NEGROS ORIENTAL STATE UNIVERSITY

Instructor: Frederick Celestial Roda, CPA

Course Code:
BA 303

Course Title:
Business Tax

Course Description:
This course as a continuation of income taxation will expose you to the principles and laws of
Business and Transfer Taxes, its standards and procedures, and corresponding promulgations and how
they are applied in a realistic Philippine setting. The course covers gratuitous transfers, business taxes
applied to onerous transfers on sales, barters and exchange of property and service, procedural tax
remedies available both to the state and taxpayers, and the latest provisions on economic zone taxes and
electronic filing and payment of taxes based on the provisions of the National Internal Revenue Code,
latest Revenue
 
Regulations, BIR and Court rulings, Civil Code and Family Code. A profound understanding of
the provisions of these rulings will strengthen your analytical capabilities necessary in taking relevant
governmental examinations, application to practical industry customs, future employment or
entrepreneurship (has passion for excellence), in participating responsibly in the church (God-loving)and
nation building (patriotic)

All these are achieved through excellent instruction, relevant and responsive research
and/or extension services, and quality-assured production of a true NOrSUnian with the core
values of SAPPHIRE needed to become dynamic, competitive and globally responsive.

Required Readings:
Transfer and Business taxes 2019, Omar Erasmo G. Ampongan
Transfer and Business taxes 2019, Rex Bangganua

Topics Covered/ Weekly Lecture Schedule:

Required Readings:

Week 1: NOrSU Pre-liminaries

Week 2: Introduction to transfer taxes and estate tax

Week 3: The Basic Concepts of Succession and Will and Properties included in Decedent’s estate

Week 4: Gross Estate

Week 5: Deductions of estate

Week 6: Net Estate, Estate Tax and Tax Credit

Week 7: Concept of Donation

Week 8: Donor’s Tax

Week 9: Gross Gift

Week 10: Midterm

Week 11: Deduction/Exemptions from gross gift and computation of donor’s tax.

Week 12: Introduction to value added tax

Week 13: VAT on sale of Goods or properties/ VAT on sale of services and use of lease of
properties/ importation of goods

Week 14: VAT registration and compliance requirements.

Week 15: Other percentage taxes

Week 16: Additions to Tax ( Civil Penalties and Interest)

Week 17: Community tax

Week 18: Finals