NEGROS ORIENTAL STATE UNIVERSITY

Instructor: Frederick Celestial Roda, CPA

Course Code:
BA 203

Course Title:
Income taxation

Course Description:
This course as a continuation of income taxation will expose you to the principles and laws of
income taxation, its standards and procedures, and corresponding promulgations and how they are applied
in a realistic Philippine setting. The course covers general principles of taxation, taxation for individual,
taxation for corporation t, procedural tax remedies available both to the state and taxpayers, and the latest
provisions on economic zone taxes and electronic filing and payment of taxes based on the provisions of
the National Internal Revenue Code, latest Revenue

Regulations, BIR and Court rulings, Civil Code and Family Code. A profound understanding of
the provisions of these rulings will strengthen your analytical capabilities necessary in taking relevant
governmental examinations, application to practical industry customs, future employment or
entrepreneurship (has passion for excellence), in participating responsibly in the church (God-loving)and
nation building (patriotic)

All these are achieved through excellent instruction, relevant and responsive research
and/or extension services, and quality-assured production of a true NOrSUnian with the core
values of SAPPHIRE needed to become dynamic, competitive and globally responsive.

Required Readings:
Income Taxation 2020, Omar Erasmo G. Ampongan

Topics Covered/ Weekly Lecture Schedule:

Required Readings:

Week 1: NOrSU Pre-liminaries

Week 2: General Principles
Week 3: The Bureau of Internal Revenue
Week 4: Items and Concept of Income
Week 5: Fringe Benefits and Fridge Benefits Tax
Week 6: Exclusions from Gross Income
Week 7: Taxation of Individuals
Week 8: Taxation of Corporations
Week 9: Taxation of Corporations
Week 10: Midterm
Week 11: Taxation of estate and trusts
Week 12: Sources of Income
Week 13: Sales or Exchanges of Capital Assets
Week 14: Deductions from Gross Income
Week 15: Expenses, Interest and Taxes
Week 16: Loss, Bad Debts, Depreciation and Depletions
Week 17: Tax Remedies
Week 18: Finals