Asian

Institute CHED RECOGNIZED

TIAONG, QUEZON
of REGION IV-A
PHILIPIINES

OFFICE OF THE DEAN

College and Tech-Voc Department

COURSE SYLLABUS

COURSE CODE :
COURSE TITLE : Business Taxation

COURSE DESCRIPTION : This course is designed to provide the students with a background on the Philippine tax system. The course is
specifically graces on taxes for business with small and medium enterprises as well as individuals.

NUMBER OF UNITS : 3
NUMBER OF HOURS PER WEEK : 3

PREPARED BY:
MYRENE A. CEREBAN
INSTRUCTOR/PROFESSOR

Date:

RECEIVED AND APPROVED BY:

DR. NILO S. GRET, CPA

Dean

CONTACT INTENDED LEARNING
WEEKS/ OUTCOMES
HOURS
1st to 4th Week
Internalize the pivotal role
of taxation for the
organization and the State
Evaluate imposition of
income tax
Distinguish the situs for
taxation
Recognize when an
organization receives an
income
Explain the situation of
small and medium
enterprise in the taxation
process.
TEACHING AND LEARNING MATRIX
TOPICS STRATEGY/ ASSESSMENT OF
METHODOLOGY LEARNING
/ACTIVITIES OUTCOMES
1.Taxation.
Economic and social function of taxation. | Explain the
difference between accounting profit and taxable Visual materials
profit. | Principles of taxation. | Difference between direct Recitation / Seatwork /
tax and indirect tax. Discussion Quiz
2. Imposition of Income tax.
Chargeability of income tax. | Different source of statutory
Mental Calisthenics
provisions. | Sources of profits and income
chargeable with income tax. | Business Tax for Small and
Medium Enterprises
PRELIM EXAM
5th to 8th Week Appraise the taxation on individual 3. Taxation of Individuals & Partnership. Visual Materials Recitation / Seatwork /
and partnership Ascertainment of profits and income of an individual. | Quiz
Aggregation of child’s income. | Ascertainment
Differentiate individual and of Statutory income of an individual. | Ascertainment of Discussion
corporate taxation Assessable income of an individual. |
Ascertainment of Taxable income of an individual. | Legal
Evaluate the taxation process for status of partnership. | Ascertainment of Mental Calisthenics
individual and corporation profits and income of Partnership.

4. Taxation of Corporations.
Definitions of corporation. | Sources of Income. | Resident
and Non-resident Foreign Corporations, in General.
Taxable Income and Tax Due. | Taxation for Cooperatives.
| Declaration of Quarterly Corporate Income Tax.

MIDTERM EXAM
5. Minimum Corporate Income Tax, IAET, and GIT.| Recitation / Seatwork /
Minimum Corporate Income Tax (MCIT). | Normal Tax Quiz
Versus MCIT. | Resident Foreign Corporation.| | Visual Materials
9th to 13th Improperly Accumulated Earnings Tax (IAET).| Gross
Week Compare income taxes of different
Income Tax (GIT) for Corporations.| Corporations and
types of taxpayers Double Taxation.
Discussion

Evaluate the taxation on

6. Estates and Trusts. | Taxable estates. | Taxable Trusts.| Mental Calisthenics
individuals
Gross Income. | Allowable Deductions.| Consolidation of
Justify exemptions from paying income of Two or More Trusts.
taxes
7. Taxation of Partnerships and Partners.| General
professional Partnerships.| General co-Partnerships.
 SEMI-FINAL EXAM
14th to 17th Evaluate the different strategies 8. Gross Income. | Compensation Income. | Business Visual Materials Recitation / Seatwork /
Week income. | Gains Derived from dealings in property. | Quiz
used by companies for their Interests. | Rents. | Royalties. | Dividends. | Annuities. |
taxation needs Pensions. . | Discussion

Measure the difference between 9. Special Treatment of fringe Benefits. . | Tax Base. . |
Monetary Value. . | Accounting for Fringe Benefit. Mental Calisthenics
the different type of corporations
10. Gains and Losses from Dealings in Property. | Capital
gains and Losses on sale or Exchange of Property. | Capital
Gains Tax on Disposition of Real Property. | Capital Gains
Assess the different types of taxes and Losses on Stock Transactions.. | Returns and Payment
that can be used by special of capital Gains Tax. | Persons Exempt from Payment of
corporations Capital Gains Tax .

Reconstruct the filing of returns

and payments of income tax
FINAL EXAM

GRADING SYSTEM
Prelim : 20%
Midterm : 20%
Semi-Final : 25%
Final : 35%
Final Grade 100%
PER GRADING PERIOD:
Major Examination
Quizzes
Papers/ Report
Class Participation
Attendance

REFERENCE MATERIALS:

Books

Income Taxation by WIN Ballada, CPA, MBA