NOTRE DAME UNIVERSITY

COLLEGE OF BUSINESS AND ACCOUNTANCY

INCOME TAXATION SYLLABUS

Part I. Course Identification
Course BAC 2
Prefix/Number
Course Title TAXATION (INCOME TAXATION)
Course Units 3
Lecture 3
Course Total 54 Hours
Expected
Hours
Course This Course is an introduction to fundamental concepts in income taxation, including the
Description definition of income, the computation of tax liability, exclusions from income, basis,
deductions available for individuals in computing taxable income, and assignment of income.
The course will also present brief overviews of concepts explored in more detail in other
courses, including capital gains and losses and timing issues.

Course This course is intended for business students to learn fundamentals of Philippine income
General Goals taxation in order to help prepare students to recognize and appreciate income tax issues of
and Objectives transactions and events encountered in the general practice of their profession.
The course will help students identify sources of taxable income for individuals, to
differentiate between types and benefits of tax deductions, to calculate the taxable income
and resulting tax liability of an individual and to determine the amount owed or refund due
when filing the individual tax return.

Course BSBA-FM
Audience
Course None
Prerequisites
Learning Upon Completion of this course, students should be able to:
Competencies  Understand the nature of taxation, the types of taxes and rate structures.
 Describe the concepts of gross income, adjusted gross income, and table income for
individual taxpayers.
 Calculate individual taxes from the tax rate schedules describe and apply rules for
taxation of different types of income including wages, interest, dividends, and capital
gains.
 Differentiate between capital gain income and other types of income, including the
carry over rules for capital losses.
 Know the various categories of deductions included in itemized deductions.
 To be familiar with the types if taxes, BIR forms used in filing the return, deadlines of
filing and payments and the computation of amount that should be reflected in the
returns, to be aware of the possible remedies in case of tax assessment.

Other General 1. Quizzes and Assignments.

Course These are questions/requirements asked to evaluate the students’ knowledge and
Requirements understanding of the topics discussed.
2. Oral Recitation/Participation.
Students must participate in the discussion.
3. Examinations (First Trinal, Midterm Final)
These are major exams which may compose of the following:
 Objective Type – Questions/requirements will determine the students’ knowledge
applicable to the profession.
 Multiple Choices – Students should be trained to answer multiple choices form of
questions/requirements.
 Problem Solving – This course includes quantitative analysis.

Evaluation There should be a pre-test given to students in every new lessons. In this way students will
Procedures for be forced to read before entering the classroom. Seatworks and quizzes should be given
Course every after the discussions.
Learning Students are required to solve on the board and explain the concept and the process of
Competency solving.
Students are required to ask a questions and comments after the discussions.
Attendance Attendance of students is monitored every class period by the faculty. Students are required
Policy to attend 80% of the total number of class per semester.
Student Absences – Missed class due to late enrolment/registration are considered
absences. Allowable absences should only be 20% of the entire class and laboratory hours
per semester. Three times tardy shall be equivalent to one day absence.

Evaluation and Class Standing: First Trinal Midterm Final

Grading Policy Assignment/Seatwork 50 50 50
Quizzes/Case Analysis/Oral Recitation 50 50 50
Total 100 100 100

Term Grades:
Class Standing 60 60 60
Trinal Examination 40 40 40
Total 100 100 100
Previous Trinal Grade - 33 50
Current Trinal Grade 100 67 50
Final Grade 100 100 100

Leaning Valencia, Edwin G. and Roxas, Gregorio F. Income Taxation Principles and Laws with
Resources/Ref Accounting Applications, Valencia Educational Supply, Baguio, Philippines
erence Reyes, Virgilio D. A Handbook on Taxation with the Tax Reforms for Acceleration and
Materials Inclusion (TRAIN)
De Leon, JR., Hector S. and De Leon, Hector M. The fundamentals of taxation
Internet www.bir.gov.ph
Reference
Part II. Course Schedule Matrix
Week Learning Outcomes Topics Teaching Values Assessment/ References
Learning Integration Evaluation
Activities
(TLA)

1&2 1.Identify Powers of Introductory Discussion Excellence Pre-test Book

the Estate Concepts Participation Seatwork
2. Define Taxation 1.1Introduction to
3. Define purpose of Taxation
Taxation 1.2 Tax
4. Identify powers Administration
and Duties of BIR
3&4 1.Identify Income Discussion Excellence Pre-test Book
classifications of tax Recognition, Participation Integrity Quiz
payer Measurement
2. Define Income and Reporting
Taxation and Taxpayer
Classifications
2.1 Introduction
to Income
taxation
2.2 Tax Schemes.
Periods and
Methods and
Reporting
5 1.Identify Special Special Income Discussion Excellence Pre-test Book
Income Taxation Participation Integrity Quiz
2. Identify Final 3.1 Final Income
Income & Capital Taxation
Gains 3.2 Capital Gains
 3. Explain the Taxation
difference between
capital gains and
other income.
6 FIRST TRINAL EXAMINATION
7,8,9, 1.Explain the concept Regular Income Discussion Excellence Pre-rest Book
10,11 of Gross Income taxation Participation Integrity Seatwork
2. Calculate the 4.1 Introduction Quiz
Gross Income to Regular
3. Identify what is Income Taxation
included and 4.2 Exclusions in
excluded in Gross Gross Income
Income 4.3 Inclusions in
4. Explain the rules Gross Income
for taxation of 4.4
different types of Compensation
income. Income
4.5 Fringe
Benefits Taxation
4.6 Dealing in
Properties
4.7 Principles of
Deductions
4.8 Regular
Allowable
Itemized
Deductions
4.9 Special
Allowable
Itemized
Deductions
 4.11 Corporate
Income Taxation
4.12
Partnerships, Co-
Ownerships,
Joint Ventures
Income Taxation
4.13 Estates and
Trusts Income
Taxation
12 MIDTERM EXAMINATION
13 1. Identify income to Discussion Awareness Pre-rest Book
be withheld. Participation Excellence Seatwork
2. Identify income Integrity Quiz
exempt from Withholding
withholding taxes Taxes
14 1.Be familiar with BIR Discussion Awareness Pre-rest Book
forms used in filing Participation Excellence Seatwork
the return and Integrity Quiz
deadlines of filing
2. Identify when the
obligation to pay tax is Return and
due Payment of Tax
15,16 1.Identify Compliance Compliance Discussion Awareness Pre-rest Book
Requirements, Requirements, Participation Excellence Seatwork
Penalties and Penalties and Integrity Quiz
Remedies Remedies
17 FINAL EXAMINATION