Tax | Outline 2005-2006 Pref, Jude B. Ocampo Juve.B Ocampo@amailcam jecampo@)def.gov.ph Class Policies L Grade Seale Grade Compenents P41 700 Finals: 36% fo 425 798. Midterms;_ 36% 7 154 >95 Recitation” 30% 17s | 790 Optional Paper, 5%" 7 2.0 388 wth ' lowe the | S30 i sThe optional paper a lows the student eam extra crodtoby aubmiting 10-15 page rnsserch paver I >75 {Singlespaced, 11 find. Prososdin should oe — Submited er er before re dey af ne mies vans. PANGS StOule 82 REMNMed on 9 eters | the dane of the final exams. bain References: 1. National Internal Revenue Cede of 1997, as emencec 2. Benjarnin B. Aban, Lew of Basic Taxation in the Philippines 3. The National intemal Revenue Code Annotated, Volume J, by De Lean & Ds Leon, dr., 3" Edition, 2003 Session 1: Foundational Ideas on Taxation: A. Genoral Principles of Taxation Alan, 1-62 B. Limitations on the Powor te Tax Aban, 53-112 Optional: * Liniitatons under the WTO Aareement @ Artili(2} General Agreement on Tariffs and Trade 1994 © Atticles Vand Ilt anc Annex I Subsidies and Countervailing Measures > Annex {Illustrative Lisl of TRIMS] Trade Related Investment Measures Agroement = Tanada v. Angata, GR. 120982. Septernber 11, 1996 © Tax Treatios » Browse through the Treaty an Double Taxation between the Philipaives and the United States Session 2: |. Minimizing the Tax Burden Double Taxation and Tax ExemptionsAban, 113-442 Additional sequired materials: + Ta Shifting © Tax Code, Section 105 © Republic Act No. 7718, Section 1 > Vitug and Acosta, Tax Lew and Jurisprudence 227-245 + Tax Evasion © Tak Coda, Section 254 © Republic v. Gonzales 13 SCRA 033 + Tax Avoidance © Deipher Traders Corp. v. IAC 157 SCRA 342 © Yutivev, CTA 1 SCRA 166 = Tax Exemption © Browse through the Omnibus Investments Aci © 2005 Investments Priorities Plan + Tax Amnesty: Statutory and Regulatory © Presidential Decree 370 © Revenue Regulation 2-99 (ERAP) co Executive Order No, 2¢9 (20053 and Execaitive Order No, 442 (2008) (No Assessment Program} IL Understanding the National Tax Regulatory Regime. Aban 143-260 De Leon 20 -90 Guest Lecturer on the different BIR‘DOF requlacory issuances = BIR Rulings (numbered and unnumborod} * Revenue Regulations «Revenue Memorandum Circular « Revenue Memorandum Order «Revenue Aucit Memorandum Order Session 3: 1. Understanding the National Tax Regulatory Regime (contnuatian of Session 2) li. Introduction to Income Tax + Meaning of income 9. Revenue Regulations No. 2, Section 35 9 Cam. V. BOAC, 149 SCRA 355 3 Madrigal v. Ratferty, 38 Pri. 444 vo Fisher v. Trinidad 45 Phil. 973 * Sourvus of Income Commissioner v. BOAC, 149 SCRA 395 ss NIRC, Section 32 > De Leon, pp. 262-287 » Recognition of Income © Sections 43-44, NIRC of 1997 » De Leon, pp. 443-474 © Revenue Ragilations No. 2, Sections 51-53 5 Linpan v. Gum, 17 SCRA 703 Republic ¥. Jela Rama 18 SCRA 861