JOSE RIZAL UNIVERSITY

College of Business Administration and Accountancy

Department of Accountancy

VISION
JRU will be a market leader in the use of technology for innovation in teaching and learning to produce graduates of social importance.

MISSION
The University aims to develop its students to become useful and responsible citizens through the effective transfer of relevant knowledge and
desirable values.

INSTITUTIONAL OUTCOME
A JRU graduate has the competencies and values in the disciplinal area completed such that he/she is a useful and responsible citizen of the country.

COURSE SYLLABUS

Course Title: Tax Accounting

Course Code: ACC18
Credit Units: 3 units
Course Description: This introductory Taxation course is primarily concerned with income taxation. The objective is to develop a working
knowledge of the basic principles and rules of the income tax system as these apply to individuals, partnerships and
corporations. It covers an overview of the national tax system, and the income taxation of employees and unincorporated
businesses and incorporated businesses. It provides the students with knowledge of the capital gains tax, final tax on
certain passive income, and the year-end tax, including the minimum corporate income tax, the normal tax, and the
improperly accumulated profits tax of corporations and withholding taxes. Tax forms are provided for specific topics
discussed.

Pre-Requisite: ACC13
nd
Placement: Second Year, 2 Semester

Program Educational Objectives (PEO):

Three to five years after completing the Bachelor of Science in Accountancy (BSA) program, the graduate will:
1. excel in their profession/career utilizing the knowledge acquired in the BS Accountancy program;
2. become effective collaborators and innovators in solving accounting issues, applying professional/technical skills and competencies to
make a positive impact on society; and

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 3. be engaged in life-long learning and professional development through self-study, continuing education, or graduate and professional
studies.

Student Outcomes (SO):

After the completion of the program, the graduates of the Bachelor of Science in Accountancy (BSA) program shall be able to:
a. take the Certified Public Accountant (CPA) examination by showing excellence in financial accounting and reporting, auditing,
advanced financial accounting and reporting, management advisory services, regulatory framework for business transactions and
taxation;
b. exhibit accounting and auditing skills for employment in private establishments and government agencies; and
c. express oneself clearly and effectively with stakeholders in oral or written form using information and communication technology (ICT)
skills; and
d. demonstrate social responsibility with high personal, moral and ethical standard.

Course Learning Outcomes (CLO):

At the end of this course, the students shall be able to:

CLO1: discuss the General Principles of Taxation, the Rules and Regulations embodied in the National Internal Revenue Code of the
Philippines.
CLO2: discuss administrative provisions for Individual Taxpayer and Partnership
CLO3: discuss administrative provisions for Corporation and communicate with government agencies on matters of taxable
income derived within and outside the Philippines

CLO Grid: Each CLO vis-à-vis SO and PEO:

CLO SO PEO
CLO1 a, b 1,
CLO2 a, b, c 1, 2
CLO3 a, b, c, d 1, 2

Course Outline:

Time Frame Topic/Content Course Learning Teaching/Learning Activity Assessment Evaluation

Outcomes
Week 1 Orientation-JRU vision/mission, CLO1
3 hours core values, PEO, SO, course

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 outcomes, grading system and
course policies. Guided discussion/
General Principles of Taxation Visual Activity
a) Purpose, Scope, (Power Point Presentation)
essential
characteristics of
taxation
b) Inherent Power of the
State
c) Principles of Sound Tax
System
d) Limitations on the Power
of Taxation

Week 2 General Principles of Taxation Guided discussion Summative 50% of the

CLO1
3 hours (Continuation) Visual Activity test (WW1) student got
e) Taxes (essential {Power Point Presentation) a rating of ≥
characteristics, 2.5
classification, tax vs.
other charges (toll,
special assessment,
license fee, debt)
f) Situs of taxation
g) Tax evasion vs. tax
avoidance
h) Double taxation (direct
and indirect)
i) Tax escape

Week 3 1) Powers and Authority of the Visual activity (PowerPoint Group 50% of the
CLO1
3 hours Commissioner of Internal Presentation) Presentation student got
Revenue under Section 4 to Guided discussion (PT1) a rating of ≥
7, Title 1 of the Tax Code 2.5 on a 5-

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 2) Authority of the point scale
Commissioner to
Compromise Tax Payments,
Abate or Cancel Tax Liability
and Refund or Credit Taxes
3) Duties and Functions

Week 4 1) Tax Remedies of the Visual activity (PowerPoint Group 50% of the
CLO1
3 hours government (State) Presentation) Presentation student got
(Definition, scope, (PT1) a rating of ≥
prescriptive period, 2.5 on a 5-
Administrative remedies (tax point scale
lien, compromise, levy and
distraint), Judicial actions
(civil or criminal)
a) Remedies of the taxpayer
(Prescriptive periods,
Administrative remedies
(a) Against an
assessment (protest,
request for
reinvestigation); (b)
Request for refund or
credit of taxes (recovery
of erroneously or illegally
collected taxes, forfeiture
of cash refund and tax
credit)
b) Expanded jurisdiction of
the Court of Tax Appeals
(limited to jurisdiction)
Week 5 1) Taxpayer and tax base on Guided discussion Summative 50% of the
3 hours Individuals Test (WW2) student got
CL01 a rating of ≥
a) Classification (citizens,
2.5
aliens, pure
compensation come
50% of the

