Bachelor of Science in Accountancy: Program Curriculum Ay 2020 - 2021

BACHELOR OF SCIENCE IN ACCOUNTANCY
PROGRAM CURRICULUM AY 2020 - 2021
Course Title: BUSINESS TAXATION
Course Credit: 3 units
Course Description:
It is a three-unit course is primarily concerned with the business and transfer taxation. The
objective is to develop a working knowledge of the basic principles and rules of the transfer and
business tax system as these apply to certain types of taxpayers. It covers an overview of the basic
succession, the estate and donor’s taxes, which aims to provide the students with knowledge of
the concept of disposition or conveyance of property through succession and donation. On the
other hand, the business taxes cover the consolidated value added tax and percentage taxes only
as these relate to the engagement in trade or business or the practice of profession. Tax forms are
provided for specific topics discussed.
Course Outcomes:
At the end of this course, the learner is expected to:
1. recognize the basic principles and concepts of the transfer tax system;
2. describe the provisions of the law, rules and regulations governing estate and donor’s tax
and the business taxes for individual and non-individual taxpayers in general;
3. discuss the characteristics of succession and donation;
4. demonstrate awareness of the nature of the estate and donor’s taxes and the business taxes;
5. comply with the reportorial requirements of the appropriate government agencies;
6. relate the different tax rates on each taxable estate or donation;
7. manage the filing of the prescribed BIR forms or returns;
8. observe the prescribed periods and deadlines in the filing of the returns and payment of
taxes; and
9. exemplify fortitude, excellence and uprightness through proper reporting of gross
estate/donation and/or allowable deductions and payment of the correct taxes.
Course Outline:
Atlas Compound, Naga Road, Pulanglupa I, Las Piñas City, Philippines 1742
Telephone Numbers: (+632) 543 2663 (+632) 692 1129 Page 1 of 9
Email: albertzaratemd@gmail.com Business Taxation
Week Topic Planned Activities
1 Course Orientation and Policies, Standards, Guidelines (PSG)

Discussion
I. Basic Succession Discussion/
2-3 A. Definition and Basis Recitation of
B. Nature of Transfer Taxes pertinent
C. Kinds of Succession provisions of
D. Elements of Succession the Civil Code
E. Heirs of the
F. Legitime and Free Portion Philippines
G. Table of Legitimes
H. Testacy and Intestacy Quiz
I. Order of Intestate Succession
J. Determination of Blood Relationship Case study
K. Wills
L. Kinds of Wills Preparation
M. Probate of a Will and
N. Foreign Wills submission of
O. Institution of Heir notarial will
P. Causes for Disinheritance
3-4 II. Transfer Taxes Discussion/
A. Estate taxes (RR 2-2003) Recitation of
a. Concept and Nature of Estate Tax Revenue
b. Classification of Decedent Regulations
c. Gross estate No. 2-2003
d. Deductions allowed to estate and the
i. Ordinary deductions corresponding
ii. Special deductions provisions set
forth in the
Tax Code
Quiz
5-6 a. Capital of surviving spouse Discussion/
b. Concept and Nature of Deductions Recitation of
e. Basis of valuation of properties the relevant
f. Real and Personal Property provisions of
iii. Tangible the Family
iv. Intangible (Rule on Reciprocity) Code of the
g. Property relations Philippines
h. Situs of Taxation
Quiz
i. Exemption of certain acquisitions and
transmissions Case analysis
j. Tax credit for estate tax paid to a foreign
country Preparation of
k. Notice of Death applicable BIR
l. Filing of estate tax returns Forms
m. Payment of estate tax
n. BIR Form 1801
o. Attachments to the estate tax return,
including CPA certificate
CODAL REFERENCE: Sections 84 to 97 of the

