De La Salle University

COLLEGE : RVRCOB DEPARTMENT Accountancy

COURSE CODE : ACCTAX1 (Online) CREDIT : Three (3) units
FACULTY : Ms. Lenny C. Kaw TYPE OF : Major Subject
Lenny.Kaw@dlsu.edu.ph COURSE
CLASS DAYS AND Tues / Thurs 1945–2115 ROOM : Online
CLASS TIME : (Special Class)

COURSE DESCRIPTION:

This course (ACCTAX1 or Income Taxation) involves an intensive study of the Philippine income tax system. It
deals with conceptual and practical application of income taxation of individuals, partnerships and corporations,
including withholding taxes, preferential taxes, and taxes under double taxation agreements, as they relate to
accounting practice. The emphasis is on the application of the theories and principles in solving tax problems
and the use of these to enhance human development and social transformation.

LEARNING OUTCOMES (LO):

UNIVERSITY LEARNING OUTCOMES (LO)

EXPECTED LASALLIAN
GRADUATE ATTRIBUTES
(ELGA)
Critical and creative thinker
Effective communicator
Reflective lifelong learner
On completion of the course, the student is expected to be able to
do the following:
LO1: Calculate income tax liabilities of various types of
taxpayers, and prepare the related tax returns in
accordance with the National Internal Revenue Code
(NIRC or Tax Code) and its implementing regulations;
special laws and related rules and regulations; and
relevant tax treaties.

LO2: Prepare a business report covering advice on a practical

tax issue encountered by taxpayers, applying the tax
concepts and principles under the Tax Code and its
implementing regulations; special laws and related rules
and regulations; and relevant tax treaties.

FINAL COURSE OUTPUT:

As evidence of attaining the above learning outcomes, the student is required to do and submit the following
during the indicated dates of the term.

LEARNING OUTCOMES (LO) REQUIRED OUTPUTS DUE DATE

LO1: Calculate income tax liabilities of various types Complete proposed solutions to October 19, 2021 to
of taxpayers, and prepare the related tax returns in exercises and problems. February 5, 2022
accordance with the Tax Code and its implementing
regulations; special laws and related rules and
regulations; and relevant tax treaties.
LO1: Calculate income tax liabilities of various types Answered quizzes in October 19, 2021 to
of taxpayers, and prepare the related tax returns in Income Tax February 5, 2022
accordance with the Tax Code and its implementing
regulations; special laws and related rules and
regulations; and relevant tax treaties.
LO2: Prepare a business report covering advice on a At least one (1) oral business Jan 24 to 27, 2021
practical tax issue encountered by taxpayers, applying report on tax issue orproblem.
the tax concepts and principles under the Tax Code
and its implementing regulations; special laws and
related rules and regulations; and relevant tax treaties.

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RUBRIC FOR ASSESSMENT:

Below are the rubrics that students will use to self-check their required output prior to submission. The same
rubrics will also be used to grade the student’s work.

Individual online participation

CRITERIA EXEMPLARY SATISFACTORY DEVELOPING BEGINNING RATING
(100) (90) (80) (70)
Content The student The student The student The student fails to
(Application of applies the applies some tax applies few tax apply tax topics
theories relevant tax topics topics topics appropriately.
learned) appropriately. appropriately. appropriately.
[70%]
Written English The student The student The student The student
communication discusses clearly discusses clearly discusses discusses vaguely
skills the relevant tax the relevant tax somewhat clearly the relevant tax
[30%] topics and issues, topics and issues, the relevant tax topics and issues,
and uses excellent and uses English topics and issues, and uses English
English language. language at an and uses English language
acceptable level. language somewhat
somewhat inappropriately.
inappropriately.
TOTAL:

