2018 Tax Updates as stated in the Tax Reform Law (TRAIN Law) Seminar / Workshop
ENDED
Workshop by
BGM LEARNING HUB
Inquire Now
On-Site
/ Workshop
PHP 2,285.00
Details
This course discusses the 2018 Tax updates as stated in the Tax Reform Law (TRAIN Law).
Included in the discussions are the new tax regulations on Withholding taxes of purely compensation income earners, the new Philhealth contributions schedule, and the new tax regulations on Income tax, including the presentation of the new Graduated Income tax rates as provided in the TRAIN Law (RA 10963).
Moreover, Tax computation for self-employed or professionals opting to pay the 8% income tax based on Gross sales or Gross receipts in excess of PHP 250,000, the contents of the new Quarterly ITR and Annual ITR, and the new deadline of filing and payment of First quarter ITR and Annual ITR (pertaining to Taxable year 2018) for individual taxpayers are also discussed.
Withholding tax updates as stated in RR 11-2018 and RR 14-2018 regarding compliance requirements by both the payee and the withholding agent will be tackled, as well as the tax compliance by medical professionals, hospitals, clinics, and HMOs.
Participants will also be able to review several attachments such as the Summary Alphalist of Witholding Tax (SAWT), Quarterly Alphalist of Payees (QAP), and Alphalist of Employees / Payees (Annual), and to review the existing Tax regulations for non-individual taxpayers such as corporations, partnerships, cooperatives, etc. (including the tax treatment of Excess MCIT Carry-forward).
With regard to Value-added tax (VAT), participants will have an understanding of the VAT-exempt and zero-rated transactions as stated in the TRAIN Law (RA 10963) and BIR Revenue regulation 13-2018, and the Tax update on the amortization of Creditable Input VAT. Quarterly Summary List of Sales and Purchases (also known as RELIEF) as an attachment to the eBIR Form 2550 Q will also be reviewed.
Finally, updates provided in the TRAIN Law (RA 10963) regarding the following topics are also taken up:
Included in the discussions are the new tax regulations on Withholding taxes of purely compensation income earners, the new Philhealth contributions schedule, and the new tax regulations on Income tax, including the presentation of the new Graduated Income tax rates as provided in the TRAIN Law (RA 10963).
Moreover, Tax computation for self-employed or professionals opting to pay the 8% income tax based on Gross sales or Gross receipts in excess of PHP 250,000, the contents of the new Quarterly ITR and Annual ITR, and the new deadline of filing and payment of First quarter ITR and Annual ITR (pertaining to Taxable year 2018) for individual taxpayers are also discussed.
Withholding tax updates as stated in RR 11-2018 and RR 14-2018 regarding compliance requirements by both the payee and the withholding agent will be tackled, as well as the tax compliance by medical professionals, hospitals, clinics, and HMOs.
Participants will also be able to review several attachments such as the Summary Alphalist of Witholding Tax (SAWT), Quarterly Alphalist of Payees (QAP), and Alphalist of Employees / Payees (Annual), and to review the existing Tax regulations for non-individual taxpayers such as corporations, partnerships, cooperatives, etc. (including the tax treatment of Excess MCIT Carry-forward).
With regard to Value-added tax (VAT), participants will have an understanding of the VAT-exempt and zero-rated transactions as stated in the TRAIN Law (RA 10963) and BIR Revenue regulation 13-2018, and the Tax update on the amortization of Creditable Input VAT. Quarterly Summary List of Sales and Purchases (also known as RELIEF) as an attachment to the eBIR Form 2550 Q will also be reviewed.
Finally, updates provided in the TRAIN Law (RA 10963) regarding the following topics are also taken up:
- CPA Certificate as an attachment to the Financial statements (FS) and eBIR Form 1701 (Annual ITR) of individual taxpayers whose Gross annual sales, earnings, receipts, or output is more than PHP 3 million
- BIR Registration requirements, Keeping of Books of accounts, and Issuance of receipts or sales or commercial invoices
- Some items in Estate tax, Donor's tax, Excise tax (Cigars and cigarettes, Manufactured oils and other fuels, Automobiles, Sweetened beverages, Mineral products, Non-essential services), and Documentary stamp tax
VISIT OUR WEBSITE (https://bgmlearninghub.weebly.com) FOR MORE DETAILS.
FOR INQUIRIES, CALL / TEXT US 0949 611 5904 (Smart) or 0905 315 3640 (Globe) or EMAIL US ([email protected]).