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 earner, mixed income student got
earner) Case Study a rating of ≥
Output 2.5 on a 5-
b) Basic and personal
(P1) point scale
exemptions
c) Premium payments for
health and/or
hospitalization insurance
d) Tax on aliens employed
by regional operating
headquarters of
multinationals, offshore
banking units, petroleum
service contractor or
subcontractor
Week 6 Preliminary Examination 50% of the
CLO1
student got
a rating of ≥
2.5
Week 7-9 Guided discussion 50% of the
6 hours 1) Gross income Summative student got
Problem solving and Test (WW1) a rating of ≥
a) Inclusions in the gross
exercises 2.5
income (compensation for CLO2
services, income derived
from business, trade
practice of profession,
gains derived from
dealings in property,
interest, rents, royalties,
dividends, annuities,
prizes and winnings,
pensions, partner’s
distributive share from the
net income of the general
professional partnership;
other income including
special problems such as
mergers and

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 consolidation, transfers to
controlled corporation,
wash sale)
b) Exclusions from gross
income
c) Passive income subject
to final tax
d) Capital gains tax on sale
of real property classified
as capital asset and the
applicable documentary
stamp tax (including
exemption from the
capital gains tax)
e) Capital gains tax on sale
of shares of stock not
through the local stock
exchange and the
applicable documentary
stamp tax
f) Final income tax on fringe
benefits (including
exemptions

Week 10 Visual activity Group 50% of the

3 hours 1) Deductions from gross {Power point presentation) Presentation student got
income CLO2 (PT1) a rating of ≥
2.5 on a 5-
a) Itemized deductions
point scale
b) Items not deductible
Optional standard deduction

Week 11 1) Partnerships (general

CLO2
3 hours professional partnerships and 50% of the
business partnerships) Guided discussion Case study student got
a) Joint ventures (exempt output a rating of ≥
Problem solving and (P1) 2.5 on a 5-

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 and taxable) exercises point scale
Estate and trust (exempt and
taxable).

Week 12 Mid-term Examination 50% of the

CLO2
student got
a rating of ≥
2.5
Week 13 1) Corporations (Domestic and Guided discussions
3 hours Foreign) Income Tax
a) Regular corporate income CLO3 Problem solving and
tax exercises
b) Minimum corporate
income tax
c) Optional corporate
income tax
d) Improperly accumulated
earnings tax
Week 14 1) Special corporations Guided discussions Summative 50% of the
CLO3
3 hours test (WW1) student got
a) Domestic (proprietary
Problem solving and a rating of ≥
educational institution,
exercises 2.5
non-profit hospitals,
government owned or
controlled corporation,
etc.)
b) Resident foreign
(international carriers,
offshore banking units,
regional operating
headquarters of
multinationals, branch
profits remittances)
c) Non-resident foreign
(lessors of equipment,
aircraft and machinery;
owners of vessels
chartered by Philippine
nationals, lessor,

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 distributor or owner of
cinematographic films).
Week 15 1) Tax return preparation and Guided discussions Summative 50% of the
3 hours tax payments (venue and due test (WW2) student got
dates) CLO3 Problem solving and a rating of ≥
exercises 2.5
a) Regular filing (including
substituted filing of return
and electronic filing)
b) Large taxpayers and non-
large taxpayers
c) Income tax credits (local
and foreign)
d) Payment of taxes in
installment
i) Capital gains tax
ii) Tax due exceeds
P2,000.00
e) Withholding taxes (at
source, expanded or
creditable withholding tax,
final withholding taxes
and withholding tax on
government payments)
Week 16 1) Compliance Requirements Visual Activity (Power Point Group 50% of the
3 hours CLO3 Presentation) Presentation student got
a) Administrative
(PT1) a rating of ≥
requirements
2.5 on a 5-
(registration, issuance of
point scale.
receipts, printing of
receipts)
b) Attachments to the
income tax return,
including CPA certificate,
per NIRC requirement
c) Keeping of books of

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 accounts and records,
including report of
inventories
d) Prescriptive period of
books of accounts and
other accounting records
Week 17 1) Other Topics Visual Activity (Power Point Group 50% of the
CLO3
3 hours Presentation) Presentation student got
a) Special regulations
(PT1) a rating of ≥
applicable to groups of
2.5 on a 5-
companies
point scale.
b) Minimizing and deferring
tax liabilities
Case Study Analysis (P1)
c) Purchases and sales of a
company’s own shares
d) Tax effects of the
acquisition and sales of
companies owned
Week 18 Final Examination 50% of the
CLO3
student got
a rating of ≥
2.5

Course Requirements: Summative tests, Written Case Analysis, Major Exams

Grading System:

First Prelim Grade 30%

Class Standing 70%
Prelim Exam 30%
Second Prelim Grade 30%
Class Standing 70%
Midterm Exam 30%

Final Term Grade 40%

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 Class Standing 70%
Final Exam 30%

Final Grade 100%

Class Standing Includes:

Written Works 40%
Performance Task 20%
Product 10%

Textbook Adopted: Banggawan, Rex B., Income Taxation (Law, Principles and Applications), Real Excellence Publishing, c2014
References: 1. Tabag, Enrico D. & Garcia, Earl Jimson R., Income Taxation, Lajara Publishing House, c2014 Call#343.052.T112 2014
2. Domondon, Abelardo T., Principles of Taxation, GIC Enterprises & Co., Inc. c2013 Call#343.04/D163 2013 v.1, 2
3. De Leon, Hector S., The Law on Income Taxation, Rex Boostore c2013 Call#343.04/D346 2013
4. Valencia, Edwin G., Income Taxation: Principles and Laws with Accounting Applications, Valencia Educational Supply,
c2013 Call#343.052/V152 2013
5. Reyes, Virgilio D., Taxation Reviewer and Quizzer 2013 ed., V.Reyes Publisher c2013 Call#F343.04/R457 2013

Prepared by: Recommending Approval: Approved by: Reviewed by:

AUGUSTUS MAYOR DAISY A. DELA CRUZ DR. LEODIGARIO M. DAVID JUNE 2018
JOEL BAPTISTA Department Chair Dean
Faculty Members

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