Description

OBJECTIVES

After the seminar, the participants should be able to:

• Identify the specific BIR rules and regulations in preparing tax returns
• Determine the assessment procedures conducted by the BIR
• Know the current techniques used by BIR in tax audit and investigation
• Familiarize with tax remedies and tax management of taxes.

COURSE CONTENT

I. Revised Schedule of Compromise Penalty

II. Violations in Bookkeeping Rules and Regulations

III. Registration Requirements

IV. Keeping of Books of Accounts

V. Preservation of Books of Accounts and Other Accounting Records

VI. Printing of Receipts or Commercial or Sales Invoices

VII. Machine Control Specifications Features
a. For Cash Register Machines
b. For POS Machines

VIII. Reporting Of Monthly Sales

IX. Deductible Expense

X. Itemized Deduction

XI. Expenses In General

XII. Minimum Corporate Income Tax

a. Minimum Corporate Income Tax on Domestic Corporations Imposition of Tax
b. Carry Forward of Excess Minimum Tax Minimum Corporate Income Tax (MCIT) on Resident Foreign Corporation

XIII. Withholding Tax Violations

XIV. Duties & Obligation of a Withholding Agent

XV. Value Added Tax Violations

XVI. Requirements on Input Tax

XVII. Invoicing Requirements