BIR Tax Updates Quezon City

BIR Tax Updates Quezon City  

ASIAN INSTITUTE OF TAXATION

NO. 8 SCOUT TUASON ST, QUEZON CITY

PRC CPE ACCREDITATION NO. 002

We cordially invite you to a seminar on:

YEAR-END REQUIREMENTS FOR INCOME TAX, W-TAXES

& VAT, % TAXES AND OTHER TAX UPDATES

MORNING SESSION:

INCOME TAX AND WITHHOLDING TAXES

VARIOUS COMPLIANCE REQUIREMENTS

· Filing 2012 ITRs and additional attachments of regular itemized deductions (RMC 27-2013)

· Filing/submission of Certificate of Compensation Payment/Tax Withheld (RR 11-2013)

· “Tentative Annual ITRs” being filed by certain taxpayers (RMC 50-2013)

· Filing of ITRs of Phil nationals and aliens employed by foreign govts (RR 7-2013; 8-2013)

· Expands coverage of taxpayers required to file tax returns and pay taxes thru eFPS (RR 1-2013)

· eFPS Implementation (RMC 30-2013 AND RR 9-2001)

· eFPS Filing of tax returns affected by revised tax rates-alcohol,tobacco products (RMC 10-2013)

· Redemption Period on Foreclosed Properties (RMC 55-2011)

· Binding effect of Rulings prior to Jan 1, 1998 (RR 5-2012)

· Joint Ventures not taxable as corporations (RR 10-2012)

ON TAXABILITY OF CERTAIN INCOME ITEMS AND CLAIMING OF DEDUCTIONS

· Deposits/advances for expenses received by taxpayers (RMC 89-2012; 16-2013)

· Taxation of Shares of Stocks (RR 6-2013)

· Treatment of sale of jewelry to NRA not engaged in business in Phil or to NRFC (RR 5-2013)

· Asso dues & other assessments collected by Homeowners Asso.(RMC 65-2012; 9-2013)

· PAGCOR, its contractees and licensees (RMC 33-2013)

· Director’s Fees (RMC 77-2008)

· Contributions to GSIS, SSS, and HDMF in excess of compulsory (RMC 27-2011; 53-2011)

· Improperly Accumulated Earnings Tax (RMC 35-2011)

· Price Ceiling for Socialized Housing (RMC 30-2011)

· Interest on Savings and Time Deposits of Cooperative Members (RMC 47-2011)

· Tax Treatment of Separation Benefits (RMO 26-2011; RMO 36-2011)

· Income Payments for Media Advertising Placements (RMC 63-2012; 91-2012)

· Clubs operated exclusively for pleasure and recreation (RMC 35-2012)

· Condominium Corporations (RMC 65-2012)

· Requirements for deductibility of certain income payment (RR 12-2013; 63-2013)

· Deductibility of depreciation expenses on purchase of vehicles (RMC 2-2013)

ON WITHHOLDING TAXES

· On Real Estate practitioners (RR 10-2013)

· SAWT and MAP (RR 2-2006; RMC 3-2006)

· Government Money Payments (RMC 5-2006)

· EWT on payments of PHIC to Medical Practitioners (RMC 38-2011; RMC 49-2011)

· EWT on Professional Fees paid to Medical Practitioners (RR 14-2013)

· Exemption of GPPs from EWT (RMC 3-2012)

· Withholding on Compensation Income: de Minimis and Fringe Benefits (RR 2-2011)

AFTERNOON SESSION:

VALUE ADDED TAX AND OTHER PERCENTAGE TAXES

VARIOUS COMPLIANCE REQUIREMENTS

· Registration, Updates, Transfer and Cancellation (RR 7-2012)

· Invoicing and Accounting Requirements; Invoicing preparation

· Filing of Monthly VAT Declaration, Quarterly VAT Return and payment of net VAT payable

· Final Vat Withholding and Remittance

· Mandatory Submission of SLS, SLP, SLI (RR 1-2012)

· Preservation of Books of Accounts (RR 17-2013)

· Obligations of Exhibitor or Organizer and Privilege Store Operators (RR 16-2013)

· Machine Identification Number Sticker for CRM/POS machines (RR4-2013)

· Taxpayers’ obligations in relation to online business transactions (RMC 55-2013)

· Validity of unused/unissued receipts/invoices printed prior to Jan 18, 2013 (RMC 52-2013)

· Validity of unused/unissued receipts/invoices printed prior to Jan 18, 2013 (RMC 44-2013)

· Policies on submission of Inventory Report of all unused RORs/ORs (RMO 6-2013)

· Reportorial Requirements for Leasing of Commercial Spaces (RR 12-2011)

ON VATABILITY OF CERTAIN SALE OF SERVICES

· Effectivity of Threshold Amounts for VAT Purposes (RR 3-2012)

· Services provided by hotels to international air transport (RMC 31-2011)

· Business Taxes on Professionals (RMC 64-2012)

· Change of control of a corporation (RR 10-2011)

· Common Carrier’s Tax Liability of International Carriers (RR 11-2011)

RESOURCE PERSONS:

A. Income Tax, Withholding Taxes and Other Compliance Requirements

Atty. Victorino C. Mamalateo, Tax Professor and Reviewer (UP, Ateneo, etc.) Master of laws (Harvard

University), former BIR Asst Commissioner, Former P&A Tax Partner, Tax Consultant

B. Value Added Tax and Other Compliance Requirements

Mr. Arnold Apdua, LLB, CPA, Former Supervisor, Bureau of Internal Revenue, Tax Professor,

University of the East, Tax Consultant

Venue Max’s Restaurant, Scout Tuazon St., Quezon Cty

Date & Time December 6, 2013, 8am to 5:30pm

Seminar Fee

P2,500 + 12% VAT Includes seminar materials, Lunch, AM & PM snacks, certificate for 8

CPD Units (less 20% special discount on seminar fee for AIT Regular Members)

CPD UNITS: 8 Units on THEMATIC AREA: 2 – Pronouncements related to taxation

For Reservations: Please call Vicky at (02)448 5905 or (02)345 5905 or

(Sun) 0923-7224506, (Globe) 0906-4688970, (Smart) 0928-5522246

Just inform Vicky that you found the Bir tax updates details in www.philippinecpa.com

To Confirm Reservations: Please deposit registration fee at any branch of

East West Bank Savings Account No. 42-02-006359 (Tomas Morato Branch); or

Banco De Oro Savings Account No. 115 004 7656 (Tomas Morato Branch),

under the name of “Asian Institute of Taxation, Inc.”

Please fax deposit slip to (02) 448-5905.

Email us at vickylitiatco@yahoo.com

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REGISTRATION FORM

Name

Landline Mobile Email Add:

Company

Address

PLEASE BRING VALID IDs FOR REGISTRATION and TO CLAIM YOUR CPE CERTIFICATE

SJB Town Villa, No. 8 Scout Tuason St, Quezon City Tel Nos. 448-5905; 345-5905

Email: ait.ecaguirre@gmail.com or vickylitiatco@yahoo.com Website:www.asiantaxinstitute.com

“Competence Building Confidence”

BIR Tax Updates Quezon City