Business Taxation Made Easy
Focus: withholding tax computation, income taxation seminar, taxation system, tax seminar
TIME: 9:00 am – 4:00 pm (2 day-session)
VENUE: Unit 201 Richbelt Tower, 17 Annapolis St., Greenhills, San Juan City, Metro Manila
SCHEDULE: Please call (02) 8727.88.60 / (02) 8727.56.28 or call/text mobile numbers 0926.622.0768 or 0933.584.7266. You may also click here to view schedule of the Training Program
1. Basic understanding of Philippine Taxation relevant to business.
2. Familiarity with BIR Tax Return and Deadlines.
3. Computation of business and income tax payable.
4. Recognize the difference between tax evasion versus tax avoidance.
I. Fundamentals of 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 of 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
XIV. Workshop – please bring a calculator
BIR forms to be used in the seminar:
1. BIR Form 1901 – Application for Registration for Self-Employed and Mixed Income Individuals, Estates/Trusts
2. BIR Form 1902 – Application for Registration for Individuals Earning Purely Compensation Income, and Non-Resident Citizens/OCWs/Seamen Earning Purely Foreign-Sourced Income
3. BIR Form 1903 – Application for Registration for Corporations/ Partnerships (Taxable/Non-Taxable)
4. BIR Form 1904 – Application for Registration for One-Time Taxpayer and Persons Registering under E.O. 98
5. BIR Form 1905 – Application for Registration Information Update for Updating / Cancellation of Registration / Cancellation of TIN / New Copy of TIN card / New copy of Certificate of Registration
6. BIR Form 1906 – Application for Authority to Print Receipts and Invoices
7. BIR Form 1907 – Application for Permit to Use Cash Register machines/Point-of-Sale Machine
8. BIR Form 1601C – Monthly Remittance Return of Income Taxes Withheld on Compensation
9. BIR Form 1601E – Monthly Remittance Return of Creditable Income Taxes Withheld (Expanded)
10. BIR Form 1604CF – Annual Information Return of Income Tax Withheld on Compensation and Final Withholding Taxes
11. BIR Form 2316 – Certificate of Compensation Payment / Tax Withheld For Compensation Payment With or Without Tax Withheld
12. BIR Form 2550M – Monthly Value-Added Tax Declaration
13. BIR Form 2550Q – Quarterly Value-Added Tax Return
14. BIR Form 2551M – Monthly Percentage Tax Return (Except Transactions Involving Shares of Stock Listed and Traded Through the Local Stock Exchange, and Percentage Tax Payable Under Special Laws)
15. BIR Form 1701 – Annual Income Tax Return for Self-Employed Individuals, Estates and Trusts (Including those with both Business and Compensation Income)
16. BIR Form 1702 – Annual Income Tax Return for Corporation, Partnership and Other Non-Individual Taxpayer
17. BIR Form 1701Q – Quarterly Income Tax Return for Self-employed Individuals, Estates, and Trusts (Including those with both Business and Compensation Income)
18. BIR Form 1702Q – Quarterly Income Tax Return for Corporations and Partnerships
19. BIR Form 1600 – Monthly Remittance Return of Value-Added Tax and Other Percentage Taxes Withheld
20. BIR Form 2303 – Certificate of Registration
SEMINAR FEE: Php 7,000 per person (inclusive of snacks, lunch, drinks, seminar kit, handouts, certificate of attendance)
DISCOUNT: Php 1,000.00 Discount if FULL AMOUNT is paid at least five (5) banking days before the event.
MODE OF PAYMENT:
- Deposit payment at Banco de Oro. FAX deposit slip (indicate name of participant and seminar title) to confirm reservation.
- On-site payment (CASH only)
- Company checks are accepted, provided that they are received at least five (5) banking days before the event.
RESERVATION: Please call telephone (02) 8727.88.60, (02) 8727.56.28, 0926.622.0768 or 0933.584.7266. For other inquiries, kindly leave a message at the comment box below.
CANCELLATION BY ATTENDEE: Registrant may refund amount paid, with less 30% processing charge from the LISTED AMOUNT within 30 days, or opt to use the payment for a seminar of equal value within 60 days. Cancellation must be done at least 2 days before the event. Non-appearance or failure to inform us of cancellation will result to forfeiture of full amount paid.
CANCELLATION BY BUSINESSCOACH: Registrant may refund full amount paid within 30 days, or may opt to use the payment for a seminar of equal value within sixty days of cancellation.
REFUND POLICY: Payment may be refunded upon presentation of the original copy of bank deposit slip and a valid ID. Cash refund is strictly implemented, and may be availed only at the BusinessCoach office in San Juan City, Metro Manila. BusinessCoach does not deposit refunds.
SCHEDULE: Schedule may change without prior notice. Please call to confirm. BusinessCoach, Inc. is not liable for any expense incurred by seminar registrant resulting from cancellation of any of our events.