JOSE RIZAL UNIVERSITY

College of Business Administration and Accountancy

Department of Accountancy

VISION
JRU will be a market leader in the use of technology for innovation in teaching and learning to produce graduates of social importance.

MISSION
The University aims to develop its students to become useful and responsible citizens through the effective transfer of relevant knowledge and
desirable values.

INSTITUTIONAL OUTCOME
A JRU graduate has the competencies and values in the disciplinal area completed such that he/she is a useful and responsible citizen of the country.

COURSE SYLLABUS

Course Title: Income Taxation

Course Code: ACC C202
Credit Units: 3 units
Course Description: This introductory Taxation course is primarily concerned with income taxation. The objective is to develop a working
knowledge of the basic principles and rules of the income tax system as these apply to individuals, partnerships and
corporations. It covers an overview of the national tax system, and the income taxation of employees and unincorporated
businesses and incorporated businesses. It provides the students with knowledge of the capital gains tax, final tax on
certain passive income, and the year-end tax, including the minimum corporate income tax, the normal tax, and the
improperly accumulated profits tax of corporations and withholding taxes. Tax forms are provided for specific topics
discussed.

Pre-Requisite: ACC C205

nd
Placement: Second Year, 2 Semester

Program Educational Objectives (PEO):

Three to five years after completing the BSBA major in Accounting program, the graduate will:
1. excel in their profession/career utilizing the knowledge acquired in the Business Administration program;
2. become effective collaborators and innovators in Business Administration, applying professional/technical skills and competencies to
make a positive impact on society; and

Page 1 of 10
 3. be engaged in life-long learning and professional development through self-study, continuing education, or graduate and professional
studies.

Student Outcomes (SO):

After the completion of the program, the graduates of the BSBA major in Accounting program shall be able to:
a. exhibit specialized knowledge and skills in the application of accounting concepts and principles and reporting practice;
b. select the proper decision making tools to critically, analytically and creatively solve accounting problems and drive results on specific
environmental and global issues;
c. express oneself clearly and effectively with stakeholders in oral or written form using information and communication technology (ICT)
skills;
d. demonstrate social responsibility with high personal, moral and ethical standard.

Course Learning Outcomes (CLO):

At the end of this course, the students shall be able to:

CLO1: demonstrate significant knowledge in the General Principles of Taxation, the Rules and Regulations embodied in the National
Internal Revenue Code of the Philippines.
CLO2: apply learned concepts, principles, rules and regulation and skills in analyzing and solving simple to complex problems on
individual, business and corporate taxpayers.
CLO3: formulate applicable solutions to various cases scenarios or problems and be able to support claims based on learned principles
embodied in the National Internal Revenue Code.

CLO Grid: Each CLO vis-à-vis SO and PEO:

CLO SO PEO
CLO1 a, b 1,
CLO2 a, b, c 1, 2
CLO3 a, b, c, d 1, 2

Course Outline:

Time Frame Topic/Content Course Learning Teaching/Learning Activity Assessment Evaluation

Outcomes
Week 1 Orientation-JRU vision/mission,
3 hours core values, PEO, SO, course
outcomes, grading system and
course policies. Guided discussion/ Online
General Principles of Taxation Visual Activity submission in

Page 2 of 10
 a) Purpose, Scope, (Power Point Presentation) word/docs file
essential of reaction
characteristics of Online facilitation paper on
taxation through ppt presentation. assign
b) Inherent Power of the reading
State Online Guided discussion material (
c) Principles of Sound Tax through zoom/google URL site)
System meets.
d) Limitations on the Power
of Taxation

Week 2 General Principles of Taxation Guided discussion Summative 60% of the

CLO1
3 hours (Continuation) Visual Activity test via student got
e) Taxes (essential {Power Point Presentation) Canvas a rating of ≥
characteristics, (WW1) 3.0
classification, tax vs. Online facilitation
through ppt presentation.
other charges (toll,
special assessment, Online Guided discussion
license fee, debt) through zoom/google
f) Situs of taxation meets.
g) Tax evasion vs. tax
avoidance
h) Double taxation (direct
and indirect)
i) Tax escape

Week 3 1) Powers and Authority of the CLO2

Visual activity (PowerPoint Online 60% of the
3 hours Commissioner of Internal Presentation) submission in student got
Revenue under Section 4 to Guided discussion word/docs file a rating of ≥
7, Title 1 of the Tax Code of reaction 3.0 on a 5-
Online facilitation paper on point scale
2) Authority of the through ppt presentation. assign
Commissioner to reading
Compromise Tax Payments, material (
Abate or Cancel Tax Liability URL site)
and Refund or Credit Taxes Online Guided discussion
3) Duties and Functions through zoom/google

Page 3 of 10
 meets.