Oral business report

CRITERIA EXEMPLARY SATISFACTORY DEVELOPING BEGINNING RATING
(100) (90) (80) (70)
Delivery [40%] The student The student The student The student
communicates and communicates and communicates and communicates and
explains clearly explains clearly explains explains vaguely
the relevant tax the relevant tax somewhat clearly the relevant tax
topics, issues and topics, issues and the relevant tax topics, issues and
resolutions, and resolutions, and topics, issues and resolutions, and
generates interest generates some resolutions, and does not generate
and establishes interest among the generates little interest among the
rapport among the audience. interest among the audience.
audience. audience.
Presentation The student The student The student The student
content [25%] presents valid presents valid presents presents incorrect
legal basis in legal basis in somewhat valid legal basis in
evaluating the tax evaluating the tax legal basis in evaluating the tax
issues, convincing issues, convincing evaluating the tax issues, and weak
and strong and strong issues, and arguments to
arguments to arguments to somewhat valid support the tax
support the tax support the tax arguments to positions adopted.
positions adopted, positions adopted, support the tax
and applying these and somewhat positions adopted.
to the real applying these to
business world. the real business
world.
Question and The student The student The student The student
answer [25%] provides provides provides partly provides incorrect
convincing and convincing and convincing, valid or non-sensible
valid answers to valid answers, answers, explains answers to the
the questions, explains these these somewhat questions raised
explains these somewhat clearly, clearly. but somehow
clearly, and and presents provides partly
presents valid some valid convincing valid
arguments to arguments to answers through
support these support these follow-up
answers. answers. questions.
Teamwork The student shows The student shows The student shows The student shows
[10%] strong teamwork teamwork as somewhat lack of lack of teamwork
as evidenced by evidenced by teamwork as as evidenced by
consistency both consistency in evidenced by inconsistencies
in the flow and terms of content of some both in the flow
contents of the the presentation. inconsistencies and contents of
presentation. both in the flow the presentation.
and contents of
the presentation.

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Assignments
CRITERIA EXEMPLARY SATISFACTORY DEVELOPING BEGINNING RATING
(100) (90) (80) (70)
Completeness The student The student The student The student fails to
(100%) answers all answers majority answers some of answer any
exercises of the exercises the exercises assigned
completely completely completely exercises

OTHER REQUIREMENTS AND ASSESSMENTS:

Aside from the final output, the student will be assessed at other times during the term by the following:

Departmental examinations and quizzes

There will be three (3) long examinations for (1.5-2.0) hours each and three (3) to six (6) quizzes for a
maximum of thirty (30) minutes each, which will be conducted synchronously. The long examinations will consist
of problems, which may be short or long problems, and should be supported by solutions to be written on the
answer sheets. In addition, the quizzes will cover the theories and principles of taxation. The examinations
and quizzes will be open notes and open books.

Individual online class participation

This will involve initial presentation by the reporting student of the solution to the assigned problem (initial
posting), and follow-on postings by non-reporting students. The online participation will be an individual
requirement and will be conducted asychronously.

Oral business report

The purpose of this oral business report is to apply the tax concepts and techniques in an analysis of a real-
world tax issue or problem within legal and ethical bounds. This will be conducted synchronously.

This will be a student oral report. The student will either: identify the tax issue or problem which will be submitted
to the faculty for approval, or the faculty will provide the tax issue or problem for resolution. This will cover a
specific issue or problem that a taxpayer encounters in practice. The student will come up with a tax advice to
address the tax issue or problem.

The reporting student will present its report orally on a specific date through video presentation. The presentation
should be around 15 to 30 minutes followed by question and answer. The faculty and non-reporting students will
raise questions about the presentation, which will be addressed by the reporting student. Non-reporting
student/s is/are required to ask at least one question.

The oral presentation should contain the following:

• Summary of tax opinion

• Background/Nature of the tax issue or problem
• Evaluation of the tax issue or problem; or tax implication of the transaction with legal bases
• Recommendation

Use business English in oral presentation. Assume that the student is a tax consultant.

In addition, as part of academic requirements, the student should submit a reference list containing the references
used in drafting the opinion.

The business report may contain 3,000 to 5,000 words (body of the letter), however, it is the quality that matters.
It may contain pictures, charts or diagrams, and appendices showing the calculations and supporting
documentations.

Class standing and assignments

This will include the following:
• Attendance, punctuality, netiquette (good manners and right conduct)

GRADING SYSTEM:

GRADE POINT DESCRIPTION PERCENTAGE

4.0 Excellent 97 – 100
3.5 Superior 94 – 96
3.0 Very Good 91 – 93
2.5 Good 87 – 90
2.0 Satisfactory 83 – 86
1.5 Fair 77 – 82
1.0 Pass 70 – 76
0.0 Fail Below 70
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 The student will be graded as follows:

Basis Percentage
Written Long examinations and quizzes 40%
Written Individual online class participation (discussion forum) 20%
Oral Student oral business report 30%
Class standing and assignments 10%
Total 100%

LEARNING PLAN:

LEARNING WEEK
OUTCOMES TOPICS NO. LEARNING ACTIVITIES

PART 1 – GENERAL PRINCIPLES AND CONCEPT OF

TAXATION
Understand the Unit 1 – General principles of taxation 30mins Synchronous discussion
general principles 1.1 Concept, nature and characteristics of taxation (as needed), individual
and concept of 1.2 Classifications and distinctions of taxes online class participation
taxation. 1.3 Limitations on the power of taxation De Leon (DL) (Ch1),
1.4 Situs of taxation and double taxaton Fundamentals (F) (Ch1)
1.5 Forms of escape from taxation
1.6 Exemption from taxation
1.7 Nature, construction, application and sources of tax
laws

