College for Research & Technology of Cabanatuan

Burgos Avenue, Cabanatuan City 3100

Tel. 463-2735 463-2697 600-2200 e-mail: crt.cabanatuan@gmail.com

VISION
To be recognized and respected as one of the premiere members of the academic community that provides excellence in technological education

MISSION
The College for Research & Technology is a nurturing community, devoted in providing accessible and affordable technological education by being a catalyst of innovation in the
promotion of holistic development to empower individuals to discover their true worth and become productive members of the society.

COURSE SYLLABUS

COURSE CODE TAX02

COURSE NAME Business and Transfer Taxation
COURSE CREDIT 3 units
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.

CONTACT HOURS / WEEK LEC: 3 HRS

LAB: NONE
PRE-REQUISITES
COURSE OUTCOMES Upon the completion of the course, the students will be able to:
1. Distinguish taxable transactions, accurately determine the correct tax values and prepare specific tax returns by applying your
understanding to similar tax related problems in accordance with the Philippine Laws on Business and Transfer Taxes.
2. Exhibit acquired skills in taxation as applied to onerous and gratuitous transfer transactions by solving and presenting solutions to
relevant problems and cases.
3. Practice critical thinking and communication skills by carefully analyzing and interpreting taxable transactions problems and cases.
4. Clarify acquired knowledge of the Revenue Regulations and Tax Rulings by solving different transfer and business taxes problems and
exercises.
 College for Research & Technology of Cabanatuan
Burgos Avenue, Cabanatuan City 3100
Tel. 463-2735 463-2697 600-2200 e-mail: crt.cabanatuan@gmail.com

COURSE OUTLINE AND TIMEFRAME

TIMEFRAME COURSE CONTENT / SUBJECT MATTER
WEEK 1 Orientation, Introduction to the Course
WEEK 2 Succession and Transfer Taxes
WEEK 3 Gross Estate
WEEK 4 Deduction from Gross Estate
WEEK 5 Property Relations
WEEK 6 Preliminary Examination
WEEK 7 Estate Tax Credit and Distributable Estate
WEEK 8 Donor's Tax
WEEK 9 Business Taxes
WEEK 10
Value Added Tax
WEEK 11
WEEK 12 Midterm Examination
WEEK 13 Other Percentage Taxes
WEEK 14 Tax Remedies
WEEK 15 Documentary Stamp Taxes
WEEK 16 BOI and PEZA Registered Entities.
WEEK 17 Local Taxation
WEEK 18 Final Examination

ALIGNMENT OF COURSE OUTCOMES WITH ASSESSMENT TASKS (WRITTEN AND/OR PERFORMANCE)

COURSE OBJECTIVES
1. Distinguish taxable transactions, accurately
determine the correct tax values and prepare
specific tax returns by applying your understanding
to similar tax related problems in accordance with
the Philippine Laws on Business and Transfer
Taxes.
ASSESSMENT TASKS (WRITTEN AND/OR
PERFORMANCE)
1. Quizzes and Assignments.
2. Prelim, Midterm and Final Examination
DETAILS
1. In this required output, the students are
expected to be able to apply compute tax due
and be able to prepare in good form and in
accordance to regulations a Tax Return.
2. Student will be familiar with the Philippine Laws
on Business and Transfer Taxes.
 College for Research & Technology of Cabanatuan
Burgos Avenue, Cabanatuan City 3100
Tel. 463-2735 463-2697 600-2200 e-mail: crt.cabanatuan@gmail.com

2. Exhibit acquired skills in taxation as applied to
onerous and gratuitous transfer transactions by
solving and presenting solutions to relevant
problems and cases.
1.
3. Practice critical thinking and communication skills 2.
by carefully analyzing and interpreting taxable 3.
transactions problems and cases. 4.
4. Clarify acquired knowledge of the Revenue
Regulations and Tax Rulings by solving different
transfer and business taxes problems and exercises.
Student are expected to be able to apply tax
regulations on donations and gifts.
Assignment
Quizzes Thru sample companies and transaction students
Course Output should be able to determine the tax impact of each
Prelim, Midterm and Final Examination transaction.
Student will be familiar with the Philippine Laws,
Revenue Regulation and Rulings on Business and
Transfer Taxes.

LEARNING PLAN
WK HRS DESIRED LEARNING OUTCOMES COURSE CONTENT / SUBJECT TEXTBOOK / TEACHING & ASSESSMENT OF
(DLOs) MATTER REFERENCES LEARNING ACTIVITIES LEARNING OUTCOMES
(STRATEGIES)
1 3 Classroom Orientation Course syllabus Sharing of expectations Class Participation
Classroom Policies from teachers and
Discussion of the course syllabus students
Lecture/discussion
Introduction to the Course
2 3 To understand the following; Chap1 Succession and Transfer Taxes
 The basic concept of succession
 The kinds of succession
 What are heirs and their kinds.
Enrico D. Tabag
 What are wills and their kinds. Can be any of the Can be any of the following
and Earl Jimson
 Causes of disinheritance. following: Activities:
R. Garcia
Problem-Solving
Transfer and
3 3 Identifying the composition and Chap2 Gross Estate  Lecture/Discussion Class Participation (Group
Business
valuation that composes the gross  PowerPoint Work, Mini-Outputs,
Taxation (2020
estate. Presentation Quizzes among others)
Edition)
 Understand the definition and nature
of gross estate.
 Understand exemptions/exclusions
from the gross estate.
 College for Research & Technology of Cabanatuan
Burgos Avenue, Cabanatuan City 3100
Tel. 463-2735 463-2697 600-2200 e-mail: crt.cabanatuan@gmail.com

 Understand inclusions in the gross

estate.

