Father Saturnino Urios University

ACCOUNTANCY PROGRAM
Course Syllabus

I. Course Code : TAX 401

II. Course Title : Income Taxation
III. Course Description :

This introductory Taxation course is primarily concerned with income taxation. The objective is to develop a working knowledge of the basic principles and rules of
the income as these apply to individuals, partnerships and corporations. It covers an overview of the national tax system, and the income taxation of employees and
unincorporated businesses and incorporated businesses. It provides the students with knowledge of the capital gains tax, final tax on certain passive income, and the year-
end tax. In income tax, the normal tax, and the improperly accumulated profits tax of corporations and withholding taxes. Tax forms are provided for specific topics
discussed.

IV. Course Outcomes :

Upon completion of this course, the students will be able to:

A. Cognitive
1. Visualize the Philippine Tax System – its governing principles, rules, doctrines and laws, and schemes of collection;
2. Describe the different classes of taxpayers, whether individual or corporate, and their tax situs;
3. Determine the different types of incomes and their tax treatments, situs and corresponding tax rates based on NIRC provisions and BIR rulings;
4. Classify deductible and non-deductible items which are in adherence to legal provisions and BIR’s mandates;
5. Apply various legal provisions and income tax rulings on tax cases pertaining to the filing and payment of income taxes;

B. Psychomotor
1. Compute income taxes, penalties, interest and surcharges;
2. Prepare manual BIR Forms 1700, 1701 and 1702;
3. File income tax returns using an EBIR Forms application software for different classes of taxpayers.

C. Affective
1. Comply with the statutory requirements and BIR regulations particularly on income taxation;
2. Advocate to the government’s duty to assess and collect correct taxes from the taxpayer for the government’s revenue raising; and
3. Support the taxpayer’s rights to due process, protest and refund of erroneous or overpayment of taxes.

V. Duration/Credits : Three (3) units

VI. Pre-requisite/Co-requisite : Fundamentals of Accounting, Part II
VII. Content Outline :
 Institutional/
Program Instructional Date/ Teaching Learning Assessment Remarks
Learning Graduate Topics/Content Materials/ Schedule Activities Tasks
Outcome Attributes and References
Outcomes

At the end of the

lesson, the
students will be
able to:
1. Visualize the IGA 11. 1. Principles of taxation and its Multi-media First Session:
overview of Critically and remedies (PowerPoint 1. Class Orientation 1. Introduction of 1. Class
the Philippine creatively a. Nature, scope, classification and presentation) 2. Giving of selves participation
tax system; discerning essential characteristics assignment 2. Orientation about
b. Principles of a sound tax system Hand-outs (Read Chapter 1) the subject
2. Explain IGO 21. c. Limitations of the power of
various Exhibit taxation Case study material Second Session:
principles and competence in d. Differences between taxation 1. Lecture on 1. Game: Pictionary 1. Group Done.
theories knowledge and and police power References: General Participation Outputs on
governing the skills in their e. Differences between taxation Principles case study
Philippine tax various and eminent domain National Internal 2. Multi-media 2. Diagram- are compiled
system; professions. f. Similarities among taxation, Revenue Code presentation on making/mappin in a folder
police power and eminent the overview of g of the (soft copy file
3. Evaluate the domain Income Taxation Philippine Tax Philippine Tax only.)
similarities g. Sites/place of taxation Books of Banggawan system system
and PGO 2. h. Double taxation (direct and (2017 Edition)
differences of Exhibit indirect) 2. Giving of hand- 3. Short lecture on 3. Short Quiz
the three academic i. Different Taxes (essential Income Taxation outs for the different taxes
inherent proficiency and characteristics, classification, tax Books of Roxas and different taxes,
powers of the professional vs. other charges (toll, special Valencia (2017 and escapes of 4. Short Debate: 4. Oral
State; competence in assessment, license fee, debt) Edition) taxation. Importance of Participation
both domestic j. Tax evasion vs. tax avoidance Taxes
4. Summarize and global Supporting
different taxes market Reference Books
and tax situs, competition. (See items below.) 3. Giving of 4. Case study on tax 5. Collaborative
and escapes assignment evasion tax inputs and oral
from taxation; PGO 6. research on tax avoidance, and participation
and Demonstrate avoidance and double taxation
the URIAN core tax evasion, and 6. Case Study
5. Criticize the values and double taxation. Analysis to be
moral, legal God- submitted to my
and ethical centeredness in e-mail.
consequence all their
 s of non- professional
payment of dealings.
tax.

