ATTENTION: Chief Accountants, Treasurers, Administrative Officers, HRD, Business Owners/Employers​

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Available On-Site Seminar Schedules

02 September 2023 | Saturday | 8:30am-12:00pm

Venue: Century Park Hotel - Manila

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Be on the right track and learn the proper computation in preparing the correct income tax, new deadlines, and procedures of submission.

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• NEW INCOME TAX RATES beginning January 1, 2023 (reduction of tax rates)

• CREATE LAW  GENERAL PROVISIONS DECREASING THE CORPORATE INCOME TAX BEGINNING JULY 2020 TO 25 % FOR GENERAL       AND 20% FOR OTHERS WITH CONDITIONS

• REDUCED RATES OF RESIDENT CORPORATION AND NON-RESIDENT CORPORATION PROCEDURES IN FILING THE ITR FORMS 2020 ANNUAL INCOME TAX RETURN

• Repeal provisions of Improperly Accumulated Earning Tax (IAET)

• VETO PROVISION OF THE PRESIDENT under CREATE

• REDUCED RATES IN INTEREST EXPENSE UNDER TAX ABRITAGE

• REDUCED RATES FOR MCIT DUE TO PANDEMIC UNTIL JUNE 2023

• REDUCED RATES PROPRIETARY EDUCATIONAL  AND HOSPITALS UNTIL JUNE 2023

• The 10% preferential tax on   ROHQ shall continue up to Dec 31, 2021. Starting  Jan 1, 2022 will be at 25%, 

• REMOVAL of the 10% preferential tax rate on income of  Offshore Banking Units (OBUs)

• ADDITIONAL DEDUCTION OF 1⁄2 OF LABOR TRAINING EXPENSE (but not to exceed 10% of direct labor wage)

• Inclusion of “ONE PERSON CORPORATION” in the definition of corporation

• TAX EXEMPTION OF FOREIGN-SOURCED DIVIDENDS

• On the sale, transfer, or exchange of SHARES OF STOCK not traded in the stock exchange 

• REPLACED the two-tiered rates of 5% and 10% tax  by resident and  NRFCs  with a FIXED RATE OF 15%

• DEADLINES in filing income tax returns on individuals

• DEADLINES for installment payments on individuals

• NOLCO applicability on specific period due to pandemic

• Procedures on the availment of the 8% TAX OPTION

• Income tax EXEMPTION 

• Electronic attachments in the Tax Return eAFS

• Treatment of sales return, Discount, allowances and deductions from gross sales/receipts

• Detailed computation and explanation of MINIMUM WAGE EARNERS

• Detailed computation and explanation of PURELY compensation income

• Detailed computation and explanation of self-employed based on the new graduated income tax rates

• Detailed computation and explanation of self-employed/availing of the 8% option in income tax

• Detailed computation and explanation of MIXED INCOME EARNERS

• Detailed computation for non-residents NOT ENGAGED IN BUSINESS

• Detailed computation for NON-RESIDENTS ENGAGED IN BUSINESS

• Details on those with PREFERENTIAL RATES

• Computation of husband and wife either with pure business/mixed income/pure compensation

• Treatment of income that cannot be attributable or identified by either the spouses

• New rules in the requirements for FINANCIAL STATEMENTS

• Final taxes received by individuals such as royalties, prizes, dividends, winnings, etc.

• Taxability or exemption of Government Owned and Controlled Corporations (GOCCs)

• EXCLUSIONS from income tax

• Taxation through ITEMIZED DEDUCTIONS

• Taxation through OPTIONAL STANDARD DEDUCTIONS (OSD)

• Computation of partners in a general professional partnership

• Individuals NOT required to file an income tax return

• Substituted filing of income tax returns

• Transitory procedures, tax advisors, bank bulletins on CREATE

• CREATE Disclosure in the AFS

• Open forum

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ON-SITE SEMINAR FEE: Php. 4,000.00 (Early-Bird Rate) | Php. 4,500.00 (On-Site Rate)

(Payment made through bank deposit atleast 1 day [cut-off time: 4:00pm] before the seminar)

(Credit/Debit Card payments are accepted via PayPal)

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*Please make all check payments payable to "IPG Training Institute for Professional Advancement"