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Income Taxation INDIVIDUAL NO.

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 Estate Tax Kinds of Decedent Gross Estate Rule on Reciprocity on Intangeibles of NRA Property subject to ET Franchise Share of Stock, and bond Taxable Transfers during decedent's lifetime Gross Income-Excluded Property Relations os of Husband and wife Conjugal Partnership of Gains Absolute Community of Property Property received by gratuitous title Jewelry Fruits and Income from property Deductions from Gross Estate Expenses, losses, indebtedness and taxes Vanishing Deductions Requisites Computation Pro-rated Deductions Mortgage paid by present decedent Rates Transfer for public purpose Standard Deductions Family Home Conditions Share of SS Computation of Estate Tax Valuation of Estate Graduated Rates Notice of Death Time of Filing Place of Filing Cases where ETR is filed Cases where CPA Certi is needed Time of Paynent Inquiry into bank deposit Tax Credit of Foreign Estate tax Donor's Tax Purpose Requisites Taxpayers subject to Donor's tax Gross Gift Rule on Reciprocity on Intangeibles of NRA Condonation of Debt Gifts from Husband and Wife Transfer for less than adequate & full consideration Exemption on Donation Exemption from Gross Gift Deductions from Gross Gift Illegitimate Donees NRA Donor of Wedding Gift Gift to Non profit Institutions Computation of Donors Tax Graduated Donor's Tax Rates Donor's Tax if donee is a stranger Donor's Tax Return on Common Property Time of Filing Place of Filing Time of Payment Tax Credit for Foreign Donor's tax

Income Taxation INDIVIDUAL NO. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 INCOME Tax Table Classification of Taxpayers Fixed Income Group vs. Variable Income Group Graduated Income Tax Rates Sources Gross Income- Inclusion Gross Income- Exclusion Creditable Withholding Tax vs. Final Withholding Tax Income subject to Creditable Withholding Tax Income subject to Final Withholding Tax Income & Prizes without the RP Prizes of Professional athletes Tax Refund Fringe Benefit Non-Taxable Fringe Benefit Non-Taxable Housing Benefit RATA, PERA and ACA Foreign Travel expenses Non-Taxable Educ Benefits De Minimis benefits Fringe Benefit Tax and Computation Grossed Up Monetary Value vs. Net Monetary Value Net Monetary Value of Non Cash Property Net Monetary Value of Housing & Motor Vehicle Non Taxable Meal and Lodging Non Taxable Leave PN as Compensation Taxable Damages, and Illegal Gains Leasehold Improvement Income from Leasehold Improvement Loss in Leasehold Improvement DEDUCTIONS Nature of Deductible Expenses Individuals exempt from expenses Ways of Deducting Expenses Optional Standard Deductions Itemized Deductions Expenses under ID Expenses in general Requisites Specific Expenses Bribes and kickbacks Expansion of School Facilites Interest Expense Requisites Non-Deductible Preferred Stock Scrip Dividend Tax Delinquency Acquiring Property Taxes Taxes paid by NRA-ETB & RFC Tax paid to Foreign Country Tax Credit of FIT Limitations Losses Requisites Net Operating Loss Carry over Non-Deductible Losses Worthless Stock Loss from Wash sales Wagering Losses Loss from demolition Casualty Losses Bad Debts Recovery of BD written off Depreciation Expense Methods Depreciable Assets Amortization os Intangibles Depletion Contributions Kinds Contribution with limit Contribution in Full Research and Development Pension trust Premium Payments Non-Deductible Expenses EXEMPTIONS Personal Exemptions Taxpayers who can claim exemption Taxpayers who cannot claim Rule on Reciprocity Amount Head of the Family Dependent Children Additonal Exemption Spouse entitled to claim LS spouse w/ children Senior Citizen Rule on Change of Status " Living w/ Taxpayer" " Dependent for Chief Support" " Not gainfully Employed" ITR Individuals required to file ITR Individuals not required to file ITR ITR of married individuals ITR of unmarried minors Time of Filing Time of Payment Place of Filing Rules on applying tax withheld to installment Self Employed Individuals Payment of Estimated Income Tax Penalties False/ Fraudulent Return Failure to file documents or keep records Taxable Year

Income Taxation INDIVIDUAL NO. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 NO. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 PARTNERSHIPS Kinds Taxable Partnership Distributive Share in Net Income Share in Net Loss Co-ownership Taxable Co-ownership CORPORATIONS Tax Table Classificaiton Interest Income from Foreign Currency Deposit Sale/ Exchange of Share of Stocks Sale of Real Property (Capital Asset) Intercorporate Dividend Tax Sparing Principle Gross Income Method Minimum Corporate Income Tax Proprietary Educ. Institution/Non-Profit Hospital GOCC International Carriers Gross Philippine Billings Special Corporate Income tax Rates Improperly Accumulated Earnings Tax Holding Company and Investment Company Appropriation of Retained Earnings Exempt Organizations Corporate Income Tax Return Cumulative Reporting of Income & Expenses Excess Income Tax on Quarterly Returns Accounting Period of Corporation Donor's Tax Purpose Requisites Taxpayers subject to Donor's tax Gross Gift Rule on Reciprocity on Intangeibles of NRA Condonation of Debt Gifts from Husband and Wife Transfer for less than adequate & full consideration Exemption on Donation Exemption from Gross Gift Deductions from Gross Gift Illegitimate Donees NRA Donor of Wedding Gift Gift to Non profit Institutions Computation of Donors Tax Graduated Donor's Tax Rates Donor's Tax if donee is a stranger Donor's Tax Return on Common Property Time of Filing Place of Filing Time of Payment Tax Credit for Foreign Donor's tax ESTATES AND TRUSTS Estate ITR of Estate Gross Income Deductible Expenses Sale of Property under Administration Cash Advances of Surviving Spouse & Heirs Amount of Exemption Accounting Period Computation of Taxable Income Trust Type Employee's Trust Revocable Trust ITR of Trust Gross Income Deductible Expenses Amount of Exemption Accounting Period Computation of Taxable Income Multiple Trusts

Estate Tax Kinds of Decedent Gross Estate Rule on Reciprocity on Intangeibles of NRA Property subject to ET Franchise Share of Stock, and bond Taxable Transfers during decedent's lifetime Gross Income-Excluded Property Relations os of Husband and wife Conjugal Partnership of Gains Absolute Community of Property Property received by gratuitous title Jewelry Fruits and Income from property Deductions from Gross Estate Expenses, losses, indebtedness and taxes Vanishing Deductions Requisites Computation Pro-rated Deductions Mortgage paid by present decedent Rates Transfer for public purpose Standard Deductions Family Home Conditions Share of SS Computation of Estate Tax Valuation of Estate Graduated Rates Notice of Death Time of Filing Place of Filing Cases where ETR is filed Cases where CPA Certi is needed Time of Paynent Inquiry into bank deposit Tax Credit of Foreign Estate tax