At the end of the

lesson, the
students will be
able to:
1. Elaborate the IGA 7.
powers and Ethically- 2. Powers and Authority of the Hand-outs Third Session:
authority of oriented. Commissioner of Internal Revenue 1. Research on 1. Research 1. Research or Output:
the under Section 4 to 7, Title 1 of the CIR’s power and assignment is Case Compilation
Commissioner IGO 15. Tax Code authority. given beforehand Assignment of BIR
of Internal Advocate prior to this day. Rulings
Revenue; and transparency,
accountability 3. Authority of the Commissioner to References: 2. Lecture on the 2. Game/Activity: 2. Active
2. Demonstrate and good Compromise Tax Payments, Abate National Internal Powers and Charades participation
the ethical governance. or Cancel Tax Liability and Refund or Revenue Code Authority of the
consideration Credit Taxes CIR. 3. Short Lecture 3. Short Quiz
s in the BIR website
exercise of PGO 6. (www.bir.gov.ph) 4. Case Study:
the Demonstrate Role playing on 4. Written Case
Commissioner the URIAN core the CIR’s power Study
’s authority. values and and authority
God-
centeredness in 3. Giving of
all their assignment:
professional Research on Tax
dealings. Remedies.

At the end of the

lesson, the
students will be
able to:
1. Identify IGA 7. 4. Tax Remedies Hand-outs for Fourth Session:
different tax Ethically- a. Remedies of the government Summary 1. Collecting of 1. Research on NIRC 1. Compilation of Done. Online
remedies oriented. (State): Administrative and assignments. provisions and BIR research and quiz is stored
available to Judicial Actions rulings concerning case analysis in a file
the IGA 12. Multi-media tax remedies offline.
government Professionally i. Assessment presentation for available to the
and the Accountable. 1. 3-year prescriptive period Lecture government and
taxpayer; 2. 10-year prescriptive period the taxpayer, and
 3. Taxpayer waived his rights prescriptive
2. Illustrate each IGO 15. 4. Judicial actions against periods of these
remedy Advocate non-compliant taxpayers Online Quiz (Class remedies
available to transparency, Maker)
the accountability ii. Collection www.classmaker.com 2. Research on
government and good 1. 5-year prescriptive cases involving
and the governance. collection period distraint, levy,
taxpayer; 2. 3-year and 10-year assessment and
IGO 24. collection period if without collection, protest
3. Construct a Exercise assessment References: and tax refund,
map or a professional 3. Taxpayer waived his right National Internal and civil and
summary on accountability over prescriptive periods Revenue Code criminal suits.
administrative and 4. Distraint: Actual and
and judicial responsibility Constructive BIR Rulings 2. Giving of hand- 3. Multi-media 2. Participation,
remedies, 5. Levy outs presentation on point system
including IGO 25. 6. Garnishment Income Taxation tax remedies
those Demonstrate 7. Tax Lien Books of Banggawan 3. Short Quiz
remedies the ability to 8. Foreclosure (2017 Edition) 3. Collaborative 4. Short lecture
which are make positive 9. OPLAN Kandado discussion on
common to contribution to 10. Run After Tax Evaders Income Taxation Tax Remedies
the society through (RATE) Program Books of Roxas and 5. Board work 4. Board Quiz
government generation, 11. Run After the Smugglers Valencia (2017 (Application of
and the integration, (RATS) Program Edition) the prescriptive
taxpayer; and development 12. Judicial actions against rules)
and organizing non-compliant taxpayers Supporting
4. Integrate creative work in Reference Books
allowable their fields of b. Remedies of the taxpayer: (See items below.) 4. Tax Jeopardy 6. As a 5. Scores from the
maximum and specialization Administrative and Judicial (Classroom reinforcement, a Game
prescriptive remedies Game) classroom game is
periods in the done – Tax
tax i. Protest Jeopardy. It is a
assessment, PGO 2. Exhibit 1. 15-day to answer notice of form of a quiz and
tax collection, academic the BIR a contest where
protest and proficiency and 2. 30-day to protest the class is divided
tax refund. professional 3. 60-day to submit 5. Giving of into three big
competence in documents assignment: groups.
both domestic 4. 180-day to wait for BIR’s Research on Tax
and global actions and decision Compliance
market 5. 30-day to appeal to CTA Requirements
competition. for BIR’s denial
6. 15-day to appeal to
PGO 6. Supreme Court
Demonstrate 7. No protest done makes
 the URIAN core the assessment final and
values and demandable.
God-
centeredness in ii. Refund and Tax Credit
all their 1. 2-year prescriptive period
professional for refund
dealings. 2. Application for refund
3. 5-year expiry period for
refund
4. If not refunded, a tax credit
may be applied in lieu
thereon.
5. 5-year expiry period for
non-using of tax credit
certificate
c. Remedies Common to Both the
Government and the Taxpayers

