CURRICULUM:
COURSE CODE
COURSE TITLE
CMO 27, s-2017 (Effective School Year 2018-2019)
BA3304
UNITS
Income Taxation
Three (3)
FEU CAVITE VISION-MISSION
MISSION
VISION
Guided by the core values of Fortitude, Excellence and
Uprightness FEU-Cavite aims to be a professional institution
responsive to the needs of ASEAN community.



Sustain the Founder’s legacy in providing quality
education to improve quality of life Provide a strong
foundation in general and professional education
which reflects fundamental respect for others
Prepare students capability to meet the demands and
standards of a changing society
Produce highly employable and productive graduates
HIGHER EDUCATION DEPARTMENT (HED) VISION-MISSION
MISSION
VISION
Guided by the core values of Fortitude, Excellence,
Uprightness, and Compassion, FEU Cavite Higher
Education Department, a leading professional institution,
produces future-ready global citizens and champions the
development of society.





Sustains the Founder's pioneering spirit in education
and nation building;
Implement an OBE-aligned General Education
Curriculum and professional programs;
Offer future-ready education through technologyenabled and adaptive learning approaches;
Provide transformational learning; and
Develop industry-responsive and enterprising
individuals.
PROGRAM OUTCOMES
The Bachelor of Science in Business Administration (BSBA) Major in Marketing Management programs shall collaborate and
strongly integrate with industry to be able to:
A. Provide learning experiences that deliver a supportive program of study and activities which contribute to the
students’ well-being and social development, so as to make them qualified graduates who can integrate their
professional growthand intellectual development;
B. Enhance students’ professional knowledge by equipping them with necessary managerial, leadership, interpersonal
and technical skills needed in today’s digital economy and changing business environment;
C. Develop students’ proficiency to apply global perspectives to analyze accounting and business issues;
D. Produce accounting graduates with strong foundation for pursuing further studies and advancing in their careers for
professional certification;
E. Use analytical and research skills to monitor evolving accounting standards and practices
COURSE SYLLABUS
DEPARTMENT
COURSE
HIGHER EDUCATION (HED)
CREDIT UNIT/S
PREREQUISITE
Three (3)
COURSE
DESCRIPTION
COURSE
LEARNING
OUTCOMES
PROGRAM
BSBA
BA3304 Income Taxation
CONTACT HOURS
Lecture :
3
Laboratory :
none
CO-REQUISITE
none
This introductory Taxation course is primarily concerned with income taxation its principles and
legislature rooting such as the NIRC of 1997 and the new TRAIN and CREATE Laws. The objective
is to develop a working knowledge of the basic principles and rules of the income tax system as these
apply to individuals, partnerships and corporations. It covers an overview of the national tax system, and
the income taxation of employees and unincorporated businesses and incorporated businesses. It
provides the students with knowledge of the capital gains tax, final tax on certain passive income, and
the year-end tax. Including the minimum corporate income tax, the normal tax, and the improperly
accumulated profits tax of corporations and withholding taxes. Tax forms are provided for specific topics
discussed
As measured by quizzes, board work, homework and periodic major examinations, students completing
this course are expected to:
1. Demonstrate understanding on the principles of Taxation and its Remedies
2. Demonstrate an understanding on the power and authority of BIR commissioner
3. Demonstrate knowledge on Tax Remedies
4. Demonstrate an understanding on the Income Tax on individuals and corporations
Far Eastern College
Higher Education Department (HED): (046) 419 8500 to 09, local 206
MetroGate Silang Estates, Silang, Cavite, Philippines 4118
5.
Demonstrate understanding on the compliance of taxpayer and tax basis and compliance
requirements
CURRICULUM MAP
1.
2.
3.
4.
5.
A
COURSE LEARNING OUTCOMES (CLO)
Demonstrate understanding on the principles of Taxation and its
Remedies
L,O
Demonstrate an understanding on the power and authority of
BIR commissioner
L,O
Demonstrate knowledge on basis for income taxes, gross income
and deductible expenses
L,O
Demonstrate an understanding on the Income Tax on individuals
and corporations, tax payment and tax returns preparation
L,O
Demonstrate understanding on the compliance of taxpayer and
tax basis and compliance requirements
L,O
PROGRAM OUTCOMES
B
C
D
E
L,P
L,P,O
L,O
L,P,O
L,P
L,P,O
L,O
L,P,O
L,P
L,P,O
L,O
L,P,O
L,P
L,P,O
L,O
L,P,O
L,P
L,P,O
L,O
L,P,O
Legends:
L – Learning
P – Practice
O - Opportunity
LEARNING PLAN
WEEK
1
2
3
4
TOPICS
Course Orientation
 VMO of the School, Department and Course
 Overview of the course contents
 Grading System
 Policies and Guidelines in lecture and
Laboratory
 Project and Researches
Principles of Taxation and its Remedies
o Nature, scope, classification, and essential
characteristics
o Principles of sound tax system
o Limitations of the power of taxation
(inherent limitations and constitutional
limitations)
o Differences between taxation and police power
o Differences between taxation and eminent
domain
Principles of Taxation and its Remedies (cont.)