National Internal Revenue Code
PRELIMINARY EXAMINATIONS
7-8 B. Donor’s tax (RR 2-2003) Discussion/
a. Nature of donation Recitation of
9-10 b. Classifications of Donor Revenue
c. Kinds of Donation Regulations
d. Requisites of a Valid Donation No. 2-2003 in
e. Formalities of Donation relation to
f. Gross gift donation and
g. Deductions from gross gift the Tax Code
11-12 h. Relative vs. Stranger provisions on
i. Exemption of certain gifts donor’s tax
j. Basis of valuation of gifts
k. Void Donations Quiz
l. Tax rates in general and when the donee is
a stranger Preparation
m. Filing of donor’s tax returns, payment and of
requirements (BIR Form 1800)CODAL applicable
REFERENCE: Sections 98 to 104 of the BIR Forms
MIDTERM EXAMINATIONS
III. BUSINESS TAX Discussion/
Recitation of
Concept of Business Tax (Overview) Revenue
Regulations
13
Types of Business Taxes No. 16-2005,
4-2007, et al in
Definition, Nature and Characteristics relation to
Republic Act
A. Value Added Tax (RR 16-2005, 2-2007, 4-2007) No. 8424 as
14-15
a. VAT -subject transactions amended by
b. Sale of goods or properties (actual sales, Republic Act
deemed sales, zero rated sales) No. 9337.
c. Sale of services and lease of properties
(actual sales or lease, zero rated sales) Quiz
d. Importation
e. VAT exempt transactions Preparation of
i. Senior Citizen applicable BIR
f. Input value added taxes Forms
g. Passed-on VAT
h. Transitional VAT input
i. Presumptive VAT input
j. Withholding VAT (creditable and final)
k. Excess VAT input in previous return
l. Refund of VAT input (zero rated sales,
purchase of land and capital goods)
m. Deferred vs. Installment payment
n. Registration and Compliance
o. Effect of Non-Registration
p. Optional registration
q. Cancellation of registration
r. Compliance requirements
i. Invoicing
ii. Returns and payment of value
added tax
iii. Power of the Commissioner to
suspend business
iv. Consequences of erroneous
issuance of VAT official
receipt/invoice

B. Percentage Taxes
16 a. Taxpayer, tax base and tax rates Discussion/
Recitation of
b. Tax on persons exempt from value added Revenue
tax (annual gross sales or receipts do not Regulations
exceed Php 1,919,500.00) No. 16-2005
c. Tax on domestic carrier or international pertaining to
carrier (including exemptions Donor’s tax
d. Tax on franchise
e. Overseas communications tax (including Quiz
exemptions)
f. Tax on banks and non-bank financial
intermediaries performing quasi-banking Preparation of
functions applicable BIR
g. Tax on other non-bank financial Forms
intermediaries
h. Tax on life insurance
i. Tax on agents of foreign insurance
companies
j. Amusement taxes
k. Tax on winnings
l. Stock transaction tax
m. Returns and payment of percentage tax
(regular and electronic filing)
17-18 CODAL REFERENCE: Sections 116 to 128 of the

C. Additions to Tax
a. Surcharges (late filing/payment, wrong
venue, willful neglect, false or fraudulent
returns)
b. Interests (on deficiency, on delinquency, on
extended payments)
c. Compromise penalties, amount to be
specified in the problem
CODAL REFERENCE: Sections 247 to 252 of the Discussion and
recitation of
Revenue
D. Tax Remedies Regulations
a. Remedies of the government No. 12-99, as
b. Definition, scope, prescriptive period amended by
c. Administrative remedies Revenue
i. tax lien Regulations
ii. compromise No. 18-2013
iii. levy
iv. distraint
d. Judicial actions
i. civil
ii. criminal
e. Remedies of the taxpayer
f. Prescriptive periods
g. Waiver of statute of limitations
h. Against an assessment (protest, request for
reinvestigation)
i. Appeal
j. Request for refund or credit of taxes
(recovery of erroneously or illegally
collected taxes, forfeiture of cash refund
and tax credit)
CODAL REFERENCE: Sections 202 to 210, 217 to

224, 228 to 230 of the NIRC
IV. Powers and Authority of the Commissioner of Internal
Revenue
A. Power to Interpret Tax Laws and to Decide Tax

Cases
1.Exclusive and Original Jurisdiction
2.Exclusive Appellate Jurisdiction
B. Power to Obtain Information, and to

Summon/Examine, and Take Testimony of
Persons
1.To Examine Books, Paper, Records
2.To Obtain Information From Any
Person
3.To Summon the Person Liable or Any
Other Person
a. Sub Poena Duces Tecum
b. Sub Poena Ad Testificandum
4.To Take Testimony
5.To Cause Revenue Officers to Make a
Canvass and Make Inquiries Concerning
Persons Liable
C. Power to Make Assessments and Prescribe
Additional Requirements for Tax
Administration and Enforcement
1.To Examine Returns and Determine the
Tax Due
2.Best Evidence Obtainable
3.To Conduct Inventory-taking,
Surveillance and to Prescribe
Presumptive Gross Sales and Receipts
4.To Terminate Taxable Period
5.To Prescribe Real Property Values
6.To Inquire into Bank Deposit Accounts
7.To Accredit and Register Tax Agents
8.To Prescribe Additional Procedural or
Documentary Requirements
D. Authority of the Commissioner to Delegate

