This is a past event. Registration is closed. View other Philippine Institute of Certified Public Accountants events.
The seminar is intended for practitioners, accountants and officers of private companies to update them on the relevant topics, issues concerns related to corporate income tax and fundamentals and common issues encountered on value added tax (VAT).
This seminar may translate to the participants' ability to properly manage their own tax obligations and of their companies. This seminar is designed to provide the Professional Accountants in acquiring a practical understanding of the recent developments on income tax and the basic information on the recognition of deferred tax assets and liabilities and its consequences on the entity's financial statements and tax returns.
This seminar will also discuss the recognition of deferred tax assets arising from unused tax credits, the presentation of income taxes in the financial statements and the disclosure of information relating to income taxes. This seminar is one of the commonly requested topics of the participants as indicated in the evaluation accomplished during the previous seminars.
Registration Fee
Registration Fee for Members in Good Standing Amount is inclusive of VAT
₱2,000
Member Price
Buy TicketRegistration Fee for Members NOT in Good Standing and Non-Members Amount is inclusive of VAT
₱2,500
Public Price
Buy Ticket
Speakers
RICHARD
IBARRA
Senior Manager, Tax Advisory & Compliance Group at P&A GRANT THORNTON
▪ 15 years of solid experience in the field of Taxation and Accounting
▪ Extensive experience in providing tax compliance, due diligence audit, tax assessment, tax advisories to local and multinational companies
▪ In-depth knowledge in Management Reporting, Accounts Payable Management, Cost and Inventory Management
▪ Eight years in the academe as part-time lecturers handling accounting, taxations, and management advisory services
▪ Invited as public resource speakers in seminars and conventions
Program
7
30AM
-
8
00AM
8
00AM
-
10
00AM
Year-End Tax Reminders
RICHARD IBARRAIncome Tax Return and Required Attachments
• New versions of Income Tax Returns (ITRs)
• Procedures for All EFPS Filers in Filing Tax Returns
Affected by Revenue Issuances in the enhanced
EFPS
• Summary Alphalist of Withholding Agents of Income
Payments Subjected to Withholding Tax (SAWT)
• Venue for Filing and Payment
• Annual Information and Alphalist
• Additional procedural and/or documentary
requirements in connection with the preparation and
submission of financial statements accompanying the
returns
• Submission of the statement of management responsibility
• Additional Compliance Requirements of Concerned
Taxpayers in the light of Mandatory Adoption of the
Philippine financial Reporting Standards (PFRS)
• Stamping of ITRs and the Attached Audited
Financial Statements (AFS), and the Number of
copies of Tax Returns to be submitted and Filed
10
00AM
-
12
00PM
Issues on Allowable Deductions
RICHARD IBARRA• Requirements for deductibility
• Accrual of expenses
• Issues on Withholding
• Treatment of excess Expanded Withholding
Tax (EWT)
• Optional standard deduction (OSD)
• Non-deductible interest expense
• Entertainment, amusement, and representation
(EAR) expense
• Net operating loss carry-over (NOLCO)
Presentation
• Issues on creditable withholding taxes (CWTs)
• Remedies for excess CWTs/Overpayment
• Proper substantiation
• Reporting requirements
• Refund vs. Carry-over
• Issues on Minimum Corporate Income Tax
(MCIT)
• Computation
• Treatment of excess MCIT on an annual basis
• Treatment of EWT in MCIT computation
12
00PM
-
1
00PM
1
00PM
-
5
00PM
Income Tax, Basic Concepts of Deferred Income Taxation and Recognition of Deferred Tax Assets and Liabilities
RICHARD IBARRA• VAT
• Withholding Taxes
Taxable and Financial Income
• Temporary Differences
• Current Tax and Deferred Tax Expense
• Tax Base of an Asset
• Tax Base of a Liability
Year-End Tax Reminders
Income Tax Return and Required Attachments • New versions of Income Tax Returns (ITRs) • Procedures for All EFPS Filers in Filing Tax Returns Affected by Revenue Issuances in the enhanced EFPS • Summary Alphalist of Withholding Agents of Income Payments Subjected to Withholding Tax (SAWT) • Venue for Filing and Payment • Annual Information and Alphalist • Additional procedural and/or documentary requirements in connection with the preparation and submission of financial statements accompanying the returns • Submission of the statement of management responsibility • Additional Compliance Requirements of Concerned Taxpayers in the light of Mandatory Adoption of the Philippine financial Reporting Standards (PFRS) • Stamping of ITRs and the Attached Audited Financial Statements (AFS), and the Number of copies of Tax Returns to be submitted and Filed
Speakers
RICHARD IBARRA
Senior Manager, Tax Advisory & Compliance Group at P&A GRANT THORNTON▪ 15 years of solid experience in the field of Taxation and Accounting
▪ Extensive experience in providing tax compliance, due diligence audit, tax assessment, tax advisories to local and multinational companies
▪ In-depth knowledge in Management Reporting, Accounts Payable Management, Cost and Inventory Management