o Similarities among taxation, police power and
eminent domain
o Tax evasion vs. tax avoidance
o Sites/place of taxation
o Double taxation (direct and indirect)
Taxes (essential characteristics, classification,
tax vs. other charges (toll, special assessment,
license fee, debt)
Powers and Authority of the Commissioner of
Internal Revenue under Section 4 to 7, Title 1 of the
Tax Code
TEACHING AND
LEARNING
ACTIVITIES
(TLA)
ASSESSMENT
TASK (AT)
Lecture
Discussion
Group interaction
Critical thinking
Recitation
Essay
Lecture
Group discussion
Class participation
Critical thinking
Problem analysis
and solving
Quizzes
Board work
Seat work
Case presentation
Lecture
Group discussion
Class participation
Critical thinking
Problem analysis
and solving
Quizzes
Board work
Seat work
Case presentation
Lecture
Group discussion
Class participation
Critical thinking
Quizzes
Board work
Seat work
Case presentation
Far Eastern College
Higher Education Department (HED): (046) 419 8500 to 09, local 206
MetroGate Silang Estates, Silang, Cavite, Philippines 4118
CLO
-
1
1
1,2
Authority of the Commissioner to Compromise
Tax Payments, Abate or Cancel Tax Liability and
Refund or Credit Taxes
5
Tax Remedies
o
o
o
6
7
8
Problem analysis
and solving
Remedies of the government (State)
(Definition, scope, prescriptive period,
Administrative remedies (tax lien,
compromise, levy and distraint), Judicial
actions (civil or criminal)
Remedies of the taxpayer (Prescriptive
periods, Administrative remedies (a) Against
an assessment (protest, request for
reinvestigation); (b) Request for refund or
credit of taxes (recovery of erroneously or
illegally collected taxes, forfeiture of cash
refund and tax credit)
Expanded jurisdiction of the Court of Tax
Appeals (limited to jurisdiction)
Income Tax
o Taxpayer and tax base
 Individuals
1. Classification (citizens, aliens,
pure compensation come earner,
mixed income earner)
2. Basic and personal exemptions
3. Premium payments for health
and/or hospitalization insurance
4. Tax on aliens employed by
regional operating headquarters of
multinationals, offshore banking
units, petroleum service contractor
or subcontractor
Income Tax (cont.)
o Taxpayer and tax base
 Corporations
1. Classification (domestic or foreign)
2. Income Taxes
i. Regular corporate income tax
ii. Minimum corporate income tax
iii. Optional corporate income tax
iv. Improperly accumulated earnings
tax
Income Tax (cont.)
o Taxpayer and tax base
 Corporations (cont.)
3. Special Corporations
i. Domestic
(proprietary
educational institution, non-profit
hospitals, government owned or
controlled corporation, etc.)
ii. ii. Resident foreign (international
carriers, offshore banking units,
regional operating headquarters of
multinationals, branch profits
remittances)
iii. iii. Non-resident foreign (lessors of
equipment, aircraft and machinery;
owners of vessels chartered by
Lecture
Group discussion
Class participation
Critical thinking
Problem analysis
and solving
Quizzes
Board work
Seat work
Case presentation
Lecture
Group discussion
Class participation
Critical thinking
Problem analysis
and solving
Quizzes
Board work
Seat work
Case presentation
Lecture
Group discussion
Class participation
Critical thinking
Problem analysis
and solving
Quizzes
Board work
Seat work
Case presentation
Lecture
Group discussion
Class participation
Critical thinking
Problem analysis
and solving
Quizzes
Board work
Seat work
Case presentation
Far Eastern College
Higher Education Department (HED): (046) 419 8500 to 09, local 206
MetroGate Silang Estates, Silang, Cavite, Philippines 4118
2,3
2,3
2,3
2,3
Philippine nationals, lessor,
distributor or owner of
cinematographic films)
9
Income Tax (cont.)
