Learning Session Description
The BIR has the authority to audit all internal revenue taxes and majority of the findings on deficiency taxes are on 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 rules regularly used and applied by the BIR officials in assessing income tax so that a proper defense can be made in refuting the BIR official’s findings and to avoid or minimize future income tax exposure.
Tax updates were also included in order to apprise the taxpayer on the latest relevant issuances (RR, RMO, RMC).
Learning Session Outline
Kinds of Taxpayer
• Individual
• Corporation
Gross Income
• Elements of Gross Income
• Composition of Gross Income
• Exclusions from Gross Income
Cost of Sales
• Definition
• Computation of Cost of Sales
General Requisites of Business Expense
• Ordinary and Necessary
• Paid or incurred during the taxable year
• Substantiation Requirements
Requisites/Limits on certain expenses
• Entertainment, Amusement & Representation Expenses
• Interest Expense
• Taxes
• Losses
• NOLCO
• Bad Debts
• Depreciation/Amortization
• Pension Contributions
• Charitable and other contributions/Donations
•Research and Development
Optional Standard Deduction
• Individual
• Corporation
Latest BIR Issuances
• Revenue Regulations (RR)
• Revenue Memorandum Order (RMO)
• Revenue Memorandum Circulars (RMC)
Date: Friday, November 15, 2013
Venue: AIM Conference Center, Makati City
Learning Investment for the Half-Day Learning Session
Regular Rate : P 2,988 + VAT
Register Now for the FREE Learning Session
Pay only P 498 + VAT per seat / Learning Session
(Minimal fee includes Certificate, Snacks and Venue)
Pay on or before October 15, 2013
All learning session fees must be prepaid.
For registration and other details, visit http://www.ariva.com.ph/