▪ Eight years in the academe as part-time lecturers handling accounting, taxations, and management advisory services
▪ Invited as public resource speakers in seminars and conventions
Issues on Allowable Deductions
• Requirements for deductibility • Accrual of expenses • Issues on Withholding • Treatment of excess Expanded Withholding Tax (EWT) • Optional standard deduction (OSD) • Non-deductible interest expense • Entertainment, amusement, and representation (EAR) expense • Net operating loss carry-over (NOLCO) Presentation • Issues on creditable withholding taxes (CWTs) • Remedies for excess CWTs/Overpayment • Proper substantiation • Reporting requirements • Refund vs. Carry-over • Issues on Minimum Corporate Income Tax (MCIT) • Computation • Treatment of excess MCIT on an annual basis • Treatment of EWT in MCIT computation
Speakers
RICHARD IBARRA
Senior Manager, Tax Advisory & Compliance Group at P&A GRANT THORNTON▪ 15 years of solid experience in the field of Taxation and Accounting
▪ Extensive experience in providing tax compliance, due diligence audit, tax assessment, tax advisories to local and multinational companies
▪ In-depth knowledge in Management Reporting, Accounts Payable Management, Cost and Inventory Management
▪ Eight years in the academe as part-time lecturers handling accounting, taxations, and management advisory services
▪ Invited as public resource speakers in seminars and conventions
Income Tax, Basic Concepts of Deferred Income Taxation and Recognition of Deferred Tax Assets and Liabilities
• VAT • Withholding Taxes Taxable and Financial Income • Temporary Differences • Current Tax and Deferred Tax Expense • Tax Base of an Asset • Tax Base of a Liability
Speakers
RICHARD IBARRA
Senior Manager, Tax Advisory & Compliance Group at P&A GRANT THORNTON▪ 15 years of solid experience in the field of Taxation and Accounting
▪ Extensive experience in providing tax compliance, due diligence audit, tax assessment, tax advisories to local and multinational companies
▪ In-depth knowledge in Management Reporting, Accounts Payable Management, Cost and Inventory Management
▪ Eight years in the academe as part-time lecturers handling accounting, taxations, and management advisory services
▪ Invited as public resource speakers in seminars and conventions
FAQs
IMPORTANT!
PLEASE READ.
ONLINE RESERVATION
Click: On this page, make your reservation by clicking on the word "Reserve" on the last column of the particular seminar you have chosen to attend. Wait for the confirmation window of your reservation on the screen and take a screenshot for filing purposes.
SEMINAR FEES
EMMC Members in GOOD STANDING - Php 2000.00 (inclusive of VAT)
Members not in good standing - Php 2500.00 (inclusive of VAT)
Non-CPAs/Non-Members - Php 2500.00 (inclusive of VAT)
PAYMENT OPTIONS
1. Cash/check payable to: PICPA EMMC
2. Online credit card payment is also accepted provided the payee completes and sends PICPA MMR Training Division an "Authorization to Charge Credit Card," a downloadable form in the FAQs section (Seminar FAQs tab above). Upon our receipt of your authorization, we will process your credit card payment and will inform you if the credit card transaction was successful or not, and if charges were made.
3. For more direct payment options, you can visit us at the PICPA MMR Secretariat office, PICPA National Office Building, 700 Shaw Boulevard, Mandaluyong City.
SCHEDULE CHANGE
Seminar schedules are subject to change. Should there be any, PICPA will announce through the PICPA website and will inform you via email and/or SMS/text messages.
OTHER DETAILS
1. Registration is from 7am – 8am. Seminar starts at 8am.
2. CANCELLATION OF RESERVATION: Cancellation is only valid when conveyed through the registered email address or through the registered mobile number. Please read "Seminar FAQs" for more details.
3. NO SHOW FEE: Reservations without valid cancellations three days prior to the seminar schedule at the latest are deemed confirmed. Those who fail to cancel their confirmed reservation within the three-day period and do not show up for the seminar will be charged Php 500.00 to defray administrative and logistical costs (food, seminar materials, etc.)
4. The Certificate of Attendance and CPD units will be issued and awarded only to the actual attendee of the seminar. No proxies allowed. CPD units are awarded per actual hours of attendance; latecomers shall be deducted units accordingly.
5. For dietary restrictions and preferences, please contact and inform the PICPA Training Division at least two (2) days before the actual seminar date. PICPA will do its best to accommodate your request, but delivery is subject to its availability.
6. As we have limited space, PICPA's free parking for vehicles is on first come, first served basis.
7. Walk-in participants will be given only the soft copy of the seminar materials via email.
FOR OTHER CONCERNS AND FURTHER INQUIRIES
Contact: Ms. Maryrose Ann Diaz
PICPA EMMC Secretariat
Tel. Nos. 723-6313; 726-9453
Email: picpa.emmc@picpammr.org
Sponsors and Partners
Organizer
Community
Discover and connect with other attendees.