Unit 2 – Tax administration 30mins Synchronous discussion

2.1 Administrative agencies and courts (as needed), individual
2.2 Bureau of Internal Revenue (BIR) online class participation
2.3 Court of Tax Appeals (CTA) DL (Ch1), F (Ch3A,
Ch3O)

PART 2 – INCOME TAXATION

Calculate taxable Unit 3 – Gross income 210mins
income of 3.1 Concept of income Synchronous discussion
taxpayers in 3.2 Components of gross income (as needed), individual
accordance with 3.3 Exclusions from gross income online class participation,
the NIRC or Tax 3.4 Special treatment of fringe benefits assignments, business
Code and the reports
implementing DL (Ch2, Ch3, Ch4)
rules, regulations
and other Unit 4 – Deductions from gross income 210mins
issuances. 4.1 Definition, timing and other requirements Synchronous discussion
4.2 Business expenses (as needed), individual
4.3 Interest expense online class participation,
4.4 Taxes assignments, business
4.5 Losses reports
4.6 Bad debts DL (Ch5, Ch6)
4.7 Depreciation
4.8 Depletion
4.9 Charitable and other contributions
4.10 Research and development
4.11 Pension trusts
4.12 Optional standard deduction
4.13 Premium payments
4.14 Special deductions
4.15 Items not deductible

FIRST LONG EXAMINATION 90mins Units 1 to 4

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 LEARNING TOPICS WEEKNO. LEARNING ACTIVITIES
OUTCOMES
Unit 5 – Gains and losses from disposition of property 90mins
5.1 Tax basis of properties Synchronous discussion
5.2 Exchanges of properties in corporate readjustments (as needed), individual
5.3 Capital gains and losses online class participation,
5.4 Capital gains on sale or real property assignments, business
5.5 Dealings in stocks and securities reports
5.6 Capital gains on stock transactions DL (Ch7)

Unit 6 – Sources of income 45mins

6.1 Situs of sources of income Synchronous discussion
6.2 Gross income from sources within the Philippines (as needed), individual
6.3 Taxable income from sources within the Philippines online class participation,
6.4 Gross income from sources without the Philippines assignments, business
6.5 Taxable income from sources without the Philippines reports
6.6 Income from sources partly within and partly without DL (Ch8)
the Philippines

Calculate income Unit 7 – Taxation of individuals 180mins

tax liabilities of 7.1 Classes of individual taxpayers Synchronous discussion
various taxpayers 7.2 Personal and additional exemptions (as needed), individual
and prepare the 7.3 Compensation income earners online class participation,
related income 7.4 Business income earners assignments, business
tax returns in 7.4.1 Itemized deduction reports
accordance with 7.4.2 Optional standard deduction DL (Ch5E, Ch9)
the NIRC or Tax 7.4.3 8% income tax
Code and the 7.5 Minimum wage earners
implementing 7.6 Income tax of spouses
rules, regulations 7.7 Senior citizen and persons with disabilities
and other 7.8 Tax credits
issuances. 7.9 Income subject to final tax

Unit 8 – Taxation of corporations 180mins

8.1 Classification of corporations Synchronous discussion
8.2 Regular corporate income tax (as needed), individual
8.3 Minimum corporate income tax online class participation,
8.4 Optional corporate income tax assignments, business
8.5 Tax credits reports
8.6 Income subject to final tax DL (Ch5E, Ch10)
8.7 Improperly accumulated earnings tax
8.8 Exempt corporations

Unit 9 – Taxation of partnerships, estates and trusts 30mins

9.1 Classification of partnerships Synchronous discussion
9.2 Business partnership (as needed), individual
9.3 General professional partnership online class participation,
9.4 Estates and trusts assignments, business
reports
DL (Ch11, Ch12)

