Basic Business Taxation Simplified

Learning Points:
Learn fundamentals of taxation
– Basic concepts on importance of taxation
– Learning basic BIR business & reportorial requirements
BIR annual registrations
– Securing T.I.N & Certificate of Registration
– Sales Invoices / Official Receipts
– Books of Accounts
– Summary list of sales/purchases
– Tax returns & filling dates (manual or EFPS)
– Change of Address
– Transfer of shares & real properties
Withholding tax system and sample applications
– Expanded withholding taxes
– Withholding tax on connection
– Final withholding taxes
Learning business tax types [VAT & Other Percentage taxes (OPT)]
Concept of business taxes
– When VAT, when OPT?
– Tax benefits on initial registration (VAT vs OPT)
– VATable transactions, in general
– VAT Zero-rate transaction & treatments
– VAT application on sales to government
– Common VAT-exempt transactions
– OPT transaction by nature
– Illustrative computations
– Pricing implications of VAT
Learning Basic income taxation (individual & corporate)
– What income is taxation and what income tax type is applicable?
– Basic Individual income tax
– Basic Corporate income tax
– Allowable deductions
– Income tax benefits & exempt entities (e.g. BMBE)
– Illustrations on Income Tax Returns (ITR) Preparations
Learning How Tax Assessment Operate & Taxpayer’s Remedies
– eLOA/TVN/TRS-TVN
– Documentation, Sub poena duces tecum, & jeopardy assessment
– Preliminary findings & informal conference
– Preliminary Assessment Notice (PAN)
– Final Assessment Notice (FAN)
– Protest writing illustrations
– Common errors resulting to penalties & assessments
Learning Tax Refunds & TCC

Learning Basic Local Government Taxes (CTC, RPT, & Business Taxes)

Date: April 19-20, 2024 (Friday-Saturday)
Time: 9:00am to 5:00pm
Investment Cost: Php 6,720 (Inclusive if VAT)
Reservation Link: https://forms.gle/X8qwwxqxdaCqnQSt6

Who should attends?
Highly recommended for Small & medium business owners, new entrepreneurs, accounting graduates, & interested others.
View Other Seminars
Seminar Schedules
Oct 07 - Oct 08, 2026

Tax and Accounting Webinar Philippines 2026_Withholding Tax (Expanded and Final)
Oct 08, 2026

Live Webinar: Basic Accounting for Non-Accountant
Oct 13 - Oct 14, 2026

Live Webinar: PEZA Registered Entities: Taxation and Basic Reports
Oct 20 - Oct 21, 2026

Live Webinar 1 & 2: BIR Tax Compliance for VAT Entity
Oct 21, 2026

Live Webinar: Understanding Invoices and Invoicing under EOPT with CPD Credits
Oct 22 - Oct 23, 2026

Live Webinar: How to analyze Financial Statements (Practical Guide for Managers and Entrepreneurs to make a better decisions)
Oct 23, 2026

Live Webinar: Acting as CTA ICPA (VAT Refund)
Dec 04, 2026

Back-to-Back Business Essentials Year-end Updates and Reminders 2026
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Updates

9 Important Items on Ph Lease Contract Every Tenant Should Pay Attention

Revenue Memorandum Circular No. 91-2026

Revenue Memorandum Circular No. 90-2026

Revenue Memorandum Circular No. 81-2026

Revenue Memorandum Circular No. 79-2026
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Tax and Accounting Center,. Inc.
3/F Torres-Olivia Building, Kalibo, Aklan

Mobile :
Smart: 0939-916-2952
Globe: 0908-812-9413

Email : info@taxacctgcenter.ph

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