DEPARTMENT OF ACCOUNTANCY

College of Arts and Sciences

San Beda College

COURSE SYLLABUS
Summer, AY 2016-17

Vision-Mission Statement : San Beda College, a Catholic educational institution, is committed to the Christian formation of the Bedan Community as its
service to the Church, the Philippine society, and the world.
Vision : San Beda College envisions a community that is Fully Human, Wholly Christian, Truly Filipino, and Globally Competitive.
Mission : San Beda College aims to form its members in Faith, Knowledge, and Virtue
Core Values : Inculcate in the students the Benedictine core values of Study, Community, and Pursuit of Peace

Course Title : Contemporary Issues on Taxation

Course Code : TAXEL
Prerequisite : BLW01 and TAX01
Credits : 3 units

Instructors : ATTY. DANTE DELA CRUZ,CPA ATTY. JOSE FERNANDO G. LLAVE, CPA, MBA ATTY. PAUL VEHEMENTE, CPA
Email : jofer_llave@yahoo.com prv_sbc@yahoo.com
Office : Department of Accountancy Office, 2nd floor, St. Department of Accountancy Office, 2 floor, St. Department of Accountancy Office, 2nd floor, St.
nd

Anselm’s Bldg. Anselm’s Bldg. Anselm’s Bldg.

Consultation :
Hours
Venue : Department of Accountancy Office, 2nd floor, St. Department of Accountancy Office, 2nd floor, St. Department of Accountancy Office, 2nd floor, St.
Anselm’s Bldg. Anselm’s Bldg. Anselm’s Bldg.

I. Course Description : This course covers new and relevant taxation topics included in the CPA board licensure examination that are not part of the study of
Income Taxation and Business & transfer taxes. The course content may vary per academic year it is offered depending on the board resolutions issued by the Board of
Accountancy (BoA), under the Professional Regulation Commission. It is to be noted that the BoA, as part of its function, determines the relevant taxation issues that CPAs
must be abreast to meet the changing demands of the business and concerned agencies sector over time.

II. Course Objectives:

At the end of the academic term, the students should be able to:
1. Explain the basic principles under the following special tax laws and regimes: Tariff & Customs Code, Preferential Taxes, Board of Investments, PEZA, and
BMBE
2. Apply their provisions of these special taxation laws in the practice of the CPAs.
3. Make relevant and well-informed judgements and decisions on various situations that are in accordance with these tax laws and administrative provisions.
4. Relate the Benedictine core values to the proper implementation of these tax laws over business transactions.

III. Course Outline

Course
Learning Outcomes
Objectives
At the end of the lesson,
CO 1, 2, 3, 4 the student is able to-
□ Apply critically and
analytically the true
essence of the laws
protecting senior citizens
and disabled persons and
the SEZA
□ Interpret specific
provisions of the law and
evaluate how these will
be applied to specific
business transactions.
□ Judge and decide on
various business matters
in accordance with the
respective tax-related
Time
Topics Teaching Strategies/Activities Assessment of Learning
Allotment
1st – 4th COURSE ORIENTATION
Week  Lecture and guided discussion  Guided Discussions
SENIOR CITIZENS LAW  Case presentation  Case studies
 Exemption from Income  Information sharing  Application-based exercises
Tax
 Tax Incentives for
 Industry Bridging activities
 Group / Team Learning
Qualified
Establishments
MAGNA CARTA FOR DISABLED
PERSONS
 Exemption from Income
Tax
 Tax Incentives for
Qualified
Establishments
SPECIAL ECONOMIC ZONE ACT
 Policy & PEZA

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 Course
Learning Outcomes
Objectives
laws
□ Relate the Benedictine
core values to the proper
implementation of these
laws
At the end of the lesson,
CO 1, 2, 3, 4 the student is able to-
□ Apply critically and
analytically the true
essence of the OIC,
BMBE, and DTA.
□ Interpret specific
provisions of the law and
evaluate how these will
be applied to specific
business transactions.
□ Judge and decide on
various business matters
in accordance with the
respective laws.
□ Relate the Benedictine
core values to the proper
implementation of these
laws
At the end of the lesson,
CO 1, 2, 3, 4 the student is able to-
□ Apply critically and
analytically the true
Time
Topics Teaching Strategies/Activities Assessment of Learning
Allotment
 Registration of
Investments
 Fiscal Incentives
5th -8th Week OMNIBUS INVESTMENT CODE
 Policy & Board of  Lecture and guided discussion  Guided Discussions
Investment
 Case presentation  Case studies
 Preferred areas of
Investment  Information sharing  Application-based exercises
 Investment Priority Plan  Industry Bridging activities
 Registration of  Group / Team Learning
Investment
 Fiscal Incentives
BARANGAY MICRO BUSINESS
ENTERPRISE ACT
 Registration of BMBEs
 Fiscal Incentives for
Qualified
Establishments
DOUBLE TAXATION
AGREEMENTS
 Nature & Purposes of
DTAs
 Relief from Double
Taxation
 Availability
9th Week MIDTERM EXAMINATION
11th -14th TARIFF & CUSTOMS CODE
Week  Functions of the Bureau  Lecture and guided discussion  Guided Discussions
of Customs
 Case presentation  Case studies
 Functions of the Tariff
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 Course Time
Learning Outcomes Topics Teaching Strategies/Activities Assessment of Learning
Objectives Allotment
essence of the Tariffs Commission  Information sharing  Application-based exercises
and Customs code  Nature of tariff and  Industry Bridging activities
□ Interpret customs duties
specific  Group / Team Learning
provisions of the law and  Documents required for
Importation of Goods
evaluate how these will
 Document required for
be applied to specific export of Goods
business transactions.
□ Judge and decide on
various business matters
in accordance with the
respective laws.
□ Relate the Benedictine
core values to the proper
implementation of these
laws
At the end of the lesson, 15th -17th TAXATION UNDER THE LOCAL
CO 1, 2, 3, 4 the student is able to- Week GOVERNMENT CODE: (if not  Lecture and guided discussion  Guided Discussions
included in TAX02)
□ Apply critically and  Case presentation  Case studies
 Scope of Taxation
analytically the true
 Different Types of Local  Information sharing  Application-based exercises
essence of the General Taxes (Real Property  Industry Bridging activities
banking law, bank Tax, Local Business  Group / Team Learning
secrecy and AMLA. Tax)
□ Interpret specific  Tax base & Tax rates
provisions of the law and  Venue and Time of
evaluate how these will Filing of Returns
be applied to specific
business transactions.
□ Judge and decide on
various business matters
in accordance with the
respective laws.

