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Train Law Seminar - 4th Run!

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Training by I4one Inc.

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On-Site / Training

PHP 3,358.88

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TRAINING INCLUSION:

•Hotel Venue

•Training Certificate- 8 CPD units

•Training Materials

•Food ( AM, PM, Lunch)

•Fun-filled Training Experience

Outline

l.Tax Reform for Acceleration and Inclusion Act (TRAIN)
A. House of Representative version
B. Senate of the Philippines version
C. Signing of the Bill into Law
II. Income Tax Rates for Taxable Income of Individuals
A. Who are covered
B. Applicable Rates and Tax Base
C. Personal and Additional Exemptions
III. Effect of TRAIN on the Bank Secrecy Law
IV. Personal Income Tax (PIT) for:

- Updated graduated Tax Table

- The 8% Optional PIT

- Deductions for PIT

- Exemptions on PIT

- Taxation for (SAE) Special Alien Employee

- Filing of Individual ITR

- Passive Incomes and Taxation

- Compensation Income Earners (CIEs

- Self-Employed and Professionals (SEPs)

V. Illustrative example on PIT under TRAIN
VI. Value Added Tax

-2018 VAT Threshold

-Zero-rated and Exempt Transactions

-VAT Refund Policy

-2018 Percentage Tax Rate

-VAT Exemption

VII.Expansion of Tax Base of VAT
VIII.Reduction of the Estate and Donor’s Tax

ESTATE TAX

a) Elimination of old Tax Table and introduction of 6% rate

b) Deductions as amended and modify formally

c) Requirement for CPA Certificate

d) FWT on Bank Cash Withdrawals

e) Date of filing the return

f) Preparation for Installment Payment of Estate Tax

IX. DONOR’S TAX

a) Expunction of Donor’s Tax Table and introduction of 6% rate

b) Treatment of Donation to unknown

c) Amendment to Exempt Donations

d) Transfer for less than adequate consideration

e) Sec.99 Political Contributions shall be governed by the Election Code

X. Expanded Withholding Tax & Final Withholding Tax (Based on TRAIN LAW)

-Professional and Talent Fees

- Seminar and Training Fees

-Rentals

-Computation of EWT

-Nature of Withholding tax

Xl. Excise Tax on:
A. Petroleum

- New Rates for 2018, 2019, 2020
B. Automobiles
C. Sugar Sweetened Beverages (SSBs)

-Rates

- Sweetened Beverages covered by SBT

- Exclusions from SBT

D. Cosmetic Procedure

E. Other excise tax matter
Xll. Social Benefit under TRAIN
lX. Use of Revenues Earned from TRAIN

XIV. Implementing Rules and Regulation

Special Offer

2999.00 + vat Valid until MAY 18, 2018

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Established in 2013, i4one Inc. mission is to build a family of extraordinary professionals. It provides certification and training programs, acts a master distributor of software programs, books, and other accessories. I t also conducts events such as Philippine Tax Congress and a co-organizer of the annual event, The EntraProfessional Summit, happening every September.

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