Week 4 1) Tax Remedies of the CLO2

Visual activity (PowerPoint Online 60% of the
3 hours government (State) Presentation) submission in student got
(Definition, scope, word/docs file a rating of ≥
prescriptive period, Online facilitation of reaction 3.0 on a 5-
Administrative remedies (tax through ppt presentation. paper on point scale
lien, compromise, levy and assign
distraint), Judicial actions Online Guided discussion reading
(civil or criminal) through zoom/google material (
meets. URL site)
a) Remedies of the taxpayer
(Prescriptive periods,
Administrative remedies Summative
(a) Against an test via
assessment (protest, Canvas
request for (WW2)
reinvestigation); (b)
Request for refund or
credit of taxes (recovery
of erroneously or illegally
collected taxes, forfeiture
of cash refund and tax
credit)
b) Expanded jurisdiction of
the Court of Tax Appeals
(limited to jurisdiction)
Week 5 1) Taxpayer and tax base on Online facilitation
3 hours Individuals through ppt presentation.
CL02 60% of the
a) Classification (citizens,
Online Guided discussion student got
aliens, pure
through zoom/google a rating of ≥
compensation come
meets. 3.0 on a 5-
earner, mixed income
point scale
earner)
b) Basic and personal
exemptions
c) Premium payments for
health and/or

Page 4 of 10
 hospitalization insurance
d) Tax on aliens employed
by regional operating
headquarters of
multinationals, offshore
banking units, petroleum
service contractor or
subcontractor
Week 6 Preliminary Examination 60% of the
CLO1
student got
a rating of ≥
3.0
Week 7-9 Online research through 60% of the
6 hours 1) Gross income BIR website and guided Online student got
instruction re online fill – up submission in a rating of ≥
a) Inclusions in the gross
of actual e-BIR forms/ word/docs file 3.0
income (compensation for CLO1
downloading of BIR related of reaction
services, income derived
forms 1700 1701A 2316 paper on
from business, trade
assign
practice of profession,
Online Guided discussion reading
gains derived from
through zoom/google material (
dealings in property,
meets. URL site)
interest, rents, royalties,
dividends, annuities,
prizes and winnings,
Summative
pensions, partner’s
test via
distributive share from the
Canvas
net income of the general
(WW3)
professional partnership;
other income including
special problems such as
mergers and
consolidation, transfers to
controlled corporation,
wash sale)
b) Exclusions from gross
income
c) Passive income subject

Page 5 of 10
 to final tax
d) Capital gains tax on sale
of real property classified
as capital asset and the
applicable documentary
stamp tax (including
exemption from the
capital gains tax)
e) Capital gains tax on sale
of shares of stock not
through the local stock
exchange and the
applicable documentary
stamp tax
f) Final income tax on fringe
benefits (including
exemptions

Week 10 Online Guided discussion Summative 60% of the

3 hours 1) Deductions from gross through zoom/google test via student got
income CLO1 meets. Canvas a rating of ≥
(WW4) 3.0 on a 5-
a) Itemized deductions
point scale
b) Items not deductible
Optional standard deduction

Week 11 1) Partnerships (general

professional partnerships and CLO3
3 hours Online research through Online 60% of the
business partnerships) BIR website and guided submission in student got
a) Joint ventures (exempt instruction re online fill – up word/docs file a rating of ≥
and taxable) of actual e-BIR forms/ of reaction 3.0 on a 5-
downloading of BIR related paper on point scale
Estate and trust (exempt and forms 1702RT 1702Q assign
taxable). reading
material (
URL site)

Page 6 of 10
Week 12 Mid-term Examination 60% of the
CLO1
student got
a rating of ≥
3.0
Week 13 1) Corporations (Domestic and Online research through 60% of the
3 hours Foreign) Income Tax BIR website and guided student got
a) Regular corporate income CLO2 instruction re online fill – up a rating of ≥
tax of actual e-BIR forms/ 3.0
b) Minimum corporate downloading of BIR related
income tax 10+1+2+1+1 forms 1702RT 1702Q 2307
c) Optional corporate 2306
income tax
d) Improperly accumulated
earnings tax
Week 14 1) Special corporations Online Guided discussion Summative 60% of the
CLO1
3 hours through zoom/google test via student got
a) Domestic (proprietary
10+5 meets. Canvas a rating of ≥
educational institution,
(WW5) 3.0
non-profit hospitals,
Online research through
government owned or
BIR website and guided
controlled corporation,
instruction re online fill – up
etc.)
of actual e-BIR forms/
b) Resident foreign downloading of BIR related
(international carriers, forms
offshore banking units,
regional operating
headquarters of
multinationals, branch
profits remittances)
c) Non-resident foreign
(lessors of equipment,
aircraft and machinery;
owners of vessels
chartered by Philippine
nationals, lessor,
distributor or owner of
cinematographic films).
Week 15 1) Tax return preparation and Online Guided discussion Summative 60% of the

