BULACAN POLYTECHNIC COLLEGE

Bachelor of Science in Accounting Information System

Bulihan, City of Malolos, Bulacan

VISION
The Bachelor of Science in Accounting Information System (BSAIS) Program envisions on producing proficient, globally competitive, socially responsible, and value oriented
professionals who can combine knowledge in business, accounting and computer systems.

MISSION
The Bachelor of Science in Accounting Information System (BSAIS) is committed to provide its graduates the capability to:

1) resolve business issues and problems, with a global and strategic perspective using their knowledge and technical proficiency in the areas of financial accounting and
reporting, cost accounting and management, management accounting and control, taxation and accounting information systems;
2) conduct Accounting Information research through independent studies of relevant literature and appropriate use of accounting theory and methodologies;
3) employ technology as a business tool in capturing financial and non-financial information, generating reports and making decisions;
4) apply knowledge and skills that will enable them to successfully respond to various types of assessments (including professional licensure and certifications); and
5) confidently maintain a commitment to good corporate citizenship, social responsibility and ethical practice in performing functions as an accountant.

COURSE : Bachelor of Science in Accounting Information Systems

COURSE CODE : Itax 213
COURSE TITLE : Income Taxation
COURSE CREDIT : 3 units – (3 hours lecture per week)
COURSE DURATION : 54 Hours
COURSE PRE-REQUESITE : OBLIGATIONS AND CONTRACTS
FACULTY : JUAN OLIVER R.CRUZ

COURSE DESCRIPTION: The course gives students a brief introduction to the laws on the theory and principles of Philippine INCOME taxation.
Specifically, income taxation, transfer (estate and donor’s tax) and business (value-added and other percentage taxes)
taxation, tax on corporations, community tax, additions to tax, compliance requirements, tax remedies, the power and
authority of the Commissioner of Internal Revenue, and the National Internal Revenue Code.

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LEARNING OUTCOMES

Expected BSAT Graduate Attributes General Learning Outcomes

1. Analytical and creative thinker.
2. Good working attitude.
3. Globally and Technology competitive professionals.
4. Competent, sensitive, productive, and responsive member of
society.
5. Well-informed and expert communicator in his field of
specialization.
6. Highly knowledgeable and skilled in business related tasks.
7. Capable, creative and research/service oriented office
managers.
8. Morally and socially responsive individuals.
9. Skilled in problem solving.
1. Acquired thorough knowledge of the vision, mission, goals and objectives of the
College.
2. Demonstrated support to the vision, mission, goals and objectives in maintaining
high quality education.
3. Explain the principles and purpose of taxation.
4. Differentiate between tax avoidance and tax evasion.
5. To gain expert knowledge of the principles of the indirect tax laws and the
relevant rules and principles emerging from leading cases.
5. To acquire the ability to apply the knowledge of the provisions of income tax
laws to various situations in actual practice.
6. To recognize and identify tax and non-tax issues related to the formation and operation
of, distributions from, and liquidation of business entities including corporations.
7. To examine and understand the requirements of financial statement accounting
and reporting for income taxes.
8. To gain knowledge on how to compute the Withholding Tax Return of an
employee and other taxes imposed on different kinds of taxpayers
9. Develop practice on problem solving particularly in business law and taxation to
strengthen their exposure to real life situations.

Specific Learning Outcomes Topics No. of Hours Per Learning Activities

Assessment Technique
Week
1. Basic Principles of 9 Lecture and recitation Work Presentation

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1. Identify the meaning and purposes of Philippine Taxation Discussion Case Quiz
taxation. Understood the principles of 1.1 Definition and purpose Interaction Oral Recitation
sound tax system. Understood and of taxation Seatwork Assignment
critically examine the powers and 1.2 Elements of taxation Research Work Research Analysis
Case Study Problem solving (Board work
limitations of Taxation. 1.3 Theory, Basis, Nature
and Seat work)
and Scope of Taxation
2. Knowledge and analytical appreciation 1.4 Basic Principles of
of the different classification of taxes. Sound Tax System

3.Understanding of the different terms Reading: Tax Reform for

and requirements for income to be Acceleration and Inclusion
taxable. (TRAIN law -RA# 10963)