Power
Exception: Powers That Cannot Be
Delegated:
1. To recommend the promulgation of
rules and regulations by the Secretary
of Finance
2. To issue rulings of first impression or to
reverse, revoke or modify any existing
ruling
3. To compromise or abate any tax
liability
4. To Assign or Reassign Internal
Revenue Officers

ADDITIONAL READING: Discussion and
recitation of the Local
A. Community Tax (computation of basic, Government Code as
additional and optional community tax for regards the
individuals and corporations and the maximum community tax
amount due)
a. Concept and Nature of Community Tax

b. Classification of Taxpayers Subject to
Community Tax
c. Individuals Exempted from Community
Tax
d. Components of Community Tax
e. Basic Amount
f. Additional and Optional Community Tax
g. Penalties
B. Expanded Jurisdiction of the Court of Tax
Appeals (limited to jurisdiction)
FINAL EXAMINATION
SUBMISSION OF REFLECTION ESSAY
Required Reading (textbook)
Rex B. Banggawan (2015). Business and Transfer Taxation. Baguio City: Real Excellence
Publishing
Suggested Readings and References
Enrico Tabag and Earl Garcia (2014). Transfer and Business Taxation. Manila: Good
Dreams Publishing
Edwin Valencia and Gregorio Roxas (2013-2014). Transfer and Business Taxation. Baguio
City: Valencia Educational Supply
Nick Aduana (2012). Transfer and Business Taxation. Manila: C & E Publishing
Hector de Leon (2013). Transfer and Business Taxation. Manila: Rex Printing Company Inc.
National Internal Revenue Code (Codal) Manila: Rex Printing Company Inc.
Course Requirements
1. Assignments
2. Attendance
3. Class Participation
4. Quizzes
5. Preliminary Exam
6. Midterm Examination
7. Final Examination
Class Policies
Attendance
There are no excused absences. According to the rules of the Commission on Higher
Education, every student is required to attend no less than 80% of all class periods in a given
subject to earn the corresponding units. Twenty percent (20%) of the periods are deemed more
than sufficient to take care of emergencies such as illness or death in the family, and similar
circumstances.
Students are required to attend class punctually and regularly. A student who absents
himself due to illness must submit a physician’s certification of his illness, or if absent for some
reasons, he must present an excuse letter from his parents or guardian.
Any student who accumulates more than the maximum number of absences tolerated in a
given subject disqualifies himself from earning any unit of it, and causes himself to be dropped
automatically from the classes with a final mark of 5.00 (Failure).
Academic Integrity
Anchored on the core values. The School believes that its students, administration,
faculty and staff should demonstrate academic integrity at all times. Academic integrity means
that the members of the entire academic community adhere to the fundamental values of
honesty, hard work, originality, respect and responsibility. Students are expected to always
adhere to the highest standards of academic excellence.
Students are expected to demonstrate beliefs, attitudes and behaviour ‘s associated with
academic honesty. Thus, all acts of academic dishonesty in AZGH are not tolerated. Academic
dishonesty comes largely in two forms: cheating and plagiarism. It is considered a major
offense subject to disciplinary actions if students cheat or plagiarize their work.
Cheating is broadly defined as getting unauthorized help on an assignment, quiz or examination.

The following are considered as acts of cheating:
 Copying from another student during a test or examination, with or without his/her
knowledge;
 Allowing another student to copy his/her work;
 Using unpermitted notes during a test or examination;
 Having in one’s possession written notes or electronic devices during a test or
examination;
 Getting questions or answers from someone else who has already taken a test or
examination;
 Turning in work done by someone else;
 Taking a test or examination for another student;
 Writing or providing an assignment for another student.
Non-Solicitation of Funds
All official fees of the School are collected through the Cash Department. Students should
not pay any additional fees such as those for tickets, entrance fees, transportation fees, hand-outs,
readings, quizzes or tests to any faculty or staff member of the School.

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BACHELOR OF SCIENCE IN ACCOUNTANCY

PROGRAM CURRICULUM AY 2020 - 2021

Course Title: BUSINESS TAXATION

Course Credit: 3 units

1 Course Orientation and Policies, Standards, Guidelines (PSG)

CODAL REFERENCE: Sections 84 to 97 of the

CODAL REFERENCE: Sections 105 to 115 of the

17-18 CODAL REFERENCE: Sections 116 to 128 of the

CODAL REFERENCE: Sections 202 to 210, 217 to

A. Power to Interpret Tax Laws and to Decide Tax

B. Power to Obtain Information, and to

D. Authority of the Commissioner to Delegate

CODAL REFERENCE: Sections 4 to 7 of the

a. Concept and Nature of Community Tax

Required Reading (textbook)

Suggested Readings and References

Cheating is broadly defined as getting unauthorized help on an assignment, quiz or examination.

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