i. Compromise
1. Grounds for compromise
2. Application for
compromise

ii. Abatement
1. Grounds for abatement
2. Application for abatement

d. Expanded jurisdiction of the

Court Tax Appeals
i. Judicial cases

At the end of the

lesson, the
students will be
able to:
1. Enumerate IGA 7. 5. Compliance Requirements Sample Tax Returns Fifth Session:
tax Ethically-
compliance oriented. a. Administrative requirements eBIR Forms package 1. Presentation of 1. The class is asked 1. Compilation of Done. The
requirements; i. Registration of the business downloadable at the sample sample documentary students are
IGA 11. ii. Issuance of receipts www.bir.gov.ph documentary documentary requirements. asked to
2. Presented the Critically and iii. Printing of receipts requirements requirements. download
 different creatively Electronic Filing and such as receipts, also the
documents discerning b. Attachment to the income tax Payment System certificate of eBIR forms
and returns; return (summary and registration for their own
IGO 15. i. Including CPA certificate, per sample package, (COR) and use as this
3. Illustrate how Advocate NIRC requirement non-downloadable as financial will be used
the tax return transparency, this is an online statements in the final
filing and accountability c. Keeping books of account and system) requirement.
payment is and good records, including report of
done; governance. inventories 2. Discussion on tax 2. Collaborative 2. Oral
References: compliance discussion on Participation
4. Distinguish IGO 21. d. Prescriptive period of books of National Internal requirements different
the manual Exhibit accounts and other accounting Revenue Code compliance
filing and competence in records requirements
electronic knowledge and BIR Rulings
filing of skills in their e. Introduction to 3. Presentation of 3. The teacher 3. Quiz
returns; and various i. Manual filing of returns Income Taxation eBIR and EFPS projects in the
professions. ii. Electronic Filing and Payment Books of Banggawan to the class board a sample
5. Integrate System (EFPS) (2017 Edition) eBIR forms (the
EFPS and iii. Electronic BIR Forms application itself)
eBIR forms in Income Taxation and the EFPS.
the filing of PGO 1. Books of Roxas and
tax returns. Integrate the Valencia (2017 4. Giving of
fundamental Edition) assignment:
knowledge in Research on
business, Supporting Incomes subject
information Reference Books to Income Taxes
technology, (See items below.)
accounting and
finance,
taxation, audit
and commercial
laws in the
actual practice
of the
profession.

PGO 2. Exhibit
academic
proficiency and
professional
competence in
both domestic
and global
 market
competition.

PGO 5. Pioneer
change and
innovation to
promote
environmental
stewardship,
cultural and
social
responsibility,
and economic
development in
the
performance of
the profession.

PGO 6.
Demonstrate
the URIAN core
values and
God-
centeredness in
all their
professional
dealings.

At the end of the

lesson, the
students will be
able to:
1. Visualize the IGA 12. 6. Introduction to Different Income Hand-outs for Sixth Session:
income tax Professionally Taxes summary 1. Lecture and 1. Collaborative 1. Group activity Done.
pattern for Accountable. a. Income Tax on Individuals discussion discussion and
individuals (Tabular Tax) peer teaching
and i. Tax on Compensation References:
corporations, IGO 24. Incomes National Internal 2. Mapping 2. Mapping of 2. Oral recitation
including Exercise 1. Salary and wages Revenue Code different Incomes
special professional 2. Honoraria 3. Board work and their taxation
taxpayers and accountability 3. 13th Month pay and BIR Rulings treatments.
special and other bonuses and
corporations; responsibility benefits Income Taxation
 4. De Minimis and Fringe Books of Banggawan
2. Apply the Benefits (2017 Edition 1. Quiz 3. Multiple Choice 3. Results of the
provisions of PGO 1. 5. Allowances Quiz on Incomes quiz
NIRC and BIR Integrate the 6. Separation Pay Income Taxation 2. Reminders
rulings in fundamental 7. Retirement Pay Books of Roxas and before the
computing knowledge in 8. Tips and Gratuities Valencia (2017 preliminary
income taxes business, Edition) exam.
and resolving information ii. Tax on Business and
tax cases; technology, Professional Incomes Supporting 3. Giving of
accounting and (Tabular Tax) Reference Books assignment:
3. Analyze the finance, 1. Computation of Income (See items below.) Research on
different taxation, audit from Business and specific taxes on
sources of and commercial Professional Services each income
income and laws in the 2. Professional Incomes of (after preliminary
their actual practice Job Order personnel exam).
corresponding of the
tax treatment profession. iii. Tax on Passive Incomes
per NIRC and 1. Interest Incomes on
BIR ruling; PGO 2. Exhibit Peso Deposits
and academic 2. Prizes and Exemption
proficiency and 3. Winnings and Exemption
professional 4. Royalties from invention,
competence in franchise and mining
both domestic 5. Royalties from books
and global and literary compositions
market 6. Dividend incomes (cash,
competition. property, scrip,
liquidating and stock)
PGO 3. from DC, RFC and
Become NRFC
adaptable, 7. Interest incomes on
dynamic, Foreign Currency
independent, Deposits.
and credible
professional iv. Tax on Capital Gains
who exhibits 1. Gains on sale of shares
interpersonal of stocks not traded and
and leadership directly to buyer (outside
skills in the Local Stock Exchange)
workplace of 2. Sale of Real Property
their not used in business
employment
b. Income Tax on Corporate
 Taxpayers (Corporate Tax)
i. Business Incomes
ii. Passive Incomes
PRELIMINARY EXAMINATION

