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    INTX211 Overview

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    Jemima Fernandez
    This document outlines the schedule and requirements for an Income Taxation class that meets from 4:50PM to 7:50PM three times a week. It will cover topics from the National Internal Revenue Code like income taxes, transfer taxes, business taxes, and documentary stamp tax. The class will include assigned readings from the textbook, assignments, quizzes before major exams, and recitations depending on class performance. Local government taxation, preferential taxation, and tax remedies will also be discussed.

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    INTX211 Overview

    Uploaded by

    Jemima Fernandez
    12 views1 page
    This document outlines the schedule and requirements for an Income Taxation class that meets from 4:50PM to 7:50PM three times a week. It will cover topics from the National Internal Revenue Code like income taxes, transfer taxes, business taxes, and documentary stamp tax. The class will include assigned readings from the textbook, assignments, quizzes before major exams, and recitations depending on class performance. Local government taxation, preferential taxation, and tax remedies will also be discussed.

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    Overview of Income Taxation

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    INTX211-Overview

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    This document outlines the schedule and requirements for an Income Taxation class that meets from 4:50PM to 7:50PM three times a week. It will cover topics from the National Internal Revenue Code like income taxes, transfer taxes, business taxes, and documentary stamp tax. The class will include assigned readings from the textbook, assignments, quizzes before major exams, and recitations depending on class performance. Local government taxation, preferential taxation, and tax remedies will also be discussed.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    12 views1 page

    INTX211 Overview

    Uploaded by

    Jemima Fernandez
    This document outlines the schedule and requirements for an Income Taxation class that meets from 4:50PM to 7:50PM three times a week. It will cover topics from the National Internal Revenue Code like income taxes, transfer taxes, business taxes, and documentary stamp tax. The class will include assigned readings from the textbook, assignments, quizzes before major exams, and recitations depending on class performance. Local government taxation, preferential taxation, and tax remedies will also be discussed.

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    NOTES:

     TIME: 4:50PM – 7:50PM


     REQUIRED BOOK: Income Taxation 2021 by Rex Manggawan
     ASSIGNMENTS: Notebook to be collected every assignment
     QUIZZES: Once before major exams (Prelims, Midterms, Finals) 3 in total
     SEATWORKS: Will answer activities on the book timely
     RECITATIONS: Depends on the performance of the class or individual grades
    A. NATIONAL INTERNAL REVENUE CODE (NIRC)

    NATIONAL INTERNAL
    REVENUE CODE (NIRC)

    INCOME TRANSFER BUSINESS DOCUMENTARY


    EXCISE
    TAXATION TAXES TAXES STAMP TAX

    ESTATE - V.A.T. - more


    patay na than 3M income
    nagpamana (e.g.
    last will)

    PERCENTAGE
    DONORS - TAX - less than
    buhay pa 3M income
    nagpamana

    B. LOCAL GOVERNMENT TAXATION – yung mga amelioration, etc.


    C. PREFERENTIAL TAXATION – yung may rules na may consideration sa mga mahihirap na citizens.
    D. TAX REMEDIES – mga exceptions and solutions about tax payment. POV of both government and payor.

    INCOME TAXATION

    GENERAL ADMINISTRATIVE
    PRINCIPLES OF GENERAL PRINCIPLES
    OF INCOME TAXATION COMPLIANCE
    TAXATION
    A. INDIVIDUAL –
    INCOME
    Tax table gagamitin
    FINAL INCOME TAX B. CORPORATE –
    Fixed tax gagamitin
    TAXPAYER

    CAPITAL GAINS TAX FORMULA:


    Gross Income XXX
    SITUS/ Allowable Deduction
    TERRITORIALITY (XXX)
    REGULAR INCOME
    TAX Taxable Income XXX

    Tax Due XXX


    Tax Credit
    (XXX)

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