SECOND LONG EXAMINATION 90mins Unit 7 to 9

Unit 10 – Accounting methods 15mins

10.1 Methods of accounting Synchronous discussion
10.2 Inventories (as needed), individual
10.3 Indirect methods of determining income online class participation,
10.4 Accounting periods assignments, business
10.5 Controlled taxpayers reports
DL (Ch13)
Unit 11 – Filing of returns, payment of tax and 30mins
administrative requirements
11.1 Individuals Synchronous discussion
11.2 Corporations (as needed), individual
11.3 Partnerships, estates and trusts online class participation,
11.4 Administrative requirements assignments, business
reports
DL (Ch14A, Ch14B)
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 LEARNING TOPICS WEEKNO. LEARNING ACTIVITIES
OUTCOMES
Calculate Unit 12 – Withholding taxes 60mins
withholding tax 12.1 Withholding tax system Synchronous discussion
liabilities of 12.2 Kinds of withholding taxes (as needed), individual
taxpayers in 12.3 Withholding agents online class participation,
accordance with 12.4 Timing of withholding assignments, business
the NIRC or Tax 12.5 Exemption from withholding reports
Code and the 12.6 Withholding tax on wages (WTW) DL (Ch14C)
implementing 12.7 Expanded withholding tax (EWT) RR No. 2-98, as
rules, regulations 12.8 Final withholding tax (FWT) amended
and other 12.9 Administrative requirements
issuances.
PART 3 – PREFERENTIAL TAXATION
Calculate income Unit 13 – Omnibus Investments Code 30mins
tax liabilities of 13.1 Investment Priorities Plan Synchronous discussion
taxpayers 13.2 Registered enterprises (as needed), individual
enjoying tax 13.3 Income tax holiday (ITH) incentive online class participation,
incentives and 13.4 Other incentives to registered enterprises assignments, business
prepare the 13.5 Incentives to less-developed area registered reports
related income enterprises Book 1 EO No. 226
tax returns in 13.6 Administrative requirements
accordance with
the special laws Unit 14 – Special Economic Zone Act 30mins
and the 14.1 Philippine Economic Zone Authority Synchronous discussion
implementing 14.2 Registered enterprises (as needed), individual
rules, regulations 14.3 Income tax holiday (ITH) incentive online class participation,
and other
14.4 5% preferential tax assignments, business
issuances.
14.5 Administrative requirements reports
RA No. 7916
Unit 15 – Barangay Micro Business Enterprises 15mins
15.1 Registration and operation of Barangay Micro Synchronous discussion
Business Enterprises (BMBE) (as needed), individual
15.2 Incentives and benefits online class participation,
15.3 Administrative requirements assignments, business
reports
RA No. 9178

Calculate income Unit 16 – Double Taxation Agreements 15mins

tax liabilities of 16.1 Concept of tax treaties/double taxation agreements Synchronous discussion
taxpayers in 16.2 Permanent establishment (as needed), individual
accordance with 16.3 Business profits online class participation,
the tax treaties. 16.4 Royalties assignments, business
. 16.5 Dividends reports
16.6 Interests OECD Model Tax Treaty
16.7 Other income
16.8 Administrative requirements

THIRD LONG EXAMINATION 90mins Units 10 to 16

ORAL BUSINESS REPORT 90mins

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REFERENCES:

A. Books

De Leon, H. S. and De Leon, H. M. (2016) The Law on Income Taxation (With Illustrations, Problems
and Solutions), 15th Edition. Manila, Philippines: Rex Book Store.

Casasola, E. M. (2012) NIRC and Other Tax laws. Manila, Philippines: Rex Book Store.

De Leon, H. S. and De Leon, H. M. (2016) The Fundamentals of Taxation, 17th Edition. Manila,
Philippines: Rex Book Store.

Tabag, E. and Garcia, E. J. (2018) Income Taxation With Special Topics in Taxation.

B. Revenue Regulations, Revenue Memorandum Circulars and other BIR Issuances

C. Online Resources

Republic Act (RA) No. 10963 (2017). “Tax Reform for Acceleration and Inclusion.” [Online]. Available
from: http://www.officialgazette.gov.ph/downloads/2017/12dec/20171219-RA-10963-RRD.pdf
(Accessed: January 11, 2018).

Republic Act (RA) No. 9178 (2002). “An Act to Promote the Establishment of Barangay Micro Busine”ss
Enterprises (BMBEs), Providing Incentives and Benefits Therefor, and for Other Purposes.” [Online].
Available from: http://www.bsp.gov.ph/downloads/laws/RA9178.pdf (Accessed: January 3, 2017).

Executive Order (EO) No. 226 (1987). “The Omnibus Investments Code of 1987.” [Online]. Available
from: http://www.gov.ph/1987/07/16/executive-order-no-226-s-1987/ (Accessed: January 3, 2017).

Republic Act (RA) No. 7916 (1995). “The Special Economic Zone Act fo 1995.” [Online]. Available from:
http://www.peza.gov.ph/index.php/about-peza/special-economic-zone-act (Accessed: January 3, 2017).

Prepared by: Approved by: Approved by:

MS. LENNY C. KAW DR. JOY LYNN R. LEGASPI DR. EMILINA R. SARREAL
Faculty Chair Dean
Accountancy Department Accountancy Department RVRCOB

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