COURSE OUTLINE

Taxation II
Business and Transfer Tax
Academic Year 2015-2016
Atty. Alonette S. Ragodo-Perez, CPA, MMM
GENERAL INFORMATION
Class Time /Location: Saturday 1:00 PM to 4:000PM
Contact:
Tel No.: 033 335 1759
E-mail: aluet17@yahoo.com
COURSE MATERIALS
The Text for this course is
Other References:
1) Philippine TRANSFER and BUSINESS TAXES, A New Approach by Virgilio D. Reyes
2011 Edition;
2) The Law on Transfer and Business Taxation by De Leon and De Leon Jr., 2009 Edition;
3) Memory Aid in Taxation by San Beda College of Law Bar Operations;
4) Cases and Relevant Topics will be assigned on a weekly basis.
OBJECTIVE, METHODOLOGY AND EVALUATION
Objective:
The aim of this class is to give the students a comprehensive knowledge of Philippine Transfer
and Business Tax, specific, business, percentage, amusement, and miscellaneous taxes provided
for in the National Internal Revenue Code, including general principles on Tariff and Customs
Duties and to relate the same with the relevant issues decided by the Supreme Court.
Methodology:
Classes will use more of a lecture format. The students shall be the one to discuss the various
topics in this course. Quizzes and graded recitation shall be given every meeting unless
announced otherwise. Students should prepare by reading the assigned material.
Evaluation:
Evaluation is based on three (3) major exams, quizzes, topic presentation and graded recitation.
Prelim
Midterm
Finals
Class Standing

25%
25%
25%
25%
100%

Class Standing Component:

Quizzes---------------------- 50%
Graded Recitation ---------- 20%
Case/Topic Presentation---- 30%
COURSE OUTLINE
I. TRANSFER TAXES
A. Estate Tax
Tax Formula for computation of Estate Tax
Types of Decedent
Properties to be included in the Gross estate
Valuation of properties to be included in the Gross Estate
Deductions from the Gross Estate

Computation of Tax Estate

Net Taxable Estate
Estate Tax Return, Tax Payment and Administrative Requirements
B. Donors Tax
Tax formula for Computation of Donors Tax
Types of Donors
Exempt donations
Deductions from Gross Gifts
Payment of donors tax, donors tax credit and administrative requirements
II.

BUSINESS TAXES

A. Value added Tax (VAT)

Who are subject to VAT?
VAT on sale of Goods or properties
VAT on sale of services
VAT on importation
B. Percentage Taxes
III. TAX REMEDIES
Remedies in General
Remedies of the government
Remedies of the taxpayer
IV. JURISDICTION OF THE COURT OF TAX APPEALS
Civil Aspect
Criminal Aspect
V. LOCAL TAXATION
Community Tax
Real Property Taxation
Taxpayers Remedies
VI. TARIFF AND CUSTOM CODE OF THE PHILIPPINES
Jurisdiction
Importation in General
Ordinary /Regular duties
Special Duties
Administrative Proceedings
Judicial Proceedings
Guidelines for the Topic Presentation
Topic shall be assigned to each student at the start of the semester. The student is expected to
present a 30-minute power point presentation for the topic assigned. The presentation shall
include an outline of the presentation, short introduction, discussion of the topic assigned, cite at
least two (2) relevant cases and conclusion.
Cases:
ESTATE TAX
DIZON VS. CIR
DONORS TAX
METRO PACIFIC CORPORATION VS. CIR

VAT
1. FORT BONIFACIO DEVT CORP. VS. CIR
G.R. No. 158885 and 170680, April 2, 2009
2. SAN ROQUE POWER CORP. VS. CIR
G.R. No. 180345, Nov. 25, 2009
3. KEPCO PHILIPPINES V. CIR
G.R. No. 179356, Dec. 14, 2009
4. MINDANAO II GEOTHERMAL PARTNERSHIP VS. CIR
5. CIR VS. SONY PHILIPPINES, INC.
6. MEDICARD PHILIPPINES, INC. VS. CIR
7. LVM CONSTRUCTIO CORPORATION VS. SANCHEZ
8. ACCENTURE INC. VS. CIR
9. LUZON HYDRO CORPORATION VS. CIR
NIRC REMEDIES
1. CIR VS. PERF REALTY CORP.
G.R. No. 163345 July 4, 2008
2. CIR vs. MENGUITO
G.R. No.167560 September 07, 2008
3. CIR VS. ENRON SUBIC POWER CORPORATION
G.R. No. 166387, January 19, 2009
4. LUCAS ADAMSON, ET AL. VS. CA ET AL.
G.R. NO. 120935 and G.R. NO. 124557, May 21, 2009
5. SILKAIR (SINGAPORE) PTE. LTD. VS. CIR
G.R. NO. 171383 and 172379, Nov. 14, 2008
6. CIR vs. FIRST EXPRESS PAWNSHOP COMPANY INC.
G.R. Nos. 172045-46, June 16, 2009
7. CIR VS. GONZALEZ
8. RIZAL COMMERCIAL BANKING CORPORATION VS. CIR
TARIFF AND CUSTOMS CODE
1. Chevron Phil. Inc. vs. Comm. Of the Bureau of Customs
G.R. No. 178759, August 11, 2008
2. Raul Basilio d. Boac et al. vs. Pp. of the Phil.
G.R. NO. 180597, Nov. 7, 2008
3. El Greco Ship Manning vs. COC
G.R. No. 177188, Dec. 04, 2008
4. COC vs. CTA, Las Islas Filipinas Food Corp. & PAT-PRO OVERSEAS Co. LTD.
G.R. No. 171516-17 Feb. 13, 2009
5. Pilipinas Shell Petroleum Corp vs. COC
G.R. No. 176380, June 18, 2009
6. Secretary of Finance vs. Oro Maura Shipping Lines
G.R. No. 156946, July 15, 2009