o Taxpayer and tax base
 Partnerships (general professional
business partnerships)
 Joint ventures (exempt and taxable)
 Estate and trust (exempt and taxable)
Lecture
Quizzes
Group discussion
Board work
Class participation
Seat work
Critical thinking
Case presentation
Problem analysis
and solving
MIDTERM EXAMINATION (THEORIES AND PROBLEMS)
10
11
12
13
Income Tax (cont.)
o Gross Income
 Inclusions in the gross income
(compensation for services, income
derived from business, trade practice of
profession, gains derived from dealings in
property, interest, rents, royalties,
dividends, annuities, prizes and
winnings, pensions, partner’s distributive
share from the net income of the general
professional partnership; other income
including special problems such as
mergers and consolidation, sale)
transfers to controlled corporation, wash
 Exclusions from gross income
 Passive income subject to final tax
 Capital gains tax on sale of real
property classified as capital asset and the
applicable documentary stamp tax
(including exemption from the capital
gains tax)
 Capital gains tax on sale of shares of stock
not through the local stock exchange and
the applicable documentary stamp tax

Final income tax on fringe benefits
(including exemptions
Income Tax (cont.)
o Deduction from Gross Income
 Itemized deductions
 Items not deductible
 Optional standard deduction
Income Tax (cont.)
o Accounting periods period (calendar year,
fiscal year, short accounting
o Accounting methods (cash, accrual,
installment method, deferred payment
method, lump sum or outright method, annual
or spread out method, percentage of
completion method, net worth method of
determining taxable income)
Income Tax (cont.)
o Income Tax Preparation and Tax Payment
(venue and due dates)
o Regular filing (including substituted filing of
return and electronic filing)
o Large taxpayers and non-large taxpayers
Lecture
Group discussion
Class participation
Critical thinking
Problem analysis
and solving
Quizzes
Board work
Seat work
Case presentation
Lecture
Group discussion
Class participation
Critical thinking
Problem analysis
and solving
Quizzes
Board work
Seat work
Case presentation
Lecture
Group discussion
Class participation
Critical thinking
Problem analysis
and solving
Quizzes
Board work
Seat work
Case presentation
Lecture
Group discussion
Class participation
Critical thinking
Quizzes
Board work
Seat work
Case presentation
Far Eastern College
Higher Education Department (HED): (046) 419 8500 to 09, local 206
MetroGate Silang Estates, Silang, Cavite, Philippines 4118
2,3
2,3
2,3
2,3
2,3
o
14
15
16
17
18
Income tax credits (local and foreign)
Income
o Payment of taxes in installment
i. Capital gains tax
ii. Tax due exceeds P2,000.00
o Withholding taxes (at source, expanded or
creditable withholding tax, final withholding
taxes and withholding tax on government
payments)
Compliance Requirements
o
Administrative requirements (registration,
issuance of receipts, printing of receipts)
o
Attachments to the income tax return,
including CPA certificate, per NIRC
requirement
Compliance Requirements(cont.)
o Keeping of books of accounts and records,
including report of inventories
o Prescriptive period of books of accounts and
other accounting records
Other Topic
o Special regulations applicable to groups of
companies
o Minimizing and deferring tax liabilities
Other Topic (cont.)
o Purchases and sales of a company’s own shares
o Tax effects of the acquisition and sales of
companies owned
Problem analysis
and solving
Lecture
Group discussion
Class participation
Critical thinking
Problem analysis
and solving
Quizzes
Board work
Seat work
Case presentation
Lecture
Group discussion
Class participation
Critical thinking
Problem analysis
and solving
Quizzes
Board work
Seat work
Case presentation
5
Lecture
Group discussion
Class participation
Critical thinking
Problem analysis
and solving
Quizzes
Board work
Seat work
Case presentation
5
Lecture
Group discussion
Class participation
Critical thinking
\
Quizzes
Board work
Seat work
Case presentation
Lecture
Group discussion
Class participation
Critical thinking
\
Quizzes
Board work
Seat work
Case presentation
FINAL EXAMINATION (THEORIES AND PROBLEMS)
*** Nothing Follows ***
Far Eastern College
Higher Education Department (HED): (046) 419 8500 to 09, local 206
MetroGate Silang Estates, Silang, Cavite, Philippines 4118
1,2,3, 4
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