At the end of the

lesson, the
students will be
able to:
1. Illustrate the IGA 11. 7. Final Taxes and Capital Gains Hand-outs for Seventh Session:
different tax Critically and a. Passive Income subject to final summary 1. Lecture and 1. Game: Pictionary 1. Participation in Done.
treatment of Creatively tax discussion on the discussion
passive Discerning i. 20% - Interest, Prizes and final taxes and Output are
incomes and Winnings, royalties on References: capital gains kept by the
capital gains; IGA 12. franchise, mining and National Internal 2. Multi-media 2. Designing a students for
Professionally inventions Revenue Code presentation/ Matrix their own
2. Outline Accountable. ii. 10% - Royalties on books Lecture summarizing use.
income items and literary compositions, BIR Rulings the tax However, a
which are PGO 1. and dividends 3. Mapping on the treatment for soft copy of
subject to final Integrate the iii. 7.5% - interest on foreign Income Taxation board the different passive their output
tax, creditable fundamental currency deposits Books of Banggawan 2. Seatwork (by- income taxes (final incomes and is submitted
withholding knowledge in iv. Exemption of Long-term (2017 Edition pair) taxes) on passive capital gains. via
tax, and business, Deposits incomes. Facebook
capital gains information v. Pre-Termination of Long- Income Taxation group.
tax; technology, Term deposits Books of Roxas and
accounting and Valencia (2017
3. Analyze finance, b. Capital Gains subject to final tax Edition) 4. Seatwork (by-pair)
incomes not taxation, audit i. 6% - capital gains tax on to facilitate peer-
subjected to and commercial sale of real properties held Supporting teaching
final taxes, laws in the as capital asset, and Reference Books
which are actual practice applicable (See items below.) Eight Session:
added to of the ii. Documentary stamp tax (P 3. Lecture and 5. Mapping on the
gross income profession. 15.00 per P 1,000.00 tax discussion on board the different
subject to base) capital gains income taxes (final
normal tax; PGO 2. Exhibit iii. Exemptions from capital taxes) capital
and academic gains tax gains
proficiency and iv. 5% and 10% - Capital gains
4. Designe a professional tax on sale of shares of 6. Seatwork (by-pair)
matrix competence in stocks not through the local to facilitate peer-
presenting the both domestic exchange teaching
tax treatment and global v. Documentary stamp tax (P
and pattern market 0.75 per P 200 par value)
for passive competition.
 incomes and Ninth Session: 7. Quiz on the topics. 3. Results of the
capital gains. PGO 3. 4. Quiz on Final Tax Quiz
Become and Capital
adaptable, Gains
dynamic,
independent,
and credible
professional
who exhibits
interpersonal
and leadership
skills in the
workplace of
their
employment

At the end of the

lesson, the
students will be
able to:
1. Compare IGA 1. 8. Accounting Periods Hand-Outs for Tenth Session:
different God- a. Calendar Year – for individual Summary 1. Collaborative 1. Peer Teaching. 1. Class Done.
accounting Centeredness. and corporate taxpayers Discussion The students are Participation
periods; b. Fiscal Year – for corporate Multi-Media grouped by three.
IGO 1. taxpayers only Presentation They are given 2. Short Quiz
2. Construct a Make ethical c. Short accounting periods (PowerPoint) words to discuss
pattern on life decisions i. In case of death related to the
short and life actions ii. Newly registered business References: topics. While the
accounting according to iii. Closure of business National Internal one group is
periods and the values and d. Change of Accounting period Revenue Code answering, the
change of principles of i. Calendar to Fiscal Year other groups are
accounting Christian faith ii. Fiscal to Calendar Year BIR Rulings asking questions.
period; or of one’s iii. Fiscal to Another Fiscal
religion. Year Income Taxation 2. Board Work 2. Sample problems 3. Board Work
Books of Banggawan are presented at
3. Explain the IGA 11. 9. Accounting methods (2017 Edition) the board. A
different Critically and i. Cash basis –for services only representative
accounting creatively (income is reported when Income Taxation student is asked to
methods discerning collected) Books of Roxas and answer the
applicable in ii. Accrual basis – for sale of goods Valencia (2017 problem.
income IGA 12. (income is reported when Edition)
taxation; Professionally earned)
Accountable. iii. Installment Method – for dealers Supporting
4. Apply the normally engaged in installment Reference Books
accounting sales and for non-dealers (See items below.) 3. Quiz on the topic. 3. The class are 4. Results of the
methods and IGO 15. subject to 25% threshold given quiz on Quiz
their effect on Advocate (income is reported in proportion accounting period
reporting transparency, to amounts collected) and accounting
incomes for accountability iv. Deferred payment method – for methods.
taxation and good non-dealers who do not qualify
purposes; and governance. installment method (income is
earned in the year of sale even
5. Develop a tax PGO 1. if collected in installment)
avoidance Integrate the v. Lump-sum or outright – for
scheme fundamental lessor (leasehold improvement
based on the knowledge in income is reported when
different business, construction is completed)
accounting information vi. Annual or spread-out method –
methods technology, for lessor (leasehold
used. accounting and improvement income is reported
finance, based on the book value spread
taxation, audit over the remaining years of
and commercial lease contract)
laws in the vii. Percentage of completion
actual practice method – for contractors who
of the normally engage themselves in
profession. construction business
viii. Farming Method (Crop Basis) –
PGO 2. for farmers (income is earned
Exhibit upon harvest)
academic
proficiency and
professional
competence in
both domestic
and global
market
competition.

