Course Name TRANSFER and BUSINESS TAXATION/INCOME TAXATION

Course Credits Lec: 3 units Lab:

This course introduces the general principles of taxation and statutory provisions
on income taxation including pertinent revenue regulations. The main topics that
will be covered include: the general principles of taxation, sources of revenue and its sub-
Course Description
topics, determining income from employment, income from business, and income from property,
deductions from business and property income, capital gains and
losses, other income and deductions, computation of taxable income and tax administration.
Contact Hours per
3 lectures hours per week
Week
Pre-Requisites None
At the end of the course, the students are expected to:
Explain the sources, nature and purpose of taxation.
Apply the basic principles and policies of Philippine Income Tax Law.
Course Objectives
Describe the general structure of the Philippine Income Taxation system.
Explain and contrast the manner in which different entities are taxed.

WEEK/TIME INTENDED OUTCOME- CONTENT TEACHING AND RESOURCE

ALLOTMENT LEARNING BASED LEARNING MATERIALS
OUTCOMES (ILO) ASSESSMENT ACTIVITIES
(OBA) (TLAs)
Week 1 - Explain and Written exercises Introduction and overview Exercises
Discuss the History/origin of Taxes Lecture & questionnaire,
Introduction, Introduction to Internal Discussion ballpens, situs tax
overview, history Revenue Taxes Graphic organizers table
and origin of taxes Sources of Revenue from
-Understand the Internal Revenue Tax
introduction of Situs of Taxation
revenue taxes.
 - Identify the
sources of revenue
& revenue tax
-Distinguish situs of
taxation
Week 2 -Analyze the Exercises/Essay Transfer Taxes and Basic Lecture & Exercises
transfer taxes and Case study Succession Discussion questionnaire,
classify the basic Nature of Transfer Taxes Problem solving ballpens,
succession Basis of Estate Tax calculators,
-Determine the Basis of Succession testate & intestate
nature of transfer table
taxes and the basis
of estate tax
-calculate and solve
the value/amount of
estate tax
Week 3 -Explain what is Exercises/Case Gross Estate Lecture/Discussion Exercises
gross estate study Composition & Valuation of Graphic organizers questionnaire,
-Identify the Gross Estate Problem solving ballpens,
composition and calculators
calculate the value
of gross estate
Week 4 -Identify and Written exercises Deductions from Gross Estate Lecture/Discussion Exercises
determine all Case study Nature & Category questionnaire,
deductions from ballpens,
gross estate.
-Classify the nature
and category of
gross estate
Prelim Exam
Week 5 -Define estate tax Case study Estate Tax Lecture/Discussion Exercises
 -Identify all factors Practical test Problem solving questionnaire,
affecting estate tax ballpens,
-Calculate and solve calculators
the value of estate
tax
Week 6 -Explain what Essay Donor's Tax Lecture/Discussion Exercises
donors tax is. Case study Nature, Kinds, Characteristics questionnaire,
-Identify and classify Written test and Essentials ballpens,
the nature, kinds, calculators
characteristics and
essentials of donors
tax
Week 7 and -Explain what Case study Business Taxes Lecture/Discussion Exercises
8 business taxes are. Written test The VAT Reform Law Problem solving questionnaire,
-Discover the Vat ballpens,
Reform Law and
give an opinion on
this law.
Midterm
Exam
Week 9 -Classify the Written test Business Transfer and Lecture/Discussion Exercises
business transfer Exchange Transactions questionnaire,
and exchange ballpens,
transaction and
explain its nature.
Week 10 and -Explain what value Case Study Value-Added Tax Lecture/Discussion Exercises
11 added tax is. Essay Special VAT Problems and Problem solving questionnaire,
-Calculate and find Cases ballpens,
the amount of VAT calculators
-Analyze and
discuss special vat
problems and
 compare/relate it to
the given cases.
Week 12, 13, -Explain, Define and Case study Percentage Taxes Lecture/Discussion Exercises
14 Solve percentage, Practical test Excise Taxes questionnaire,
and 15 excise, local and Local Taxes ballpens,
documentary stamp Documentary Stamp Tax calculators
tax.
Final Exams

I. TEXTBOOKS/REFERENCES: Transfer and Business Taxation

REFERENCES Edwin Valencia/Gregorio Roxas
Income Taxation Books
Ma. Perpetua Arcilla-Serapio
RESA reviewer handouts and practice sets
https://en.wikipedia.org/wiki/Tax
http://www.investopedia.com/terms/t/taxation.asp

II. COURSE POLICIES:

1. Students must come to class on time, prepared and participate actively in the discussions; all requirements must
be submitted on time. Late submission will receive deductions.
2. No text messaging or entertaining of phone calls during class hours unless call is emergency. Using of
headphones during class hour is also prohibited. Please be courteous, turn off your cell phone while inside the
classroom.
3. Students with 3 consecutive absences will automatically be dropped from the class roll.
4. Students who wished to drop the course must do so officially and not just stop coming to class.
 5. Academic dishonesty: Any form of cheating or plagiarism in this course will result in zero on the exam, assignment
or project. Allowing others access to your work potentially involves you in cheating. Working with others to
produce very similar reports is plagiarism regardless of intent.
6. Problems encountered with the subject must be discussed to the instructor. Such consultation may be made in
person during designated time and at designated place.

III. Grading System:

Examination 40%
Attendance 20%
Quizzes/Exercises 20%
Activities/Recitation 20%

IV. Consultation Period:

DAY TIME PLACE
Saturday 1:00 2:00 PM Faculty Room