ALTERNATIVELY, DO MESSAGE US IN OUR FACEBOOK PAGE (https://www.facebook.com/BGM-Learning-Hub-1259682390841939)
TO ENROLL, PLEASE VISIT OUR WEBSITE (https://bgmlearninghub.weebly.com), AND CLICK THE TRAIN LAW SEMINAR / WORKSHOP. THE ONLINE REGISTRATION IS FOUND BELOW THE PROGRAM DETAILS.
After the online registration, please confirm your slot/s by making a deposit of PHP 850 per participant on or before JULY 04 (Wednesday). The balance of PHP 1,435 will be paid in Cash on the seminar date.
Check payments are also accepted 2 working days before the seminar, to allow bank clearing.
Please send a message to 0949 611 5904 (Smart) or 0905 315 3640 (Globe) or email [email protected] to request for the Bank details.
Please bring a calculator.
Outline
- 2018 Tax updates on Withholding taxes of purely compensation income earners (With Illustrative cases including preparation of Alphalist of employees using the Alphalist Data entry system & Alphalist Validation system)
- 2018 Tax updates on certain De minimis benefits (DMB) with new limit amounts as stated in BIR Revenue regulation 11-2018
- New Philhealth contributions schedule and recall of the SSS and Pag-IBIG contributions schedules
- 2018 Tax updates on Income tax (With Illustrative cases using the old and the new Graduated Income tax rates)
- Tax computation for self-employed or professionals opting to pay the 8% income tax based on Gross sales or Gross receipts in excess of PHP 250,000
- Contents of the new Quarterly ITR and Annual ITR
- New deadline of filing and payment of First quarter ITR and Annual ITR (pertaining to Taxable year 2018) for individual taxpayers
- Review of the Summary Alphalist of Witholding Tax (SAWT) as an attachment to the Quarterly ITR and Annual ITR
- 2018 Tax updates on the filing procedures of Expanded withholding taxes (EWT) and Final withholding taxes (FWT), including the submission of Quarterly Alphalist of Payees
- 2018 Tax updates on the new tax rates (5% and 10%) of creditable withholding taxes of individual payees as stated in BIR Revenue regulation 11-2018 and 14-2018
- 2018 Tax updates on the inclusion of Medium taxpayers and taxpayers listed in Taxpayer Account Management Program (TAMP) as Top withholding agents (BIR Revenue regulation 11-2018)
- Review of the Tax regulations for non-individual taxpayers such as corporations, partnerships, cooperatives, etc. (including the tax treatment of Excess MCIT Carry-forward)
- Instances where depreciation expense is not allowed as an itemized deduction for taxation purposes (as stated in BIR Revenue regulation 12-2012, and BIR Revenue memorandum circular 02-2013)
- Certificate on the compilation services for the preparation of the Financial Statements and Notes to the Financial Statements (as stated in BOA Resolution 03-2016)
- VAT-exempt transactions and transactions subject to 0% and 12% VAT as stated in the TRAIN Law (RA 10963) and BIR Revenue regulation 13-2018
- Tax update on the amortization of Creditable Input VAT limited until 31 December 2021
- Review of the Quarterly Summary List of Sales and Purchases (also known as RELIEF) as an attachment to the eBIR Form 2550 Q
- Senior citizen (SC) discount and Persons with disability (PWD) discount (as stated in BIR Revenue regulation 07-2010 and 05-2017)
- Three percentage (3%) tax for non-VAT registered entities
- Submission of Inventory list (as stated in BIR Revenue memorandum circular 57-2015
- Submission of Books of accounts (as stated in BIR Revenue memorandum circular 37-2016
- Update on the CPA Certificate as an attachment to the Financial statements (FS) and eBIR Form 1701 (Annual ITR) of individual taxpayers whose Gross annual sales, earnings, receipts, or output is more than PHP 3 million
- Updates on BIR Registration requirements, Keeping of Books of accounts, and Issuance of receipts or sales or commercial invoices
- 2018 Tax updates on some items in Estate tax, Donor's tax, Excise tax (Cigars and cigarettes, Manufactured oils and other fuels, Automobiles, Sweetened beverages, Mineral products, Non-essential services), and Documentary stamp tax
Speaker/s
Mr. Benedick G. Manalaysay is a Certified Public Accountant who currently provides Accounting and Taxation seminars to employees, entrepreneurs, business owners, freelancers, and professionals. He has provided accounting
workshops to business students starting their venture; NetSuite training to students enrolled in Basic Accounting course; and consulting services regarding business registration services of Micro, Small, and Medium Enterprises (MSME), tax compliance, and payroll
compliance. He has also been involved in improving the efficiencies of business areas or processes by giving recommendations. His past industry experiences include performing internal audit for a college and doing audit engagements for mining and retail clients
of SGV & Co. He has been been an instructor of Fundamentals of Accountancy at the De La Salle University (DLSU) and an instructor of Financial Accounting and Management Accounting at Chiang Kai Shek College. He holds a bachelor’s degree in Accountancy with
Dean’s List Honors Award from DLSU.
