Complete Tax Toolkit

+ TRAIN

Tax Reform for Acceleration and Inclusion

The Tax Reform for Acceleration and Inclusion (TRAIN) is the first package of the comprehensive tax reform program (CTRP) envisioned by President’s administration, which seeks to to correct a number of deficiencies in the tax system to make it simpler, fairer, and more efficient.

March 15-16, 2018
RCBC-Caseroom (Theater Set-up)
RCBC Plaza Tower 2, H.V. Dela Costa, Makati, Metro Manila

Speakers

  • Sarah S. Songalia

    Sarah S. Songalia

    Sarah Saavedra-Songalia is the Managing Director of Saavedra Songalia & Associates.
    Sarah started her professional career early during her college days at University of the Philippines Tacloban Campus, working part time for the Commission on Audit (COA) and the Social Security System. After obtaining her CPA, she formally ventured into the world of accounting with Sycip, Gorres and Velayo (SGV), the country’s premier accounting firm. She worked with the Audit, Consulting and Outsourcing departments, which kicked off her progressive career in the industry.
    Currently, Sarah continues to do consulting work for companies seeking providing alternative finance and accounting solutions.

Course Outline

Part I.  

  1. Withholding Taxes on Compensation
  2. Local Business Taxes
  3. Final Withholding Taxes
  4. Fringe Benefit Taxes
  5. Penalties (and more importantly, how to avoid them)
  6. What to do when issued a Letter of Authority LOA
  7. Tax Reduction

Part II.  

  1. Tax Calendar
    • Tax Dates
    • Workshop 1:Determining the Applicable Tax Dates that Applies to your Organization/Business
  2. BIR Forms
    • Different Kinds and its Individual Importance
    • Individual Workshop: Determining the Applicable BIR Forms that Applies to your Organization/Business
    • Individual Workshop: Accomplishing the Applicable BIR Forms that Applies to your Organization/Business
  3. Ways of Tax Returns Filing and Payment
    • Manual Filing
    • Electronic Filing and Payment

Part III. Tax Reform for Acceleration and Inclusion Act (TRAIN)

  1. The new compensation tax table
  2. The comparison between the new tax table and the amended tax table
  3. The new tax rate on fringe benefit tax
  4. New final tax rate on fringe benefits given to non-rank and file employees
  5. The new 13th month pay and other benefits threshold
  6. Income tax amendment on self-employed and/or professionals
  7. Amendments on Income Tax of self-employed and/or professionals
  8. Overview on Estate Taxes
  9. The new tax rate on donor’s tax
  10. The computation of donors and fringe benefit tax
  11. Overview on Amended excise taxes
  12. Documentary stamp tax
  13. Amendments on VAT
  14. The amendments on VAT and thresholds
  15. Changes in keeping books of accounts
  16. Amended percentage taxes
Day 1


7:30-8:00 Registration
8:00-8:10 Sarah Songalia, CPA, RFC
Managing Director: Entrepreneurs Accounting Academy
8:11-9:00 Discussion: Part I
9:01-9:15 AM Snack
9:16-12:00 Resume Discussion: Part I
12:00-1:00 Lunch
1:01-3:00 Discussion: Part II
3:00-3:15 PM Snack
3:16-5:00 Discussion: Part II
5:01-5:15 Closing and Awarding of Plaque of Appreciation
Day 2


7:30-8:00 Registration
8:00-8:10 Ma. Lourdes D. Narvaez
Assistant Chief, Public Informations and Education Division Bureau of Internal Revenue
8:11-9:00 Discussion: TRAIN
9:01-9:15 AM Snack
9:16-12:00 Resume Discussion: TRAIN
12:00-1:00 Lunch
1:01-2:45 Resume Discussion: TRAIN
3:00-3:15 PM Snack
3:16-5:00 Open Forum
5:00-5:15 Closing and Awarding of Plaque of Appreciation

Registration Fee:

Php 14,500

Php 5,000

Inclusions:

✓ AM/PM Snacks

✓ Lunch

✓ Certificate of Attendance

✓ CPD units

✓ Handouts