exempt transactions
d. Zero-rated transactions
, e. Withholding on VAT
2. Other Percentage Tax
a. Tax on persons exempt from VAT
X. Withholding Tax System
a. Expanded Withholding Tax
b. Withholding tax on wages
c. Final Withholding Tax
XI. Income taxation
a. Corporate Income Tax
b. Individual Income Tax
XII. Basic taxpayers’ remedies in case of tax assessments.
XIII. Question and Answer
Should you be interested in registering, please call or text: Tel. (02) 8727.88.60 / (02) 8727.56.28 / Mobile Numbers: Globe: 0915.205.0133 / Smart: 0908.342.3162 / Sun: 0933.584.7266 / Globe: 0926.622.0768 / Globe: 0915.900.9294 or PM us the following details so we can better assist you:
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