Table of Contents
Basic Principles of Taxation
Estate Taxation
Donation Tax
Capital Gains Tax (CGT)
Value Added Tax (VAT)
Percentage Tax
Allowable Deductions
Individual Income Tax
Corporate Income Tax
Expanded Withholding Taxes
Tax Remedies
Estate Taxation
- Succession – Course Content 5, Part 6
- Distribution of Estate – Course Content 5, Part 6
- Gross Estate – Course Content 5, Part 6
- Conjugal Partnership of Gains – Course Content 5, Part 6
- Absolute Community Property – Course Content 5, Part 6
- Inclusion to Gross Estate – Course Content 5, Part 7
- Deductions from Gross Estate: – Course Content 5, Part 7
Donation Tax
- Transfer Tax – Course Content 5, Part 1
- Non-Taxable Transfers – Course Content 5, Part 1
- Donor’s Tax – Course Content 5, Part 2
- Exempt Donations under Special Law – Course Content 5, Part 2
- Fair Value Rules on Gross Gifts – Course Content 5, Part 2
- Deductions from Gross Gifts – Course Content 5, Part 2 & 3
- Degree of Consanguinity: Donor’s Tax vs Estate Tax – Course Content 5, Part 3
- Filing of Donor’s Tax Returns – Course Content 5, Part 3
Capital Gains Tax (CGT)
- Taxable Income for Individual and Corporation – Course Content 1, Part 1
- Ordinary Assets vs Capital Assets – Course Content 1, Part 1
- Types of Gains on Dealings in Property – Course Content 1, Part 1
- Capital Gains Subject to Capital Gains Tax – Course Content 1, Part 1 & 2
- Capital Gains Tax Compliance – Course Content 1, Part 2
- Installment Payment of Capital Gains Tax – Course Content 1, Part 2
- Wash Sales – Course Content 1, Part 2 & 3
- Tax Free Exchange – Merger or Consolidation – Course Content 1, Part 3 & 4
- Transfer of Stocks Resulting in Corporate Control -Course Content 1, Part 4
- Real Property Held by the Seller as Capital Asset – Course Content 1, Part 4
- Exceptions to the 6% Capital Gains Tax – Course Content 1, Part 4
- Computation of CGT upon Every Installment – Course Content 1, Part 5
Percentage Tax
- Basic Concepts – Course Content 4, Part 1
- Types of National Business Tax – Course Content 4, Part 1
- Exempt Consumptions – Course Content 4, Part 1
- Agricultural and Marine Products in Original State – Course Content 4, Part 1
- Hospital Services – Course Content 4, Part 1
- Education – Course Content 4, Part 1
- Sale or Lease of Real Property – Course Content 4, Part 1
- Employment – Course Content 4, Part 1
- Regional Headquarters – Course Content 4, Part 2
- International Carries – Course Content 4, Part 2
- Cooperative – Course Content 4, Part 2
- Quasi-Importation – Course Content 4, Part 2
- Sale of Gold – Course Content 4, Part 2
- Services Subject to Percentage Tax – Course Content 4, Part 3
- Winnings – Course Content 4, Part 3
- Overseas Communication – Course Content 4, Part 3
- Life Insurance – Course Content 4, Part 3
- Franchise – Course Content 4, Part 3
- Philippine Stock Exchange (PSE) Sales – Course Content 4, Part 3
- Amusement Places – Course Content 4, Part 4
- Common Carriers and Keeper’s of Garage – Course Content 4, Part 4
- Banks and Other Financial Intermediaries – Course Content 4, Part 4
Allowable Deductions
- Kinds of Deductions – Course Content 6, Part 1
- Optional Standard Deduction (OSD) – Course Content 6, Part 1
- Itemized Deductions – Course Content 6, Part 1
- Business Expense – Course Content 6, Part 1 & 2
- Interest Expense – Course Content 6, Part 2
- Deductible Taxes – Course Content 6, Part 2
- Losses – Course Content 6, Part 2
- Bad Debts – Course Content 6, Part 2
- Depreciation – Course Content 6, Part 2
- Depletion – Course Content 6, Part 2
- Charitable Contributions – Course Content 6, Part 2
- Research and Development Expenditures – Course Content 6, Part 2
- Pension Trust Contributions – Course Content 6, Part 2 & 3
- Special Itemized Deduction – Course Content 6, Part 4
- Non-Deductible Items – Course Content 6, Part 4
Individual Income Tax
- Types of Individual Taxpayer – Course Content 6, Part 8
- Income Tax Rates on Individual Citizen and Individual Resident Alien of the Philippines – Course Content 6, Part 8
- Personal Exemption – Course Content 6, Part 8
- Income Tax on Self-Employed and/or Professionals – Course Content 6, Part 8
- Mixed Income Earners – Course Content 6, Part 8
- Installment Payment of Tax Due for Individual – Course Content 6, Part 8
Corporate Income Tax
- Basic Concepts – Course Content 3, Part 1
- International Carriers – Course Content 3, Part 1
- Sources of Income Taxable in the Philippines – Course Content 3, Part 1
- Tax Exempt Corporations – Course Content 3, Part 1
- Types of Corporate Income Tax – Course Content 3, Part 1-3
- Income Tax Rates and Tax Bases for – Course Content 3, Part 3
- Requisites of Taxability of Income – Course Content 3, Part 3
- 2% Minimum Corporate Income Tax (MCIT) – Course Content 3, Part 5
- Basis Application for MCIT and Regular Corporate Income Tax – Course Content 3, Part 6
- Excess MCIT Carry-Over – Course Content 3, Part 6
- 10% Improperly Accumulated Earnings Tax (IAET) – Course Content 3, Part 7
Expanded Withholding Taxes
- Nature of EWT – Course Content 6, Part 7
- Withholding Agents – Course Content 6, Part 7
- Payments to Entities which are Not Subject to EWT – Course Content 6, Part 7
- EWT Base: Non-VAT vs VAT Registered – Course Content 6, Part 7
- EWT Rate – Course Content 6, Part 7
- List of Income Payments Subject to Expanded Withholding Tax (EWT) – Course Content 6, Part 7
