Professional Documents
Culture Documents
Credit: Lecturer: Ryan C. Montenegro Required Readings:: Taxation Ii
Credit: Lecturer: Ryan C. Montenegro Required Readings:: Taxation Ii
TAXATION II
Second Semester
SY 2017 - 2018
__________________________________________________________________
Credit: 3 units
Required readings:
The National Internal Revenue Code of the Philippines (R.A. No. 8424);
Course Requirement:
Each student is required to have a notebook where case digests of all assigned
cases will be handwritten.
Grading System:
1. Midterm Grade
a. Oral Recitation - 10%
b. Quiz – 40%
c. Midterm Examination – 50%
Classroom Policies:
Students must observe appropriate conduct during class and come prepared for
every session’s covered topic (s);
Cheating in any form whether in major exams or quizzes will earn for the student
a failing mark.
COURSE CONTENT
I. INDIVIDUALS
Resident Citizens (Section 23[A]; 24 [A] [1] [a])
Non-Resident Citizens (Section 23[B]; 24 [A] [1] [b])
Overseas Contract Workers and Seamen(Section 23[E] 1; and partial of 2)
Resident Alien (Section 23[D]; 24 [A] [1] [c]; Section 5, RR No. 2)
Nonresident Alien Engaged in Trade or Business (Section 23[A]; 25 [B])
Nonresident Alien Not Engaged in Trade or Business (Section 23[D]; 25
[B])
Corporation (Section 22)
V. TAX ON INDIVIDUALS
RC, NRC, OCW, S, RA
a. Net income tax (Section 24[A])
b. Final income tax (Section 24[B])
c. Interest, royalties, prizes and other winnings (Section 24[B] [1])
d. Cash and / property dividends
e. Capital gains from sale of shares of stock not traded in the stock
exchange (Section 24[C])
f. Capital gains from sale of real property (Section 24[D])
NRAETB (Section 25[A])
a. Net Income Tax
b. Final Income Tax
NRANETB (Section 25[B])
Aliens Employed by Regional or Area HQ and ROHQ of Multinational
Companies (Section 25[C]); by Offshore Banking Units (Section 25[D]);
and by Petroleum Service Contractor and Subcontractor (Section 25[E])
a. Income Tax Liability for Salaries and Compensation
b. Income Tax Liability for Other Income
XIX. REMEDIES
Remedies of the Government
a. Normal or Ordinary Assessment and Collection
b. Abnormal or Extraordinary Assessment and Collection
Procedure for Assessment
Forms of Protest
Compromise
Remedies for Collection of Deliquent Taxes
Distraint
Levy
Injunction
Tax Lien
Approval of the Commissioner
Suspension of the Running of the Statute of Limitations
Claim for Refund