Certified Public Accountants (CPAs) will be entitled to four (4) CPD credit units.
In this half-day tax seminar, our Speaker, Atty. Willie B. Santiago, CPA will first cover perennial BIR concerns on the temporary suspension of BIR audit, its impact to your ongoing BIR assessments & related concerns followed by the following CPD-approved outline: | PART I REVISITING THE BASICS A. Revisiting the basics on renewal fees such as Local Business Tax, mayor’s permit & licenses, barangay business permit, sanitary inspection fee, garbage fee, building inspection fee, electrical inspection fee, mechanical inspection fee, plumbing inspection fee, fire inspection fee, personnel fee, business plate registration fee, community tax certificate & place of payment B. Situs & allocation rules on company with branch, factory, warehouse, depot, plantation, manufacturers, assemblers, contractors, producers, power plant, and exporters with factories, project offices & plants including banks & other financial institutions, insurance, and mining with presence throughout the country C. Installment payment of Local Business Tax & deadlines, corresponding surcharge & interest rates on default, deadlines & extension D. Revisiting the basics on application for new & start-up business & renewal documents, locational clearance, components of assessment sheet, registration & documentary requirements, permits & forms to fill-up, E. What to do in case of tax mapping & inspection, documents need to prepare, how to address & respond to assessable penalties for noted violations, where & when to appeal, F. Revisiting the basics of real property tax on land, building, improvements & machineries, timing of payment & availment of discount & amnesty vis-à-vis the recently passed Real Property Assessment Valuation Reform Act (RPVARA), a 3rd installment in the Comprehensive Tax Reform Package G. Reportorial requirements on semi-annual submission of list of employees to LGU H. Revisiting the processes involved in the assessment by LGU, tax audit requirements, its basis & taxpayer’s remedies, refund process vs. offsetting mechanism I. Revisiting highlights of the Memorandum of Agreement signed by BIR, Bureau of Local Government & Finance (BLGF) & Philippine Association of Local Treasurers & Assessors, Inc. (PHALTRA) on the enhancement & administration of collection of local taxes PART II SPECIAL CIRCUMSTANCES CITING COURT DECISIONS & BLGF OPINION A. Transfer & retirement of business vis-à-vis LGU: Which has rightful authority to impose local tax, refund mechanism, documentary requirements for tax clearance, late filing of retirement notice? B. Court-decided cases on legality of regular & special assessment on Real Property Tax (RPT) on common property of a condominium corporation such as gym, pool, garden, and other common amenities, exemption from transfer tax on subsequent registration to association C. Proper tax base for promotion & advertising agencies with third-party payments, logistics & freight-forwarding company with inter-jurisdictional boundaries, gross receipts vs. gross revenues, clarified D. Court-decided cases on legality of LBT imposed on dividend, interest income, net earnings of an associate & gains from sale of shares of stocks of an investor & holding company, bank & non-bank financial intermediary E. BLGF opinion on net commission income as proper tax base for distributorship entities F. Court-decided cases on legality of RPT imposition on machineries of a restaurant & mall operators G. BLGF opinion & court-decided cases challenging Presumptive Income Level Assessment Approach
H. Court-decided cases on legality of imposition of real property tax, local taxes & regulatory fees to PEZA-registered entities
PART III PRECEDENTS LBT exemption of ROHQ, logistics office, Local Water Districts, sale of real property by non-stock, non-profit institutions Sauces & condiments are food subject to lower LBT Proper classification of call center, tollway contractors for LBT Business permit not required for temporary sales outlet or warehouse BOI-registered entities compliance to avail LBT exemption RPT exemption for donated land to LGU Cooperatives dealing with members exempt from LBT, extent of RPT exemption clarified LGU prohibited from imposing taxes on any business engaged in the production, manufacture, refining, distribution or sale of petroleum products Electric poles & steel towers of electric cooperatives subject to RPT on machineries Tax declarations as basis of RPT imposition Professionals exempt from securing Mayor’s Permit & paying LBT on practice of profession, practice of profession nationwide allowed, dental clinics exempt from LBT LBT imposition for a mining company into exploratory stage not allowed Open space in subdivision for public use exempt from RPT RPT exemption on real property owned by the government & political subdivisions
| For questions, you can reach the following Secretariat who will be happy to assist you on your reservation needs. 09453970807 c/o GIZEL or 09269179109 c/o MARICAR taxseminars@dmdcpa.com.ph 09179181460 c/o JANE/PRINCESS You may also send your queries at ellen.gador@dmdcpa.com.ph |
|
|
