Event Details

To be an effective accountant and/or external auditor, one must be knowledgeable on Income as well as Business Taxation. The amendments in the tax laws and their implementing revenue regulations during the past few years make it imperative for accounting practitioners to study the basic provisions of the National Internal Revenue Code on Business Taxation as amended.

Aug 17, 2019

8 AM - 5:30 PM

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National Office, PICPA Building
700 Shaw Boulevard
Mandaluyong, Metro Manila, Philippines

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Agenda

  • 8 AM - 12 PMSESSION I
    • The kinds of business Taxpayers

    • The general principles of Value Added Taxation

    • The Output Tax - Input Tax Concept

    • Vatable transactions (transactions subject to VAT)

    • Exempt transactions

    • Zero-rated Transactions

    • Rules and substantiation of allowable Input taxes

    • Mechanics in computing VAT for sale to Private Sector

    • Mechanics in computation and withholding of VAT on government transactions
    12 PM - 1 PMLUNCH BREAK
    1 PM - 5:30 PMSESSION II
    • Filing of VAT returns and payment of VAT

    • What is effective VAT rate?

    • Remittance of 5% FVW by Government Withholding Agents

    • Remittance of 12%FVW paid to Non-resident supplier of Services

    • Percentage Taxes Taxpayers

    • Percentage Tax Rates

    • Filing of Percentage Tax Returns and payment of Tax

    • Special issues on VAT and Percentage Taxes

Speakers

  • EM

    Eric J. Magcale

Tickets

Seminar Fee

Registration Fee for Members in Good Standing
Amount is inclusive of VAT

Primary Member Price ₱1,680
Seminar Fee

Registration Fee for Members NOT in Good Standing and Non-Members
Amount is inclusive of VAT

₱2,240
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