PGO 6.
Demonstrate
the URIAN core
values and
God-
centeredness in
all their
 professional
dealings.

At the end of the

lesson, the
students will be
able to:
1. Explain the IGA 11. 10. Payment of taxes in installment: Hand-outs for Eleventh Session:
payment Critically and a. Capital gains tax Summary 1. Summary 1. The students are 1. Collaborative Done.
process of creatively b. Tax due exceeds P2,000.00 discussion given hand-outs Learning
tax, its discerning Multi-Media (Mapping) for the summary of
withholding 11. Withholding taxes Presentation the topic.
and IGA 12. a. Compensation
remittance; Professionally b. Expanded or creditable 2. The teacher 2. Situational
Accountable. withholding tax (EWT/CWT) References: presents to the Analysis
2. Compute the c. Final withholding tax (FWT) National Internal class a map of the involving
correct tax IGO 15. d. Withholding tax on government Revenue Code tax payment ethical, legal,
due and Advocate payments process, financial and
payable transparency, BIR Rulings withholding, and economic
including the accountability 12. Additions to Tax additions to tax in implications of
penalties, and good a. Surcharges Income Taxation case of non- non-payment of
surcharges governance. i. 50% - wilful neglect or Books of Banggawan payment, delay or tax.
and interest; fraudulent return (2017 Edition) fraudulent filing
and ii. 25% - simple neglect
PGO 1. Income Taxation 3. The teacher asks
3. Judge the Integrate the b. Interests Books of Roxas and the ethical, legal,
financial, fundamental i. Deficient interest – 20% of Valencia (2017 financial and
legal, knowledge in deficient tax Edition) economic
economic and business, ii. Delinquent interest – 20% of implications of
ethical information the total dues Supporting non-payment of
implications of technology, Reference Books tax.
non-payment accounting and c. Penalties – compromise penalty (See items below.)
of tax. finance, 2. Seatwork (by- 4. The class is given 3. Results of the
taxation, audit pair) a seatwork to seatwork
and commercial practice solving
laws in the the computation of
actual practice tax due and
of the payable.
profession.

PGO 6. 3. Reminders
Demonstrate before Midterm
the URIAN core Exams.
 values and
God-
centeredness in
all their
professional
dealings.
MIDTERM EXAMINATION

At the end of the

lesson, the
students will be
able to:
1. Cite an IGA 11. 13. Fringe Benefits Hand-outs for Twelfth Session:
example of Critically and a. Rank-and-File employee vs. summary 1. Collaborative 1. Collaborative 1. Oral
rank-and-file creatively Managerial and Supervisorial discussion discussion. The Participation
and discerning employee Internet (Facebook students are asked
managerial or b. De minimis benefits group to upload the who they want to
supervisorial IGO 15. c. Tax Treatment of De Minimis soft copy of the work for after they
employee; Advocate Benefits discussed topics) become CPA’s,
transparency, d. Fringe benefits other than de the position and
2. Categorize accountability minimis the benefits they
the different and good i. Personal and Real Properties References: desire.
de minimis governance. where the title is transferred National Internal
benefits given ii. Personal and Real Properties Revenue Code 2. The teacher
to employees, where only the usufruct is identifies the two
and their tax PGO 1. transferred. Labor Laws broad
treatment; Integrate the iii. Cash benefits classifications:
and fundamental iv. Groceries BIR Rulings Rank-and-File and
knowledge in v. Education and Travel the Managerial
3. Apply the business, vi. Interest Income Taxation and/or
taxation information e. Tax Treatment of Fringe Benefits Books of Banggawan Supervisorial
treatment of technology, given to Rank-and-File (2017 Edition) Employee.
fringe benefits accounting and f. Tax Treatment of Fringe Benefits
other than the finance, given to Managers and Income Taxation 3. The teacher asks
de minimis; taxation, audit Supervisorial Employees Books of Roxas and the students the
and and commercial i. 32% if received by RC, NRC, Valencia (2017 benefits received
laws in the RA and NRAETB Edition) by the employees.
actual practice ii. 25% if received by
of the NRANETB Supporting 4. Lecture on de
profession. iii. 15% if received by Special Reference Books minimis and fringe
Filipino Taxpayer – those (See items below.) benefits.
PGO 2. who are employed with
Exhibit MNCs with ROH or RAH. 5. The teacher
 academic presents the
proficiency and summary of tax
professional treatment for fringe
competence in benefits and the
both domestic exemption rules.
and global
market 2. Board Work 6. To reinforce, the 2. Participation
competition. teacher gives a
sample problem
on the board and
call for students to
answer.