4 3 To understand the allowable Chap3 Deductions from the Gross

deductions under the TRAIN law. Estate.
 To understand ordinary, vanishing,
special and standards deductions.
To be able to prepare an Estate Tax
Return. Enrico D. Tabag Can be any of the Can be any of the following
To understand the definition and Chap4 Property Relations and Earl Jimson following: Activities:
5 3 nature of property relations. R. Garcia Problem-Solving
Transfer and  Lecture/Discussion Class Participation (Group
 To understand the definition, Business  PowerPoint Work, Mini-Outputs,
similarities and differences between Taxation (2020 Presentation Quizzes among others)
Absolute Community of Property Edition)
(ACP) and Conjugal Partnership of
Gains (CPG).
 To understand property unions of
regime without marriage.
6
PRELIMINARY EXAMINATIONS
7 3 To understand what is tax credit and Chap5 Estate Tax Credit and Net Enrico D. Tabag Can be any of the Can be any of the following
the statutory formula in computing Distributable Estate and Earl Jimson following: Activities:
such. . R. Garcia Problem-Solving
Transfer and  Lecture/Discussion Class Participation (Group
Business  PowerPoint Work, Mini-Outputs,
Taxation (2020 Presentation Quizzes among others)
Edition)
8 3 To understand the definition and Chap6 Donor’s Tax
nature of Donor’s Tax. Enrico D. Tabag
Can be any of the Can be any of the following
and Earl Jimson
 To be able to understand the following: Activities:
R. Garcia
purpose of Donor’s Tax. Problem-Solving
Transfer and
 To be able to valuate and compute  Lecture/Discussion Class Participation (Group
Business
gross gifts.  PowerPoint Work, Mini-Outputs,
Taxation (2020
 To understand composition of gross Presentation Quizzes among others)
Edition)
gifts.
 College for Research & Technology of Cabanatuan
Burgos Avenue, Cabanatuan City 3100
Tel. 463-2735 463-2697 600-2200 e-mail: crt.cabanatuan@gmail.com

 To understand the effect and relation

of TRAIN Law and Bayanihan to Heal
as Once Act in regards to donations.
 To understand exemption and
deductions from Gross Gifts.
9 3 To understand the definition and Chap7 Business Taxes
nature of Donor’s Tax.
 To understand the types of Business
Taxes. Can be any of the following
Enrico D. Tabag Can be any of the
10- 6 To understand the purpose and nature Chap8 Value Added Tax Activities:
and Earl Jimson following:
11 of Value Added Tax (VAT) Problem-Solving
R. Garcia
 To understand exemptions in Case Study
Transfer and  Lecture/Discussion
applying VAT. Class Participation (Group
Business  PowerPoint
 To understand the effect and relation Work, Mini-Outputs,
Taxation (2020 Presentation
Quizzes among others)
of TRAIN Law and Bayanihan to Heal Edition)
as Once Act in regards to VAT.
 To be able to compute and prepare a
VAT return.
12 Midterm Examination
13 3 To understand the purpose and nature Chap9 Other Percentage Tax
of Other Percentage Taxes
 To understand Overseas
Communication Tax (OCT)
 To understand Gross Receipts Tax
(GRT)
Enrico D. Tabag Can be any of the Can be any of the following
 Be able to prepare a Percentage Tax
and Earl Jimson following: Activities:
Return.
R. Garcia Problem-Solving
14 3 Be able to identifying the Tax Chap10 Tax Remedies Transfer and  Lecture/Discussion Class Participation (Group
remedies by the State against Business  PowerPoint Work, Mini-Outputs,
Erroneously or Illegally Paid Taxes Taxation (2020 Presentation Quizzes among others)
Edition)
Be able to determine the manner of
collection by Judicial and Summary
Proceedings

To be able to identifying the Tax

Remedies by Individual Taxpayers
 College for Research & Technology of Cabanatuan
Burgos Avenue, Cabanatuan City 3100
Tel. 463-2735 463-2697 600-2200 e-mail: crt.cabanatuan@gmail.com

15- 9 To understand the concepts of Chap11 Documentary Stamp Taxes

17 Community Tax and Documentary Chap12 BOI and PEZA Registered
Taxes. Entities
Chap13 Local Taxation
Identifying the BOI and PEZA Enrico D. Tabag Can be any of the Can be any of the following
registered enterprises, their tax and Earl Jimson following: Activities:
exemptions and incentives and fiscal R. Garcia Problem-Solving
obligations. Transfer and  Lecture/Discussion Class Participation (Group
Business  PowerPoint Work, Mini-Outputs,
Understand the Registration Taxation (2020 Presentation Quizzes among others)
Requirements under the Local Tax Edition)
System, the deadline for the payment
of these local taxes and the legal
implications for their non-payment.

