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Corporate Income Tax
Income Tax is a tax on income, emoluments, profits arising from property, practice of profession, conduct of trade or business or on the pertinent items of gross income specified in the Tax Code of 1997 (Tax Code), as amended, less the deductions and/or personal and additional exemptions, if any, authorized for such types of income, by the Tax Code, as amended, or other special laws.
By enhancing the understanding of the participants on corporate income taxation, the seminar will help in the competency development of the participants and educate them with the general foundations, issues, requirements and practical applications. Moreover, the program will also update the participants of the latest issuances and court decisions related to the topics.
This training program has been designed for accounting practitioners to understand the fundamental concepts of income taxation in the Philippines and to acquire the ability to apply the knowledge of the provisions of law to various situations in practice. The seminar will also cover a brief discussion of recent Bureau of Internal Revenue (BIR) issuances and court cases about the topic.
Employee Benefits Taxation
In general, employee-related expenses are the most sensitive line item in the financial statement due to the two-way effect: to company and its employees. Moreover, the taxation of these benefits is where the employee are most reactive and inquisitive. However, ironically, most of employees are not familiar with the basic concept of the available benefits under the law and its tax implications.
This training program aims to enhance the understanding of the participants on the tax implications related to employee benefits commonly provided by companies. Moreover, the seminar will increase the awareness of the participants of the available exemptions on some employee benefits for tax purposes. Moreover, the program will educate the participants of the latest issuances and regulations related to the topic.