3. Seatwork (by- 3. Results of the

paper) seatwork

4. Assignment:
Collection of
Sample
Documents for
next meetings
discussion.

At the end of the

lesson, the
students will be
able to:
1. Internalize the IGA 12. 14. Exclusions from Gross Income Sample Source Thirteenth Session:
importance of Professionally Documents (Official 1. Presentation and 1. The students 1. Presentation Done.
substantiation Accountable. 15. Deductions from Gross Income Receipts) submission of present their and oral
requirements a. Optional standard Deduction Sample Source sample source participation Output:
in itemized IGO 25. i. 40% of the Gross Sales or Hand-outs for Documents. documents.
claiming Demonstrate Receipts if claimed by an Summary Compiled
deductions; the ability to individual taxpayer (RC, 2. Introduction to source
make positive NRC, & RA) PowerPoint items excluded documents
2. Develop a contribution to ii. 40% of the Gross Income if Presentation and deducted from
mnemonic for society through claimed by a corporation (DC gross income.
itemized generation, & RC)
deductions; integration, b. Itemized Deduction References: 2. Lecture on OSD 3. Multi-media 2. Participation,
and development i. Expenses National Internal and Itemized presentation of the developing
and organizing ii. Interest Revenue Code Deductions rules and mnemonics
3. Compute total creative work in iii. Taxes requirements for
deductible their fields of iv. Losses BIR Rulings itemized
items from specialization v. Bad Debts deductions
gross income. vi. Depreciation Income Taxation
IGO 26. vii. Depletion Books of Banggawan 3. Seat work 4. Seat work by-pair 3. Graded
Share viii. Charitable Contribution (2017 Edition) seatwork
expertise, time ix. Research and Development
and resources Cost Income Taxation Fourteenth Session:
to help people x. Pensions and Trust Books of Roxas and 1. Quiz 5. Multiple Choice 4. Results on the
lead a Valencia (2017 Quiz on Quiz
productive and c. Items not deductible Edition) Exclusions and
meaningful life. d. Substantiation Requirements Deductions
Supporting
Reference Books 2. Assignment
PGO 1. (See items below.)
Integrate the
fundamental
knowledge in
business,
information
technology,
accounting and
finance,
taxation, audit
and commercial
laws in the
actual practice
of the
profession.

PGO 2.
Exhibit
academic
proficiency and
professional
competence in
both domestic
and global
market
competition.

PGO 6.
Demonstrate
the URIAN core
values and
 God-
centeredness in
all their
professional
dealings.

At the end of the

lesson, the
students will be
able to:
1. Distinguish IGA 12. 16. Taxpayer and tax base Case study for Fifteenth Session:
the different Professionally a. Individual Taxpayers claiming exemptions 1. Lecture 1. Mapping 1. Written Matrix
classes of Accountable. i. Classification presentation of
taxpayers, 1. Resident Citizen Hand-outs for Taxpayers
their taxability IGO 25. 2. Non-resident Citizen summary
and tax situs; Demonstrate 3. Resident Alien 2. PowerPoint 2. Collaborative 2. Oral
the ability to 4. Non-resident Alien Multi-media Presentation discussion on the Participation
2. Criticize the make positive Engaged in Trade or presentation topics.
basic contribution to Business
exemption society through 5. Non-resident Alien Not 3. Case study and 3. Case study on 3. Written Article
rules; generation, Engaged in Trade or References: Article writing exemptions. The
integration, Business National Internal students are given
3. Relate the development Revenue Code 4. Seatwork a case and they
exemption and organizing ii. Exemptions are expected to
rules to a real- creative work in 1. Basic Personal Family Code make an article
world their fields of Exemption
scenario; specialization 2. Additional personal BIR Rulings
3. Premiums on Health and 5. Announcement 4. The students are 4. Working Paper
4. Resolve IGO 26. Hospitalization Insurance Income Taxation for Course grouped in a size
cases on Share 4. Mandatory exemptions Books of Banggawan Requirement with 4 members.
claiming expertise, time (2017 Edition) Assignment They will be given
exemptions; and resources iii. Schedular Tax (5% - 32%) sample
and to help people iv. Tax on special taxpayers Income Taxation comprehensive
lead a (15%) Books of Roxas and problem for tax
5. Compute productive and Valencia (2017 computation
income tax meaningful life. Edition) (Course Output
dues for 1)
individual PGO 1. Supporting
taxpayers. Integrate the Reference Books Sixteenth Session:
fundamental (See items below.) 1. Quiz on the Topic 5. Apart from the 5. Results on the
knowledge in course Quiz
business, requirement, the
 information class will have a
technology, quiz.
accounting and
finance,
taxation, audit
and commercial
laws in the
actual practice
of the
profession.