18 3 Final Examination

SUGGESTED READINGS & Reference:

REFERENCES
Enrico D. Tabag and Earl Jimson R. Garcia Transfer and Business Taxation (2020 Edition)

Suggested Reading:

Win Ballada (2021). Transfer and Business Taxation

Rex Banggawan (2019), Business and Transfer Taxation

Web Companions:

https://www.bir.gov.ph/

COURSE REQUIREMENTS 1. Written Exams (Prelim, Midterm, Finals)

2. Class Participation (Group Work, Mini-Outputs, Quizzes among others)
3. Regular Attendance

 
 College for Research & Technology of Cabanatuan
Burgos Avenue, Cabanatuan City 3100
Tel. 463-2735 463-2697 600-2200 e-mail: crt.cabanatuan@gmail.com

GRADING SYSTEM Course

1. Class Attendance - 10%

2. Class Participation & Quizzes - 30%
3. Course Output - 30%
a. Seatwork
b. Assignments
c. Case Studies
4. Term Examinations - 30%
a. Prelims (9%)
b. Midterm (9%)
c. Finals (12%)
TOTAL 100%

CLASSROOM POLICIES 1. Written tests during the semester. Exams are to be given by respective instructors per term.
2. Three scheduled major written tests. Make up tests will only be given with prior permission of the instructor. Make up tests must
be taken within a week of the original scheduled test date unless there is an inevitable and acceptable reason.
3. Participation in class discussions and group exercises is a must; thus attendance and being prepared to contribute to the
discussion is also expected.
4. Upon entrance to the classroom, submission of assignments is expected; and working on the challenge of the day is also to be
observed.
5. Punctuality is to be observed. If students come in late, .5 points will be deducted to the attendance/behavior points. Students
should also be responsible for missed materials.
6. Always follow the 5 S’s and CLAYGO (Clean As You GO)

Written tests – It will be administered periodically in order to assess the students’ knowledge of topics within the subject.
Class Work/Activities – Students are expected to participate in all activities and assignments.
Oral Presentations – Students will be expected to present topics that will demonstrate their understanding of the specific subjects..
Strict implementation of deadlines - No late projects, papers, researches or quizzes will be accepted unless you have made prior
arrangements in writing with the instructor and have a valid and documented reason. All late projects that are accepted will have
appropriate deductions.
Quizzes - Make-up quizzes must be done only at the available schedule of the instructor. Unjustified absence resulting to missed
quizzes shall be awarded with an equivalent grade of 20.
 College for Research & Technology of Cabanatuan
Burgos Avenue, Cabanatuan City 3100
Tel. 463-2735 463-2697 600-2200 e-mail: crt.cabanatuan@gmail.com

Special Arrangements and considerations – no special arrangements and considerations will be given after the final term. The
students’ grades shall stand as they are, except when errors in the checking of requirements and/or inputting of grades by the
instructor were found. Change of grade procedure will be then followed for the necessary changes to take effect.
Cheating - All graded requirements must be a students’ own work only. Cheating or plagiarism is a serious breach of academic
ethics and policy (refer to students manual) and could lead to appropriate sanctions. When taking tests, answer must not be seen
by others. If cheating is discovered, all participants will be penalized with a grade of zero for the particular test.
Student contributions – In cases wherein students are grouped to complete a specific task, members must actively participate or
risk being eliminated from the groupings.
Etiquette: Courtesy in class from every student is expected especially during classroom experience. Mobile phones must always be
kept silent and are not allowed to be used for texting or browsing inside the room at any time. Personal/portable media players
must be put away and should not be used at any time during class. The instructor has the right to ask a student who has a
disruptive behavior to leave the class. All students are expected to be familiar with and to follow the guidelines set in the college
student manual.
Attendance – Students who reach the maximum allowable absences will no longer be allowed to continue the course as stated in
the college student manual and will receive a grade of DROPPED.

DRESS CODE
Proper attire is a reflection of one’s self and profession. In General:
Student dress code
o Male - Polo Shirt with CRT Tag

Black Pants
Leather Shoes
o Female - White Blouse with Ribbon

Gray Skirt
Leather Shoes/Heels
Compliance with these professional standards of appearance is mandatory

Prepared by Noted by Approved by

JAN VINCENT J. DE JESUS EMMAN P. ARIMBUYUTAN, CPA, MBA, MICB DR. REYNATO C. ARIMBUYUTAN
INSTRUCTOR DEAN, ACADEMIC AFFAIRS COLLEGE PRESIDENT