Course Code


Course Name

Course Credit

Three (3) Units

Income Taxation

Course Prerequisite(s)


Course Description

This introductory taxation course is primarily concerned with income taxation. Topics include the basic
principles and rules of the income tax system as these apply to individuals, partnerships and corporations.
Likewise, topics also cover and the income taxation of employees and unincorporated and incorporated
businesses, capital gains tax, final tax on certain passive income and the year-end tax. The course also includes
special topics like the minimum corporate income tax, fringe benefits tax, improperly accumulated earnings tax
and withholding taxes.

Course Outcomes

By the end of the course, the student is expected to:
1. Identify the nature, scope, characteristics, principles and limitations of a sound taxation system.
2. Differentiate and classify the individual taxpayers, corporations, partnerships, estate and trusts.
3. Distinguish the sources of income, exemptions and allowable deductions.
4. Compute the amount of tax due per taxpayer classification and use the correct income tax forms
5.Integrate the value of honesty and integrity in filing the income tax.

Prescribed Textbook


Module 1


Valencia,Edwin (2013), Income Taxation:Principles and Laws with Accounting Application,
Valencia Educational Supply
Learning Outcomes

Learning Activities

Learning Assessment

1.Orientation: Course Outline,Class
Rules, Grading System


Lecture presentation techniques of the basic accounting system 2.Enumerate the requisites for 1. Enumerate the sources of income 2.Lecture 2.Lecture 1.Board work 2.Recall the complete cycle of business 3. Define gross income and its composition SCHOOL OF ACCOUNTANCY AND BUSINESS PAGE 2 . Class discussion activities for service and merchandising enterprise 4. not subject to fringe benefits tax 3.Board work 2. Discuss the methods of reporting Income and expenses 1.Seatwork 2.Board work COURSE CODE 1. Class discussion 3.Quiz 5 Modules 25-30 1.Problem solving 1. Discuss fringe benefits subject to fringe benefits tax. Seatwork 3. Quiz 1. Seatwork 3.Board work 2.Recall the fundamental concepts and 1.Quiz 6 Modules 31-36 1.Quiz 7 Modules 37-38 MIDTERM EXAMINATION Modules 39-42 1.Lecture 2.Lecture from gross income 2.Differentiate and compute the capital gain and capital gains tax on shares of stock versus real property 1.Board work 2.Problem solving 1. Seatwork 3. 2. Seatwork 3.Quiz Modules 19-24 1. Explain the rationale of granting fringe benefits.Board work 2. 1.Quiz 1.Problem solving 1. Class discussion 3. Compute the fringe benefits tax 1.Lecture 2.Enumerate the basic concepts of taxation and underlying principles.Class discussion 3.Distinguish ordinary assets from capital assets 2. Discuss classification of exclusions 1.Problem solving 1.Dialogue 3.Lecture 2.Problem solving 1. Class discussion 3. Seatwork 3. Class discussion 3.Module 2-6 2 Modules 7-12 3 Modules 13-18 4 2.

Quiz 11 Modules 61-66 1. Seatwork 3. Explain and classify withholding taxes 4..Compute for the income taxes of different classes of income taxpayers 1. Explain the categories of corporate taxpayers including partnerships 2.Problem solving 4. Seatwork 3.Quiz 12 Modules 67-72 1.Problem solving 1. Seatwork 3.Quiz 10 Modules 55-60 1. Seatwork 3. Accomplish income tax forms 1.Explain the salient features of Philippine 1.Problem solving 1.Problem solving 4.Quiz 13 Modules 73-78 1. Class discussion 3.Problem solving 2. Fill up the different individual income tax forms 1. discuss and compute the 1. Fill up the different corporate income tax forms 1. Class discussion 3.Board work 2. Class discussion 2.Quiz 8 Modules 43-48 1.Lecture 2. Class discussion 3. including treatment of net operating loss carry-over and other losses 2.Lecture 2.Board work 2.Board work 2.Explain and compute the special topic on minimum corporate income tax 1.Lecture income tax system 2.Enumerate the group and sources of 3. Discuss and compute the composition of the allowable itemized deductions versus optional standard deduction.Explain and compute the special topic on improperly accumulated earnings tax 1.Enumerate the classification of tax on individuals 3. Seatwork 3.Board work 2.Lecture Summary of learning COURSE CODE SCHOOL OF ACCOUNTANCY AND BUSINESS PAGE 3 .Lecture 2. Discuss and compute the income taxes of corporations and partnerships.Explain the categories of individual taxpayers 2.deductibility of expenses 2. Class discussion 3.Lecture 2.Board work 2. Seatwork 3. Class discussion 3. Accomplish income tax forms 1.Problem solving income of income taxpayers 1. Describe. estates and trust 3.Quiz 9 Modules 49-54 1.

Rex Book Store Ampongan (2012). The New Quizzer in Taxation. and is considered half-absent. Income Taxation: Law and Accounting. Class discussion taxpayers 3. Fontanosa Approved By Notes: 1. GIC Enterprises Reyes (2010). Taxation: Income Taxation. seatwork )=25% Mid-term Exam= =25% nd Class Standing -2 half (quizzes. A student is considered absent from class if he/she is not present within the first 40 minutes of the scheduled class session. 4.different income taxes of different income 2. Each module is a thirty five minute (35 min) classroom instruction 2. if he/she arrives in class after the official start time but within the allowable period of 40 minutes. assignment. Conanan Educational Supply Domondon (2013). Journals Grading System Class Standing-1st half ( FINAL EXAMINATION References De Leon (2012).Problem solving 14 objectives and evaluation of accomplishment for the entire course. sn Books Web Bir. The Fundamentals of Taxation. Income Taxation. seatwork)=25% Final Exam =25% 100% Prepared By Prof. Rosalino G. GIC Enterprises Reyes (2012). assignment. A student is considered late. A student is held responsible for all course requirements and for the entire content of the sessions missed regardless of the COURSE CODE SCHOOL OF ACCOUNTANCY AND BUSINESS PAGE 4 .