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 Course Time
Learning Outcomes Topics Teaching Strategies/Activities Assessment of Learning
Objectives Allotment
□ Relate the Benedictine
core values to the proper
implementation of these
laws
18th Week FINAL EXAMINATION

IV. Course Requirements

Short and long quizzes Other classroom activities: recitations, exercises, debates, reports, etc. Periodical examinations

V. Grading System and Grade Procedure

The following shall be the bases of computing the Midterm and Final Grades:

Students will be graded according to the following criteria: MIDTERMS GRADING SYSTEM
Class Standing (Quizzes, Recitations, and other course requirements given during the Grade
60% Equivalence Description
midterm only) Point
Departmental Midterm Examination result 40%
1.00 97-100 Excellent
TOTAL 100% 1.25 92-96 Superior
1.50 87-91 Very Good
Students will be graded according to the following criteria: FINALS 1.75 82-86 Above Average
Class Standing (Quizzes, Recitations, and other course requirements given during the 2.00 77-81 Good
50%
midterm and final term) 2.25 72-76 Very Satisfactory
Departmental Final Examination result 30% 2.50 68-71 Satisfactory
Departmental Midterm Examination result 20% 2.75 64-67 Fair
TOTAL 100% 3.00 60-63 Passed
5.00 Below 60 Failed
TRANSMUTATION TABLE (See separate schedule)

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VI. Attendance Policy

1. Students are considered absent if they arrive in class after the first fifteen (15) minutes of the scheduled class period. They may attend the class but will be marked
absent.
2. Students are considered tardy if they arrive in the class within the first fifteen (15) minutes of the scheduled class period. They are marked late or half-absent on the
professor’s daily attendance record. Two (2) instances of tardiness or half-absences are equivalent to a full absence.
3. Students are allowed the following maximum number of hours of absences during the regular term:

Status of Student Course credits/units Allowable absences

Not on probation 1 unit 3 hours
2 units 7 hours
3 units 10 hours
5 units 10 hours
6 units 10 hours

On probation 1 unit 2 hours

2 units 4 hours
3 units 6 hours
5 units 6 hours
6 units 6 hours

This allowance includes all absences, except approved absences as enumerated in Item no. 6. Students who incur accumulated absences beyond the
allowable number of hours are dropped from the course. They will be given a DF mark in the said course if the official dropping form is not accomplished.

VII. Course References

1. Primary Reference:

National Internal Revenue Code of 1997. Retrieved from Bureau of Internal Revenue Website database. www.bir.gov.ph

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 2. Supplementary Readings and Reference Materials:

Alajar, J. M. (2014). A Practical Application of the Ten Hallmarks of Benedictine Education to the SBC Accountancy Education. Scientia
Business Research Digest, 19-22.
De Leon, H. (2010). The Law on Sales, Agency and Credit Transactions. Rex Printing Company, Inc: Manila.
De Leon, H., Castañeda, C. (2010). Comprehensive Review of Business Law. Rex Printing Company, Inc: Manila.
Navarro, A. C. (2014). A Brief Comparison of Philippine and United States Anti-Money Laundering Laws. Scientia for Accounancy and Business, 155-174.
Reyes, V. (2006) The New Quizzer in Taxation: For CPA Examination Reviewees. Manila
Suarez, C. (2011). Pointers in Business Law. Roque Press: Manila.
Vitug, J. & Acosta, (2006). Compendium of Tax Law & Jurisprudence.. Rex Bookstores

Latest Tax Jurisprudential Rulings by the Supreme Court. Retrieved from Supreme Court Website database. www.supremecourt.gov.ph

3. Manual of Regulations for Accountancy Students A.Y. 2014-2015

Prepared by: Endorsed by:

Faculty of Department of Accountancy & Taxation Dr. Jackqui R. Moreno, CPA, MBA
(based on the BOA BN 275, TOS) Chairperson, Department of Accountancy & Taxation

Noted by: Approved by:

Dr. Joffre M. Alajar, CPA, MBA Dr. Christian Bryan S. Bustamante

Vice Dean - Accountancy and Business Dean – College of Arts and Sciences

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TRANSMUTATION TABLE

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