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

Availment of a One-Time Abatement of Taxes and/or Penalties for Micro Taxpayers

Revenue Memorandum Circular No. 71-2026

Revenue Regulations No. 004-2026

Revenue Memorandum Circular No. 064-2026

Revenue Memorandum Circular No. 062- 2026

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Basic Business Taxation Simplified

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