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Tax Syllabus

Tax Syllabus

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Published by Joseph Rinoza Plazo

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Published by: Joseph Rinoza Plazo on Feb 20, 2012
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07/02/2013

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COURSE OUTLINETax IA.In General
Taxable incomeMadrigal vs. Rafferty (August 7, 1918)Fisher vs. Trinidad (October 30, 1922)Limpan Investment Corporation vs. Commissioner of Internal Revenue (July 26,1966)Conwi vs. Court of Tax Appeals ( August 31, 1992)
B.General Principles
Section 23, Tax Code
C.Income tax on individuals
DefinitionsResident citizens and resident aliensSection 22 (F), Tax CodeGarrison vs. Court of Appeals (July 19, 1990)Non-resident citizensSection 22 (E), Tax CodeRR 1-79 (January 8, 1979)RR 5-01 (July 31, 2001)BIR Ruling 33-00 (September 5, 2000)Non-resident aliens engaged in business in the PhilippinesSection 22 (G), Tax CodeSec. 5 & 6, RR 2Minimum wage earner Section 22 (GG) & (HH), Tax CodeDependentSection 35 (B), Tax CodeKind of income and income tax of individualsTax formulaSection 24 (A), Tax CodeFinal income tax – interests, royalties, awards, dividends, capital gains on saleof shares, realtySection 24 (B), (C), (D), Tax CodeSection 22 (Y), Tax CodeSupreme Transliner, Inc. vs. BPI Family Savings Bank, Inc. (February 23,2011)
 
 
RR 10-98 (August 25, 1998)RR 06-2008 (April 22, 2008)RR 8-98 (August 25, 1998)RR 13-99 (July 26, 1999)RR 14-2000 (November 20, 2000)RR 4-99 (March 9, 1999)Personal and additional exemptionsSection 35 (A) & (B), Tax CodeRepublic Act 9504Pansacola vs. Commissioner of Internal Revenue (November 16, 2006)M.E. Holdings Corporation vs. CIR & CTA (March 3, 2008)Republic Act 9505RR 17-2001 (October 27, 2001)Change of statusSection 35 (C), Tax CodePersonal exemption allowable to nonresident alien individualsSection 35 (D), Tax CodeOptional Standard DeductionSection 34 (L), Tax Code as amended by Republic Act 9504Premium Payments on health and/or hospitalization insuranceSection 34 (M), Tax CodeTax on non-resident aliensSection 25, Tax CodeNon-resident aliens engaged in business in the PhilippinesSection 25 (A), Tax CodeNon-resident aliens not engaged in business in the PhilippinesSection 25 (B), Tax CodeSpecial aliensSection 25 (C), (D), (E), Tax Code
D.Definitions
Section 22, Tax CodeDefinition of corporationsSection 22 (B), Tax CodeAFISCO Insurance Corporation vs. Court of Appeals (January 25, 1999)Pascual vs. Commissioner of Internal Revenue (October 18, 1988)Obillos vs. Commissioner of Internal Revenue (October 29, 1985)Oña vs. Commissioner of Internal Revenue (May 25, 1972)BIR Ruling 108-2010 (October 19, 2010)
E.Income Tax Rates
Section 27 (A), Tax Code as amended by Republic Act 9337
F.Proprietary Educational Institutions and Hospitals
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Section 27 (B), Tax CodeRevenue Memorandum Circular 76-03 (November 14, 2003)
G.GOCCs
Section 27 (C), Tax Code as amended by Republic Act 9337Republic Act 10026Philippine Amusement and Gaming Corporation vs. Bureau of Internal Revenue (March15, 2011)
H.Passive Income
Section 27 (D), Tax CodeInterest, Deposit Substitutes, RoyaltiesSection 22 (Y), Tax CodeSale of sharesRR 06-2008 (April 22, 2008)FCDURepublic Act 9294Intercorporate dividendsSale of realtyRR 8-98 (August 25, 1998) – Sections 1 to 3RR 4-99 (March 9, 1999)
I.Minimum Corporate Income Tax (MCIT)
Section 27 (E), Tax CodeRR 9-98 (August 25, 1998) – except Sec. 2.28 (E)(7) “Accounting treatment”Chamber of Real Estate Builders’ Association, Inc. vs. Executive Secretary (March 9,2010)Commissioner of Internal Revenue vs. Philippine Airlines , Inc. (July 7, 2009)
J.Income Tax on Resident Foreign Corporations
Section 28 (A), Tax CodeIn generalInternational Carrier Air New Zealand vs. Commissioner of Internal Revenue (CTA Case, January 30,2008)Commissioner of Internal Revenue vs. BOAC (April 30, 1987)United Airlines, Inc. vs. Commissioner of Internal Revenue (September 29,2010)RR 15-2002 – Sections 1 to 5 onlyOBUs/FCDUsRR 10-76 (December 14, 1976)
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