PGO 2.
Exhibit
academic
proficiency and
professional
competence in
both domestic
and global
market
competition.

PGO 6.
Demonstrate
the URIAN core
values and
God-
centeredness in
all their
professional
dealings.

SEMI-FINAL EXAMINATION

At the end of the

lesson, the
students will be
able to:
1. Design a IGA 12. 17. Corporate Taxpayers: Multi-media Seventeenth
summary for Professionally a. Classification PowerPoint Session:
income Accountable. i. Domestic Corporations 1. Multi-media 1. Lecture and 1. Participation
 taxation for ii. Resident Foreign BIR Rulings presentation collaborative
corporation; IGO 25. Corporations discussion. The
Demonstrate iii. Non-resident Foreign Hand-outs for teacher facilitates
2. Synthesize the ability to Corporations summary 2. Giving of Hand- the discussion
tax treatment make positive iv. Partnerships outs first. Then hand-
for all contribution to v. Joint Ventures and Joint References: outs are provided
incomes society through Accounts National Internal to students
earned by generation, vi. Associations Revenue Code
corporation; integration, 3. Assignment: BIR 2. Group and peer 2. Matrix Output
development b. Exempted Corporations BIR Rulings Rulings discussion. The
3. Support and organizing i. Cooperatives students
exempted and creative work in ii. Religious, Charitable, and Income Taxation discussed within
special their fields of Educational Non-stock non- Books of Banggawan themselves the
corporate specialization profit corporations (2017 Edition) topic. They will be
taxpayers with iii. PEZA-registered tasked to design a
legal IGO 26. corporations Income Taxation matrix
references Share iv. Barangay Micro Business Books of Roxas and incorporating all
and rulings; expertise, time Enterprises Valencia (2017 they have learned
and and resources v. BOI-registered enterprises Edition) in income taxation
to help people for corporate
4. Compute lead a c. Income taxes Supporting taxpayers with a
corporate productive and i. Normal Corporate Income Reference Books corresponding
taxes in an meaningful life. Tax (30% (See items below.) legal basis and
actual ii. Minimum Corporate Income BIR rulings
taxation PGO 1. Tax (2%)
problems. Integrate the iii. Gross Income Tax (15%) 4. Seatwork 3. The students will 3. Results on the
fundamental iv. Improperly Accumulated be given a quiz.
knowledge in Earnings Tax (10%) seatwork (by-pair)
business, to apply their
information d. Special Topics learnings in the
technology, i. Special Corporations computation of
accounting and 1. 10% PEIs, banks, ROH corporate tax.
finance, 2. 7.5% lessor of aircraft
taxation, audit 3. 4.5% lessor of vessels
and commercial 4. 2.5% international
laws in the shipping and air carrier
actual practice 5. 25% lessor of
of the cinematographic films
profession. ii. Partnerships
1. General Professional
PGO 2. Partnership (exempted)
Exhibit 2. Business Partnership
academic iii. Estates and trusts
 proficiency and
professional
competence in
both domestic
and global
market
competition.

PGO 6.
Demonstrate
the URIAN core
values and
God-
centeredness in
all their
professional
dealings.

At the end of the

lesson, the
students will be
able to:
1. Identify IGA 12. 18. Other Topics Field Study Eighteenth Session:
compliance Professionally a. Special Regulations applicable 1. Field Emersion 1. Emersion. On-site 1. Summary
requirements Accountable. to group of companies Guide and Interview observation and findings for
for business b. Minimizing and deferring tax questionnaire inquiry (BIR) administrative
in accordance IGO 1. liabilities requirements
with the Make ethical c. Purchases and sales of a Online visit 2. Article Writing
Bureau of life decisions company’s own shares (www.bir.gov.ph) 2. Group research. 2. Working Paper
Internal and life actions d. Tax effects of the acquisition and Inquiry with tax
Revenue according to sales of companies owned practitioners.
guidelines; the values and References: Compilation of all
principles of National Internal pertinent research
2. Document Christian faith Revenue Code papers, including
actual or of one’s an evaluation
practices with religion. BIR Rulings paper on taxation
regards to the theories and
BIR’s Income Taxation practices. (Course
compliance IGO 26. Books of Banggawan Output 2)
requirements; Share (2017 Edition)
expertise, time
3. Apply special and resources Income Taxation
laws and to help people Books of Roxas and
 regulations to lead a Valencia (2017
specific productive and Edition)
taxpayers; meaningful life.
Supporting
4. Compare the PGO 1. Reference Books
theories Integrate the (See items below.)
previously fundamental
discussed and knowledge in
the actual business,
practices in information
income technology,
taxation. accounting and
finance,
taxation, audit
and commercial
laws in the
actual practice
of the
profession.

