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
Mar 24 - Mar 25, 2026

Live Webinar: PEZA Registered Entities: Taxation and Basic Reports
Apr 29, 2026

Live Webinar: Returns and Reports Preparation under eBIR Forms and Online Submissions
May 12 - May 13, 2026

Live Webinar: Basic Bookkeeping for Non-Accountants
May 14 - May 15, 2026

Live Webinar: How to analyze Financial Statements Accounting for Correct Business Decision Making?
May 20 - May 21, 2026

Live Webinar on Ph Payroll Computations and Taxation
May 21 - May 22, 2026

Live Webinar: BIR Examination: Their Procedures and Our Defenses
May 26 - May 27, 2026

Live Webinar: Winning BIR Tax Assessments Series: Process, Remedies & Writing Effective Protest
May 28 - May 29, 2026

Live Webinar: Value Added Tax: In and Out
Contact Us
Updates

Revenue Regulations No. 003-2026

Revenue Memorandum Circular No. 031-2026

Revenue Memorandum Circular No. 030-2026

Revenue Regulations No. 002-2026

Revenue Memorandum Circular No. 020 – 2026
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Contact Us

Tax and Accounting Center,. Inc.
3/F Torres-Olivia Building, Kalibo, Aklan

Phone :
(02) 5310-2239

Mobile :
Smart: 0939-916-2952
Globe: 0967-497-4989

Email : info@taxacctgcenter.ph

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G. Pagaspas Partners & Co. CPAs

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