Registration with Philippine Economic Zone Authority (PEZA) is a special privilege to some PEZA-registered activities. As such it is highly regulated and monitored to ensure their compliance with the technical tax rules imposed by existing laws, rules, and regulations as provided in their respective Registration Agreements. Should they fail to comply with what is owing upon them, then, the government could cancel their PEZA registration along with their tax holiday or 5% special income tax privilege, or be imposed penalties to such waste of resources.
Learning Points: I. Power of the Commissioner of Internal Revenue a. Coop Incentive Report Submission b. Zonal valuation of real properties II. Personal Income Taxation (PIT) a. New Graduated tax table b. 8% optional PIT c. Deduction for PIT d. PIT exemption e. Special Alien Employee (SAE) Taxation f. Individual ITR filings g. Passive Incomes and Taxation III. Transfer Taxation a. Estate Taxation b. Donor’s Taxation c. Administrative Rules IV. Value Added Taxation/Percentage Taxes a. New VAT threshold b. Zero-Rated and Exempt Transaction c. Input VAT Refund Policy d. New percentage tax rates e. VAT Exemption V. Excise Taxation a. Tobacco b. Petroleum c. Cosmetic Procedures d. Sweetened Beverages e. Other Excise Tax Matters VI. Document stamp Taxation a. New DST rates b. DST on donation VII. Updates on administrative matters VIII. Old vs. New Rates and Transitions IX. Related Revenue Regulation and Rules X. Overview of TRABAHO Bill
Package: P3,360.00 per participant – Handouts/Notes and pencils/BIR Forms/Comprehensive illustrations/ Seminar-Workshop Certificate/ Lunch and snacks – a.m./p.m.. Please bring calculator.
Reservation: At least P1,000 reservation fee to be deposited to BDO Savings Account (Please contact us for account details) & balance on seminar day.
Almost every entrepreneur knows how to hire good people but not every entrepreneur knows how withholding taxes apply to compensation such employees. Withholding tax on compensation is a must know of every entrepreneur in order to develop a competitive package for employees and to avoid paying penalties for ignorance. Should you fail to apply withholding taxes on compensation, the same shall not be allowed as a deduction for income tax computation until you pay the required withholding taxes PLUS PENALTIES, a one-time 25% surcharge based on amount that should have been withheld, 20% interest per annum, and compromise penalties depending on the amount involved.
Package: P3,000 plus VAT per participant – Handouts/Notes and pencils/BIR Forms/Comprehensive illustrations/ Seminar-Workshop Certificate/ Lunch and snacks – a.m./p.m.. Please bring calculator.
The obligation imposed above is so simple, but most entrepreneurs could not apply very well. BIR assessment is a simple comparison of amounts in the financial statements and in the tax returns filed. As a result, they are being assessed not only for the amount that should have been withheld, but also for income tax deficiencies due to disallowed expenses, and PENALTIES for both non-withholding and income tax deficiencies. Take this opportunity to learn how the withholding tax obligation be complied with, the risks for non-compliance, and the related BIR forms that you should prepare and file.
Learn how taxes greatly affect business success, how to save on taxes by faithful compliance, and comply by easily developing wide knowledge of various technical tax rules. Equip yourself with sufficient working knowledge of taxation as applied in business setting.
Package: P4,500 plus VAT per participant – Handouts/Notes and pencils/Journals, Ledgers,& Worksheets/Comprehensive illustrations/ Seminar-Workshop Certificate/ Lunch and snacks – a.m./p.m.. Please bring calculator.
You may not have all what it takes to master accounting, but your accounting and tax knowledge is indispensable for your entrepreneurial success. For tax purposes, simple things may mean a lot and may become a material issue. Thus, this seminar-workshop is intended to educate participants in basic BIR compliance and avoid headaches dealing with the tax authorities.
Package:P 5,000.00 plus VAT for Handouts/Notes and pencils/ Sample books of Accounts/Various BIR/Forms Comprehensive illustrations / Seminar-Workshop Certificate. Please bring calculator.
