DE LA LA SALLE UNIVERSITY MANILA Syllabus COLLEGE: College of Business DEPARTMENT: Commercial Law COURSE CODE: TAXBUSI/Law on Transfer and

d Business Taxes CLASS DAYS AND CLASS TIME: Mon/Thurs 1440-1610 INSTRUCTOR: Atty. Antonio A. Ligon COURSE DESCRIPTION: ROOM: L228

The course is the introduction to taxation and income tax. It deals with the underlying principles behind the imposition of the tax in general, and income tax and other business taxes in particular. It emphasizes the social and moral responsibility of the people to pay the taxes in support of the government in order that the government will be able to discharge its appropriate functions, render services it can provide to its citizenry. The emphasis is on the application of the theory and principles in understanding Philippine tax system and solving income tax problems. It tests the students conceptual knowledge and proficiency in the practical application of the law as they relate to accounting practice, and use the same knowledge to enhance human development and social transformation. The course is divided into fourteen (14) weeks at two (2) meetings/week. Each session last for one hour and a half (1 ).

LEARNING OUTCOMES (LO):

On the completion of the term, the student is expected to accomplish the following: To assess, interpret and analyze the taxpayers obligations and responsibilities, and apply the existing tax principles and encourage tax compliance in dealing with personal and business concerns.
FINAL COURSE OUTPUT:
As evidence of attaining the above learning outcomes, the student is required to do and submit the following during the indicated dates of the term.

LEARNING OUTCOME
LO:

REQUIRED OUTPUT
Determination of the Proper Tax Returns to be submitted to the Government Entity Determination of Proper Business Permit for different business Preparation and presentation of estate plans Preparation and presentation of business tax plans for various entities.

To assess, interpret and analyze the taxpayers obligations and responsibilities, and apply the existing tax principles and encourage tax compliance in dealing with personal and business concerns.

RUBRIC FOR ASSESSMENT: CRITERIA EXEMPLARY 4 SATISFACTORY 3 DEVELOPING 2 BEGINNING 1

60-100
Accuracy in Preparation of ETR & Donors Tax Returns Consistency in Classifying Gross Estate /Deductions Donations Correctness in Computation of Problems in determining Taxes due to Government Proper Classification Clean and Orderly presentation Completeness

30 to 60
Ability to fill in Tax Returns

10 to 30

0 to 10 points

Sytematic and simplified computation

Clear Distinction of Gross Estate/Deductions Donations/ Exemption to Donations Organization of different items

TOTAL:

OTHER REQUIREMENTS AND ASSESSMENTS:

Aside from the final output, the student will be assessed at other times during the term by the following: Result of the Written Examination Recitation Individual & Group Exercise in preparing the Output

GRADING SYSTEM: The student will be graded according to the following:

LEARNING PLAN: LEARNING OUTCOME TOPIC
Basic Principle of Taxation Provisions of 1987 Constitution Principle of Transfer Taxes Taxation Basic Provisions on Wills & Succession Estate Taxation/ Different Property Relations in Marriage Settlement Donors Taxation Principle of Business Taxes Value Added Taxes Excise Taxes & Documentary Taxes Remedies & Procedure on Possible Tax Litigations

WEEK NO.
1 2 3 4-5 6-7

LEARNING ACTIVITIES
Research; Discussion; oral and written examination Recitation; Discussion of the Applicable Constitutional Provision to Taxation Research Preparation and Application of the Principles in Filling up of ETR Computation, Practice Computation in Filling Up ETR Applying the different form of marriage settlement Computation, Recitation Discussion/ Recitation Research; Classification and Practice Identification of Transactions; Filling of ITR

8 9 1011 12

REFERENCES:

PRESCRIBED TEXTBOOK : Reyes, Virgilio D., Transfer and Business Taxes latest edition

SUGGESTED REFERENCES A. Books National Internal Revenue Code, as amended, latest edition Llamado Jr., Crispin P and Manuel M. San Diego, Hector de Leon, The Law on Transfer and Business Taxation, latest edition Philippine Income Tax, latest edition De Leon, Hector S. and Hector M. de Leon, Jr., The Fundamentals of Taxation, latest edition B Revenue Regulations, Memorandum Circulars C. Supreme Court decisions ONLINE AND ELECTRONIC RESOURCES:
Sources of Case-Laws / Jurisprudence: Lex Libris, CD Technologies Asia, Inc.

Supreme Court Website www.sc.judiciary.gov.ph BIR Website: www.bir.gov.ph Philippine Laws and Jurisprudence Databank: www.lawphil.net

CLASS POLICIES:
Attendance. Students are expected to come to class diligently and on time. The maximum class days that a student may be absent is 5 day. 2 occasions of tardiness constitute 1 absence from class. Absence approved and sanctioned by the University shall not be counted against the student. However, the student is nevertheless responsible and therefore not excused for missed class activities, tests and other class requirements. Written Output. All exams, projects, reports, papers and other written outputs must be submitted on time or not later than the date and the time specified by the professor. Any requirement submitted after the specified date and time shall no longer be received and accepted, and shall get a grade of 0.0. Respect and Decorum. The students are expected to observe proper decorum and shall give respect to both his/her professor and classmates. Final Grade. As a general rule, the passing grade for the class is 1.0. However, for Accountancy students, the passing grade is 2.0. Cheating, Plagiarism and Acts of Dishonesty. Any form of dishonesty is extremely prohibited and shall be severely dealt with by the University through the Discipline Office and the Student Handbook.