Page 7 of 10
3 hours tax payments (venue and due CLO1 through zoom/google test via student got
dates) meets. Canvas a rating of ≥
1+1+6+1+1+1+1+1+1+1+1 (WW6) 3.0
a) Regular filing (including
Online research through
substituted filing of return
BIR website and guided
and electronic filing)
instruction re online fill – up
b) Large taxpayers and non- of actual e-BIR forms/
large taxpayers downloading of BIR related
forms SMR, NFS and
c) Income tax credits (local
related attachments to
and foreign)
AITR
d) Payment of taxes in
installment
i) Capital gains tax
ii) Tax due exceeds
P2,000.00
e) Withholding taxes (at
source, expanded or
creditable withholding tax,
final withholding taxes
and withholding tax on
government payments)
f) Final taxes
Week 16 1) Compliance Requirements Online Guided discussion Online 60% of the
3 hours CLO2 through zoom/google submission in student got
a) Administrative
meets. word/docs file a rating of ≥
requirements
1+1 of reaction 3.0 on a 5-
(registration, issuance of
Online research through paper on point scale.
receipts, printing of
BIR website and guided assign
receipts)
instruction re online fill – up reading
b) Attachments to the of actual e-BIR forms/ material (
income tax return, downloading of BIR related URL site)
including CPA certificate, forms
per NIRC requirement
c) Keeping of books of
accounts and records,
including report of

Page 8 of 10
 inventories
d) Prescriptive period of
books of accounts and
other accounting records
Week 17 1) Other Topics Online Guided discussion Online 60% of the
CLO2
3 hours through zoom/google submission in student got
a) Special regulations
2+1 meets. word/docs file a rating of ≥
applicable to groups of
of reaction 3.0 on a 5-
companies
Online research through paper on point scale.
b) Minimizing and deferring BIR website and guided assign
tax liabilities instruction re online fill – up reading
CLO3 of actual e-BIR forms/ material (
c) Purchases and sales of a
downloading of BIR related URL site)
company’s own shares
forms
[stock transfer tax]
d) Tax effects of the
acquisition and sales of
companies owned
Week 18 Final Examination 60% of the
CLO1
student got
a rating of ≥
3.0

Course Requirements: Summative tests, Written Case Analysis, Major Exams

Grading System:
GRADE COMPONENT
Class CLO1-
PRELIM 30% 70% Written Works 40% 20%
standing WW1
Summative Test / Quizzes
CLO1-
MIDTERM 30% 20%
WW2
Assignment/Recitation/Group
FINAL 40% Performance Tasks 20% CLO2-PT 20%
Presentation
Product 10% Term Paper/Case
CLO3-P 10%
study/Portfolio
Exam 30% Major Exam 30% Major Exam CLO1- 30%

Page 9 of 10
 EXAM

Textbook Adopted: Tabag, Enrico D. & Garcia, Earl Jimson R., Income Taxation with Special Topics in Taxation, c2019

References: 1. Sebastian Guillermo, Special Tax Laws, Social Studies Publications, c2018 Call#343.04.Se443 2018
2. Tabag, Enrico D. CPA Reviewer in taxation with special topics, PRTC, c2018 Call#343.04076.T112 2018
3. Dimaampao, Japar B. Basic Approach to income Taxation, Rex Bookstore, c2015 Call#343.052.D582 2015
4. Valix, Conrado T., Intermediate Accounting volume 2, GIC Enterprises, c2019 Call#657.044.V173 2019 v.2
5. Robles, Nenita S. Intermediate Accounting , Millennium Books Inc. c2017 Call#657.044.R666 2017

Prepared by: Recommending Approval: Approved by: Reviewed by:

JOEL BAPTISTA DAISY A. DELA CRUZ DR. LEODIGARIO M. DAVID AUGUST 2020
EDUARDO UBINA Department Chair Dean
Faculty Members

Page 10 of 10