4. Identification and enumeration of the 2. Limitations on the Power of 6 Lecture and recitation
Work Presentation
different taxpayers. Taxation Discussion Case Quiz
2.1 Inherent Interaction Oral Recitation
5. Demonstrate knowledge and skills in 2.2 Constitutional Seatwork Assignment
the application and computation of 2.3 Definition of Double Research Work Research Analysis
official BIR laws and tax tables to Taxation Case Study Problem solving (Board work
different income taxpayers. 3.0 Classification of Taxes and Seat work)
Defining and illustrating the
3.1 As to subject matter
computation of payment of Taxes
6. Identified and understood the or subject
deductions allowed including the 3.2 As to purpose for Single and Married
personal and additional exemptions from 3.3 As to scope employees
gross income. 3.4 As to determination
of account
7. Understanding of the different types of 3.5 As to who bears the
remedies available to the government (for burden
the collection of taxes) and Taxpayer. 3.6 As to graduation or
rate
4.0 License or Regulatory
Fee vs. Tax
5.0 Toll vs. Tax
8. Determined the terms involved in the 6.0 Forms of Escape from
corporate taxation system, its coverage, Taxation
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rates and deductions. Knowledge on how Work Presentation
partnerships are taxed based on their Reading: The Sin Tax Law Lecture and recitation Case Quiz
income. Application of the deductions Reform act (RA#10351) Oral Recitation
Discussion
and exclusions allowed by law. Assignment
Interaction Research Analysis
4.0 Basic Principles of Income 6 Seatwork Problem solving (Board work
Taxation Research Work and Seat work)
Case Study MID –TERM EXAMS
4.1 Definition and
Defining and illustrating the
Purposes
computation of payment of Taxes
4.2 Principles of Income
Taxation for Single and Married
4.3 Definition of Terms employees
4.4 Classes of Income
Taxpayer
4.5 Categories of Individual
Income
4.6 individual subject to 6
Income Tax?
4.7 Different tax rates on
income Imposed on the
different taxpayers
4.8 Withholding tax

5.0 Exclusions from 9 Lecture and recitation

income taxation
Discussion
5.1 Itemized, optional
Interaction
standard & Special
deductions Seatwork
5.2 Personal and Research Work
additional Case Study
exemptions Defining and illustrating the
computation of payment of Taxes
5.3 Computation of for Single and Married
individual incomeTax employees

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 6. Remedies Available to the 9 Lecture and recitation
Government Discussion
6.1 Administrative Interaction
6.1.1 Distraint of personal Seatwork
property Research Work Work Presentation
6.1.2 Levy of personal Case Study Case Quiz
property Oral Recitation
Defining and illustrating the
6.1.3 Enforcement of Assignment
computation of payment of Taxes
forfeiture Research Analysis
6.1.4 Enforcement of tax lien for Single and Married Problem solving (Board work
6.1.5 Entering into employees and Seat work)
compromise of Tax FINAL -TERM EXAMS
Cases
7.0 Judicial Remedies
7.1 civil action
7.2 criminal action

8.0 Judicial Remedies of the

Taxpayer

8.1 Filing of protest against

the assessment

8.2 Appeal to the Court of

Tax Appeals (“CTA”)

8.3 Appeal to the Supreme

Court

8.4 Claiming refund or tax

credit
8.4.1 Refund vs. Credit
8.4.2 Requisites for Tax
Refund or Credit
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 9.5 Enter into a compromise 3
with the BIR.

Income Tax on Corporations 4

a) Income Tax on Domestic
Corporations and Resident
Foreign Corporations
(1) Regular tax
(2) Minimum Corporate Income
Tax (MCIT)
(3) Branch Profit Remittance Tax
(4) Allowable deductions
(i) Itemized deductions
(ii) Optional Standard Deductions
(5) Taxation of Passive Income
(6) Taxation of Capital Gains 6
b) Income Tax on Non-Resident
Foreign Corporations
c) Income Tax on Special
Corporations
(1) Domestic Corporations
(2) Resident Foreign
Corporations

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Textbooks & References

Grading System

Class Standing 60%

Quizzes 20%
Recitation/SW/RW 20%
Projects 20%
Major Examinations 30%
Midterm 15%
Finals 15%
Character 10%
Attitude + Attendance 10%
Total 100% 100%

FINAL GRADE: 100% = Class Standing: 60% + Major Examinations: 30% + Character: 10%

GRADES
GRADES PERCENTAGE DESCRIPTIVE RATING
1.00 98- 100 Excellent
1.25 95-97 Excellent
1.50 92-94 Very Good
1.75 89-91 Very Good
2.00 86-88 Good
2.25 83-85 Good
2.50 80-82 Satisfactory
2.75 77-79 Satisfactory
3.00 75-76 Passed
5.00 74 and below Failed
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COURSE POLICIES
1. Students are expected to attend the class on time and to participate to the best of their abilities in whatever activity is happening in each
session.
2. The rule on failing mark for 20% unexcused absences shall be strictly enforced.
3. Short quizzes will be given announced/unannounced; however, schedule for long quizzes shall be unannounced at least one week prior to its
administration.
4. Mid-Term and Final Exams shall be given only to students who have completely or partially settled their accounts for the specified period.
5. Students will be held responsible for all assignments and requirements for the entire content on the course missed regardless of reasons for
his absence.
6. Only students officially enrolled in the course will be allowed to attend the class.
7. The professor is not obliged to give a special or late test to any student who fails to take an examination at the regular time, except upon
presentation of any certificate (e.g. medical certificate, etc.) , or excuse letter scrutinized by the subject teacher in terms of its veracity.
8. When given a grade of INC. (Incomplete), the student shall complete the grade within one year; otherwise, a grade of 5.0 is automatically given
by the registrar.

Prepared by: Checked by: Approved by:

MR.JUAN OLIVER R. CRUZ MRS. VICTORIA M. SISON, MA. Ed. PERLITA M. CRUZ, Ph.D.
Instructor VP for Academic Affairs College President

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