Event Details

It is the duty of almost every taxpayer to file Income Tax Return (ITR) and Financial Statements (FS). We, however, should exercise caution in filing the ITR and FS since several deficiency tax assessment or penalties arose from just carelessly indicating therein the incorrect amount or words or from non-compliance with the required regulations.


In addition, the BIR has the authority to audit all internal revenue taxes and majority of the findings on deficiency taxes came from income tax. The rule on Income Tax is very complicated and involves several technicalities and thus, requires extensive study and research.


Accordingly, it is imperative to know, at least, the basic laws, rules and regulations regularly used and applied by the BIR officials in the preparation of ITR and investigation of income tax so that a proper defense can be made in refuting their findings and avoid or minimize future income tax exposure.

Jul 29, 2019

8:00 AM - 5:00 PM GMT+8

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

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Agenda

  • 7:00 AM - 8:00 AMRegistration
    8:00 AM - 5:00 PMMorning Session
     Basic concepts of Income Tax
    a) Types of Income Tax
    b) Sources of Income Tax Laws

     Types of Taxpayers Income Tax
    a) Gross Income
    b) Allowable Deductions
    c) Conditions/Limitations for deductibility of Expenses

     MCIT
    a) Computation of MCIT
    b) MCIT vs RCIT
    c) Corporations subject to MCIT / Corporations exempt to MCIT

     IAET
    a) Corporation subject to IAET
    b) Reasonable needs of Business
    c) Computation of IAET

     Rules on Filing ITR

     List of Attachments to the ITR

Tickets

Essentials of Income Tax

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

Member Price ₱1,680
Essentials of Income Tax

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

₱2,240

Documents

Credit Card Authority Form.docx
BILLING REQUEST FORM.docx

FAQ

SEMINAR RELATED

FREQUENTLY ASKED QUESTIONS:




Why is online reservation important?


Making your online reservation in advance will help us plan for the correct number of participants. Your reservation is counted and considered in the printing of the lecture materials for your use during the seminar, as well as in making reservation for your food (lunch, a.m. and p.m. snacks).




How do I reserve online?


Please visit Seminar /Training Schedules, select your desired schedule and seminar and click "Reserve" on its last column. A page will show in your screen: fill in your information and submit the page. A confirmation window will pop and say your reservation is successful. You will also receive a confirmation email almost instantaneously. 


How will I know if my online reservation is confirmed at PICPA?


Your reservation is considered confirmed until you inform PICPA of your intention to cancel not later than three (3) days before the seminar date. If you choose to deposit your payment in our bank account, please indicate your name and PRC ID No. (if available) in the deposit slip and email us the scanned copy of the deposit slip as proof of payment. If you need a billing statement, please accomplish the "Request for SOA" (below) and send it to training@picpa.com.ph



Seminar Fees


Seminar fees are indicated on the page "Seminar/Training Schedules" reservation page.  PICPA Members in good standing enjoy special discounted rates on most of our seminar offerings. 




What are my payment options?



You can pay through any of the following options:


1.   Direct Payment:Visit our office and pay directly to the cashier – by cash or credit card. Our main office              address is: PICPA Building, 700 Shaw Blvd, Mandaluyong City.


         

2.   Bank Deposit: Whether in cash or in check (with PICPA as the payee), indicate the account name                      "Philippine Institute of Certified Public Accountants, Inc. and deposit to one of the banks, as below:


                  UNION BANK:     Account Number 100840069691

                  PNB:                    Account Number 123110026804


      After the bank deposit has been made, please indicate your name and PRC ID No. (if available) in the                  deposit slip and send us the scanned copy of the teller-validated deposit slip by email                                          to: training@picpa.com.ph. The original copy of your Official Receipt will be issued to you upon registration          on the day of the seminar.


      Please make sure you transmit a copy of your payment document to the PICPA Training Division at least              three (3) days before the seminar to avoid inconveniences.



3.   Online payment via Credit Card Authorization:  Accomplish the downloadable form Authority to Charge            Credit Card" at the end of this section (Seminar Related FAQs) and send it to training@picpa.com.ph. The            original copy of your Official Receipt will be issued to you upon registration on the day of the seminar.




What happens if a seminar schedule is changed or cancelled?



While we make every effort to avoid changes to our schedule, PICPA reserves the right to change any seminar offering.  If for any reason, PICPA cancels a seminar, seminar fee will be refunded in full. Likewise, in the event that PICPA reschedules the seminar, you will be notified of the changes accordingly.




How can I cancel my reservation? 



Requests for cancellation of reservation to slot/s on the seminar/s will only be validated if sent through the registered email address or through the registered mobile number." Phone call cancellations must be followed through with the said email/SMS cancellation requestotherwise the cancellation being requested over the phone is not validated.


Only on extreme cases, a phone call cancellation may be validated if the person cancelling over the phone can secure andprovide all of the following:


·      one valid reason why he/she cannot send an email or SMS/text message to do the cancellation

·       a valid reason for cancelling the seminar reservation

·       three (3) personal details in his registration form (to verify identity)

·       verbal approval from the PICPA Training Division officers: Ms. Jennie Quintana, Ms. Salve Degillo or Mr.                Josue Sengco.




What is the cancellation policy if advance payment has already been made?


A full refund will be given provided we receive a notice of cancellation by email at least 7 days before the seminar date. A 50% refund will be given if the notice is received within 48 hours before the seminar date. Notice of cancellation received less than 48 hours before the seminar date including no-shows is not entitled to a refund.

Your payment will be refunded the in same mode that it was remitted to PICPA

     


What if I made the reservation but was unable to attend the seminar?


As you have made a reservation, PICPA would have also made the necessary logistical preparations for your food and training materials. For this, PICPA will send you a NO-SHOW billing of Php 500.00 commensurate to the administrative and logistic costs incurred.



Do you accept walk-ins?


We accept walk-ins if there are still seats available on the day of the seminar. If the seminar has reached fully a booked status, we cannot guarantee that we can provide seats and hard copies of the lecture materials.



What does my seminar fee include?


The seminar fee covers meals (lunch, am/pm snacks), lecture materials and Certificate of Attendance



What time does the seminar begin and end?


The registration starts at 7:00 am. Seminar begins at around 8:00 am and generally adjourns no later than 5:30 pm.



Parking


As we have limited space, free parking is on a first-come, first-served basis.



Registration on the day of the seminar


Participants with confirmed reservations simply need to sign on the attendance sheet located at the registration counter. For seminars spanning beyond one day, participants will have to sign on the attendance sheet for each day.



Certificate of Attendance


Certificate of attendance will be distributed at the end of the seminar on the assigned training rooms. You are encouraged to get your certificate of attendance as we discard unclaimed certificates.



Who do I contact for additional questions not covered by FAQs?


Contact the PICPA Training Division at (02) 723-0691 to 93 or 09175805872 (Globe) or 09199114086 (Smart)


Other Information

BILLING STATEMENT:


If you need a billing statement, please accomplish the Billing Request form and send it to training@picpa.com.ph


PAYMENT:


After bank-deposited payment has been made, please send us the scanned copy of the teller-validated deposit slip by email to: training@picpa.com.ph with FULL NAME_PAYMENT as subject head.


OFFICIAL RECEIPT:


For the issuance of Official Receipt, please provide us the following details:


  • Payee Name:  
  • Seminar Date:
  • Seminar Title:
  • Number of participants:
  • Name of participants

           

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