We have always been fascinated by the effort and the courage of the small and medium business owners, but is frustrated to learn that they had hard times dealing with their books of accounts and BIR compliance. For tax purposes, simple things may mean a lot and may become a material issue or headache. Thus, this seminar-workshop is intended to educate participants in basic BIR compliance so they could either do it themselves or supervise the work of their retainer-paid CPA-bookkeeper. Learning points: Understand the basic minimum requirements of non-VAT registered SOLE PROPREITORSHIP; Learn how to book keep your non-VAT registered service & trading business; Learn what BIR returns should be filed based on the transactions; Learn how to fill-out BIR Returns and avoid being assessed based on erroneous entries; Learn what to write and how to make proper entries on the books of accounts; Learn how to prepare simple
Package: Handouts/Notes and pencils/ Sample books of Accounts/Various BIR/Forms Comprehensive illustrations / Seminar-Workshop Certificate. Please bring calculator.
Figures in the audited financial statements communicates something to the entrepreneur and if could get the message, then, it will work for its advantage. Example, having a higher inventory on the financial statements may mean an advantage or a disadvantage depending upon the circumstances of the business. Advantage in the sense that it has more assets, more supplies available to customers in the early stage of the next period if reasonable in volume. Disadvantage on the other hand if such inventory taken along with average inventory turnover, would result into a very slow turnover which means that working capital is sleeping over the period of time the inventory remains unsold, if perishable, it might deteriorate before being sold, or it may require a more spacious warehouse, etc. Learn a lot more analysis of financial statements in this seminar and other accounting applications for management.
Value Added Tax in the Philippines is one of the most complex tax types where most taxpayers are committing mistakes in application, either in the simple BIR returns preparations, computations, administrative compliance and/or substantiation thereby ending up with a tax exposure, unknowingly. It appears to be simple because you simply multiply gross sales or gross receipts, net of VAT, with 12% but there are many technicalities most taxpayers are not aware of. As a result, they are being assessed not only for additional VAT liability but sometimes because of a simple technicality.
Every entrepreneur is required to file and pay income taxes quarterly and annually, but not all knows how to compute and properly fill out an income tax return (ITR). Filing an ITR only for the sake of compliance (“basta maka-file, ok na yan” mentality) may contain errors leading to imposition of penalties based on technicalities. BIR examinations and tax assessments are more focused on corporations than individuals. This is because they would anticipate more collections from simple technical errors and misapplications. This workshop will teach you how to compute your income tax due and properly fill out quarterly and annual ITRs. Learning points: Learn the types of income that must be included in the ITR Learn the proper substantiation of income and expenses; Learn the application of Optional Standard deductions (OSD) and Itemized Deductions; Learn the requirements of expenses to be deductible for income tax purposes; Learn the application of
Package: Php 3,000 plus VAT Handouts/Notes and pencils/ Sample books of Accounts/Various BIR/Forms Comprehensive illustrations / Seminar-Workshop Certificate. Please bring calculator.
We offer seminars and training on taxation and accounting in the Philippines at your office either based on our regular programs or based on a customized programs in line with the objective of your business organization towards improving its tax compliance and management. You can also customize your own topics that you may wish us to conduct in-house tax or accounting seminar. Below are the programs we highly recommend:
We likewise customize programs fit your your organizational needs.
Please contact us for arrangements at in**@ta************.org.
Training the newly-hired finance/ accounting employee is quiet costly especially for small businesses. In TaxAcctg Center-Ph we developed this program to give a complete package of practical trainings and ensure basic practical knowledge to the newly-hired employees.
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Live Webinar on Ph Payroll Computations and Taxation
Live Webinar: Basic Bookkeeping Refresher Course
Live Webinar: Returns and Reports Preparation under eBIR Forms and Online Submissions
Live Webinar: How to Set-up a BPO/Back-Office in Philippines
Basic Business Accounting & BIR Compliance VAT Entity (Onsite Seminar)
Live Webinar: Input VAT Refund
Live Webinar: PEZA Registered Entities: Taxation and Basic Reports
Onsite Seminar: BIR Examination: Their Procedures and Our Defenses
Live Webinar: Winning BIR Tax Assessments Series: Process, Remedies & Writing Effective Protest
Live Webinar: Value Added Tax: In and Out
Revenue Regulations No. 8-2024
Revenue Regulations No. 7-2024
Revenue Regulations No. 6-2024
Revenue Regulations No. 5- 2024
Revenue Regulations No. 4-2024
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