Special Offer
VISIT OUR WEBSITE (https://bgmlearninghub.weebly.com) FOR MORE DETAILS.
FOR INQUIRIES, CALL / TEXT US 0949 611 5904 (Smart) or 0905 315 3640 (Globe) or EMAIL US ([email protected]).
ALTERNATIVELY, DO MESSAGE US IN OUR FACEBOOK PAGE (https://www.facebook.com/BGM-Learning-Hub-1259682390841939)
TO ENROLL, PLEASE VISIT OUR WEBSITE (https://bgmlearninghub.weebly.com), AND CLICK THE TRAIN LAW SEMINAR / WORKSHOP. THE ONLINE REGISTRATION IS FOUND BELOW THE PROGRAM DETAILS.
After the online registration, please confirm your slot/s by making a deposit of PHP 850 per participant on or before JULY 04 (Wednesday). The balance of PHP 1,435 will be paid in Cash on the seminar date.
Check payments are also accepted 2 working days before the seminar, to allow bank clearing.
Please send a message to 0949 611 5904 (Smart) or 0905 315 3640 (Globe) or email [email protected] to request for the Bank details.
Please bring a calculator.
FOR INQUIRIES, CALL / TEXT US 0949 611 5904 (Smart) or 0905 315 3640 (Globe) or EMAIL US ([email protected]).
ALTERNATIVELY, DO MESSAGE US IN OUR FACEBOOK PAGE (https://www.facebook.com/BGM-Learning-Hub-1259682390841939)
TO ENROLL, PLEASE VISIT OUR WEBSITE (https://bgmlearninghub.weebly.com), AND CLICK THE TRAIN LAW SEMINAR / WORKSHOP. THE ONLINE REGISTRATION IS FOUND BELOW THE PROGRAM DETAILS.
After the online registration, please confirm your slot/s by making a deposit of PHP 850 per participant on or before JULY 04 (Wednesday). The balance of PHP 1,435 will be paid in Cash on the seminar date.
Check payments are also accepted 2 working days before the seminar, to allow bank clearing.
Please send a message to 0949 611 5904 (Smart) or 0905 315 3640 (Globe) or email [email protected] to request for the Bank details.
Please bring a calculator.
Reviews
Be the first to write a review about this course.
Write a Review
BGM LEARNING HUB plays a role in providing training, learning and development solutions to interested individuals or entities. It is also a preferred training provider of courses such as Accounting and Finance, Taxation, and other disciplines.
A comprehensive range of courses is offered that caters to the skills upgrading and professional development needs of persons with diverse backgrounds, to keep themselves abreast with new things and innovations in our ever-changing business world.
This range of courses includes training on Accounting for non-finance individuals, Payroll management, BIR Regulatory compliance on various tax types such as the Income tax, Value-added tax, and Withholding tax, and more.
Workshops and seminars conducted by our entity are designed and presented by experts in their fields with substantial practical experiences under their belt.
Comprehensive course materials are provided to the participants, and our courses incorporate hands-on exercises and demonstrations with the objectives of enhancing the learners’ skills and understanding, and ensuring that the course contents can be readily applied in the workplace.
Our desire and mission is to help people achieve their most audacious life goals. We enable people from all walks of life, from various professions and backgrounds, to adopt new skills which meet their objectives. Embracing lifelong learning and continuous growth are the things that we and our learners yearn for. ...
A comprehensive range of courses is offered that caters to the skills upgrading and professional development needs of persons with diverse backgrounds, to keep themselves abreast with new things and innovations in our ever-changing business world.
This range of courses includes training on Accounting for non-finance individuals, Payroll management, BIR Regulatory compliance on various tax types such as the Income tax, Value-added tax, and Withholding tax, and more.
Workshops and seminars conducted by our entity are designed and presented by experts in their fields with substantial practical experiences under their belt.
Comprehensive course materials are provided to the participants, and our courses incorporate hands-on exercises and demonstrations with the objectives of enhancing the learners’ skills and understanding, and ensuring that the course contents can be readily applied in the workplace.
Our desire and mission is to help people achieve their most audacious life goals. We enable people from all walks of life, from various professions and backgrounds, to adopt new skills which meet their objectives. Embracing lifelong learning and continuous growth are the things that we and our learners yearn for. ...
Related Courses
Asian Consulting Group
I4one Inc.
DV Optimum Corp.
BGM LEARNING HUB
