Complete Tax Toolkit
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
Speaker
Course Outline
Part I.
- Withholding Taxes on Compensation
- Local Business Taxes
- Final Withholding Taxes
- Fringe Benefit Taxes
- Penalties (and more importantly, how to avoid them)
- What to do when issued a Letter of Authority LOA
- Tax Reduction
Part II.
- Tax Calendar
- Tax Dates
- Workshop 1:Determining the Applicable Tax Dates that Applies to your Organization/Business
- 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
- Ways of Tax Returns Filing and Payment
- Manual Filing
- Electronic Filing and Payment
Part III. Tax Reform for Acceleration and Inclusion Act (TRAIN)
- The new compensation tax table
- The comparison between the new tax table and the amended tax table
- The new tax rate on fringe benefit tax
- New final tax rate on fringe benefits given to non-rank and file employees
- The new 13th month pay and other benefits threshold
- Income tax amendment on self-employed and/or professionals
- Amendments on Income Tax of self-employed and/or professionals
- Overview on Estate Taxes
- The new tax rate on donor’s tax
- The computation of donors and fringe benefit tax
- Overview on Amended excise taxes
- Documentary stamp tax
- Amendments on VAT
- The amendments on VAT and thresholds
- Changes in keeping books of accounts
- 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 | Sarah Songalia, CPA, RFC Managing Director: Entrepreneurs Accounting Academy |
| 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 |