About the Course -Taxbusi

8/3/2019 About the Course -Taxbusi

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DE LA LA SALLE UNIVERSITY MANILASyllabus

COLLEGE: College of Business DEPARTMENT: CommercialLawCOURSE CODE: TAXBUSI/Law on Transfer and Business Taxes

CLASS DAYS AND CLASS TIME: Mon/Thurs 1440-1610 ROOM: L228INSTRUCTOR: Atty. Antonio A. LigonCOURSE DESCRIPTION:

The course is the introduction to taxation and income tax. It deals with the underlying principles behindthe imposition of the tax in general, and income tax and other business taxes in particular. It emphasizesthe social and moral responsibility of the people to pay the taxes in support of the government in orderthat the government will be able to discharge its appropriate functions, render services it can provide toits citizenry. The emphasis is on the application of the theory and principles in understanding Philippinetax system and solving income tax problems. It tests the students conceptual knowledge and

proficiency in the practical application of the law as they relate to accounting practice, and use the sameknowledge to enhance human development and social transformation.

The course is divided into fourteen (14) weeks at two (2) meetings/week. Each session last for one hourand a half (1 ).

LEARNING OUTCOMES (LO):

On the completion of the term, the student is expected to accomplish the following:

To assess, interpret and analyze the taxpayers obligations and responsibilities, andapply the existing tax principles and encourage tax compliance in dealing with personaland business concerns.

FINAL COURSE OUTPUT:As evidence of attaining the above learning outcomes, the student is required to do and submit the followingduring the indicated dates of the term.

LEARNING OUTCOME REQUIRED OUTPUT

LO:

To assess, interpret and analyze thetaxpayers obligations andresponsibilities, and apply the existingtax principles and encourage taxcompliance in dealing with personal

and business concerns.

Determination of the Proper Tax Returns to be submittedto the Government Entity

Determination of Proper Business Permit for differentbusiness

Preparation and presentation of estate plans

Preparation and presentation of business tax plans forvarious entities.

RUBRIC FOR ASSESSMENT:

CRITERIA EXEMPLARY4

SATISFACTORY3

DEVELOPING2

BEGINNING1

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60-100 30 to 60 10 to 30 0 to 10points

Accuracyin Preparation ofETR & DonorsTax Returns

ProperClassificationClean andOrderlypresentation

Ability to fill in Tax Returns

Consistency in

ClassifyingGross Estate/DeductionsDonations

Completeness Clear Distinction of

GrossEstate/DeductionsDonations/Exemption toDonations

Correctness inComputation ofProblems indeterminingTaxes due toGovernment

Sytematic andsimplifiedcomputation

Organization ofdifferent items

TOTAL:

OTHER REQUIREMENTS AND ASSESSMENTS:Aside from the final output, the student will be assessed at other times during the term by the following:Result of the Written ExaminationRecitationIndividual & Group Exercise in preparing the Output

GRADING SYSTEM:The student will be graded according to the following:

LEARNING PLAN:

LEARNING

OUTCOME

TOPIC WEEK

NO.

LEARNING

ACTIVITIESBasic Principle of Taxation 1 Research; Discussion; oral and writtenexamination

Provisions of 1987Constitution

2 Recitation; Discussion of the ApplicableConstitutional Provision to Taxation

Principle of Transfer TaxesTaxation

3 Research

Basic Provisions on Wills &Succession

4-5 Preparation and Application of the Principles inFilling up of ETR

Estate Taxation/ DifferentProperty Relations inMarriage Settlement

6-7 Computation, Practice Computation in Filling UpETRApplying the different form of marriagesettlement

Donors Taxation 8 Computation, Recitation

Principle of Business Taxes 9 Discussion/ Recitation

Value Added Taxes 10- Research; Classification and PracticeIdentification of Transactions; Filling of ITR

Excise Taxes &Documentary Taxes

11

Remedies & Procedure onPossible Tax Litigations

12

REFERENCES:PRESCRIBED TEXTBOOK : Reyes, Virgilio D., Transfer and Business Taxes latest edition

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SUGGESTED REFERENCES A. Books

National Internal Revenue Code, as amended, latest editionLlamado Jr., Crispin P and Manuel M. San Diego,

Hector de Leon, The Law on Transfer and Business Taxation, latest editionPhilippine Income Tax, latest edition

De Leon, Hector S. and Hector M. de Leon, Jr., TheFundamentals of Taxation, latest edition

B Revenue Regulations, Memorandum CircularsC. Supreme Court decisions

ONLINE AND ELECTRONIC RESOURCES:Sources of Case-Laws / Jurisprudence:

Lex Libris, CD Technologies Asia, Inc.

Supreme Court Website www.sc.judiciary.gov.ph

BIR Website: www.bir.gov.ph

Philippine Laws and Jurisprudence Databank: www.lawphil.net

CLASS POLICIES:Attendance. Students are expected to come to class diligently and on time. The maximum class days that a student maybe absent is 5 day. 2 occasions of tardiness constitute 1 absence from class. Absence approved and sanctioned by the

University shall not be counted against the student. However, the student is nevertheless responsible and therefore notexcused for missed class activities, tests and other class requirements.

Written Output. All exams, projects, reports, papers and other written outputs must be submitted on time or not laterthan the date and the time specified by the professor. Any requirement submitted after the specified date and time shallno longer be received and accepted, and shall get a grade of 0.0.

Respect and Decorum. The students are expected to observe proper decorum and shall give respect to both his/herprofessor and classmates.

Final Grade. As a general rule, the passing grade for the class is 1.0. However, for Accountancy students, the passinggrade is 2.0.

Cheating, Plagiarism and Acts of Dishonesty. Any form of dishonesty is extremely prohibited and shall be severely dealtwith by the University through the Discipline Office and the Student Handbook.

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About the Course -Taxbusi