PGO 5.
Pioneer change
and innovation
to promote
environmental
stewardship,
cultural and
social
responsibility,
and economic
development in
the
performance of
the profession.

At the end of the

lesson, the
students will be
able to:
1. Prepare an IGA 12. 19. Preparation of Income Tax Returns EBIR Forms Nineteenth Session:
income tax Professionally using EBIR FORMS 1. Giving of 1. Group Discussion 1. Income Tax
return Accountable. Simulated Case simulated Case and Peer Returns
individual and 20. Substantiation with Legal Problem for Filing Problem for Filing Teaching submitted in
 corporate IGO 25. References (Course Output triplicate copy
taxpayers Demonstrate Source documents 3) with
using eBIR the ability to 21. Reconciliation of Accounting Income and applicable NIRC reconciliation
FORMS; make positive and Income Tax Base provisions and BIR 2. Announcement 2. Actual preparation statement and
contribution to rulings for Deadlines of Income tax substantiation
6. Substantiate society through Returns of legal
the generation, References: references
preparation of integration, National Internal 3. Reconciliation of
income tax development Revenue Code Accounting
returns; and and organizing Income and
creative work in BIR Rulings Taxable Income
7. Reconcile their fields of
accounting specialization Income Taxation
income and Books of Banggawan
taxable IGO 26. (2017 Edition)
income (IFRS Share
vs. NIRC). expertise, time Income Taxation
and resources Books of Roxas and
to help people Valencia (2017
lead a Edition)
productive and
meaningful life. Supporting
Reference Books
PGO 1. (See items below.)
Integrate the
fundamental
knowledge in
business,
information
technology,
accounting and
finance,
taxation, audit
and commercial
laws in the
actual practice
of the
profession.

PGO 2.
Exhibit
academic
proficiency and
 professional
competence in
both domestic
and global
market
competition.

PGO 6.
Demonstrate
the URIAN core
values and
God-
centeredness in
all their
professional
dealings.

FINAL EXAMINATION

VIII. Course Requirements : Compilation of all researches, source documents, case studies, ITR’s and Summary findings and Reaction Papers

IX. Grading System : 40% Class work & 60% Summative Examination. First part of the Semester (Prelim to Midterm), 1/3; second part
(Semi-final to Final), 2/3 of the Final Grade Computation.

X. Required Textbook : Banggawan, R. B. (2018). Income Taxation, Laws, Principles and Applications. OBE Edition. Manila. Real Excellence
Publishing.
XI. References :
1. Aban, B. (2001). Law of Basic Taxation in the Philippines. Manila. Philippine Graphic Arts, Inc.

2. Ampongan, O.G. (2012). Income Taxation with Principles and Remedies. Manila: Conanan Educational Supply.

3. Ballada, S. and W. Ballada. (2013). Income Taxation. Manila: DomDane Publishers.

4. De Leon, H.S. and H.M. De Leon, Jr. (2009). Fundamentals of Taxation. Manila: Rex Book Store, Inc.

5. De Leon, H.S. and H.M. De Leon, Jr. (2009). The Law on Income Taxation. Manila: Rex Book Store, Inc.

6. De Vera, J.L.A. (2011). Quicknotes Taxation.Manila: GIC Enterprises & Co., Inc.

7. Domondon, A.T. (2009) Taxation Volume I General Principles. Manila: GIC Enterprises & Co., Inc.
 8. Domondon, A.T. (2009) Taxation Volume II Income Taxation. Manila: GIC Enterprises & Co., Inc.

9. Reyes, V.D. (2012). The New Income Tax Law and Accounting. Philippines.

10. Reyes, V.D. (2012). Reviewer in Taxation. Philippines.

11. Reyes, V.D. (2012). The New Quizzer in Taxation. Philippines.

12. Valencia, E.G. and G.F. Roxas. (2013). INCOME TAXATION Principles and Laws with Accounting Application. Baguio City: Valencia

Educational Supply.

13. National Internal Revenue Code (NIRC)

14. Other Laws and Special Laws (Labor Law, Family Code, Senior Citizens Act, Retirement Benefits Act, Omnibus Investment Code, Special Economic Zone

Act, Local Government Code, and Law on Barangay Micro Business Enterprises)

15. Republic Act 10963 otherwise known as the Tax Reform Acceleration and Inclusion Law

16. www.bir.gov.ph

17. www.chanrobles.com

18. www.dole.gov.ph

19. www.lawphil.net

Date Revised: March 4, 2019

Effectivity: SY 2019 – 2020

Prepared by: Approved by:

JISRYL H. RAZ, CPA , MSAIA DR. EVANGELINE P. JAMILI, CPA

Instructor Dean of Accountancy