UNIVERSITY OF THE EAST

COLLEGE OF BUSINESS ADMINISTRATION

Caloocan

DEPARTMENT OF ACCOUNTANCY, BUSINESS LAW & TAXATION (ACLAT)

UNIVERSITY MISSION STATEMENT:

Imploring the aid of Divine Providence, the University of the East dedicates itself to the service of youth, country, and God, and
declares adherence to academic freedom, progressive instruction, creative scholarship, goodwill among nations, and constructive
educational leadership.

Inspired and sustained by a deep sense of dedication and a compelling yearning for relevance, the University of the East hereby
declares as its goal and addresses itself to the development of a just, progressive, and humane society.

UNIVERSITY VISION STATEMENT:

As a private non-sectarian institution of higher learning, the University of the East commits itself to producing, through relevant and
affordable quality education, morally upright and competent leaders in various professions, imbued with a strong sense of service to their
fellowmen and their country.

CORE VALUES:
The University adheres to the core values of Excellence, Integrity, Professionalism, Teamwork, Commitment, Transparency,
Accountability, and Social Responsibility.

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GUIDING PRINCIPLES:
The Institution declares the following to be its guiding principles:

1. Dedication forever to the service of youth, country, and God; training the youth to become good and competent citizens; promoting a
deep and abiding loyalty to the Motherland and her own way of life; and serving the will of the Creator;
2. Active encouragement of academic freedom, the only road to the realm of wisdom and truth;
3. Constant attunement of curricula to the changing needs of individuals and nations in civilizations and cultures ceaselessly being
enriched by technology, science, and scholarship;
4. Encouragement to the utmost of scholarship and research toward the broadening of knowledge to new horizons and the augmenting
of mankind's harvest of freedom, contentment, and abundance;
5. Promotion, through the bonds of culture, of international amity and goodwill as basis for the enduring world peace long dreamed of by
men; and
6. Uttermost endeavor to attain and keep a position at the vanguard of higher education so that, as a beacon light to all the Orient, it may
attract to its campuses promising youth from many lands in search of wisdom and truth.

INSTITUTIONAL OUTCOMES:
In pursuit of its vision and mission, the University will produce GRADUATES
 attuned to the constantly changing needs and challenges of the youth within the context of a proud nation, its enriched culture in
the global community;
 able to produce new knowledge gleaned from innovative research – the hallmark of an institution’s integrity and dynamism; and
 capable of rendering relevant and committed service to the community, the nation, and the world.

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COLLEGE MISSION STATEMENT:
The College of Business Administration commits itself to prepare the youth through relevant, responsive and ethical curricular programs into
morally upright, competent and well – rounded entrepreneurs, accountants and business managers.

COLLEGE VISION STATEMENT:

The College of Business Administration of the University of the East aims to be recognized as one of the top five producers of highly
competent graduates who possess the knowledge, skills, values and attitudes that prepare them to compete on an even keel in both the local and
global workplace in the 21st century.

COLLEGE GOAL:
The College of Business Administration is committed to provide equal opportunities in quality business education, consistent with
the UE Mission and our national aspiration, and geared towards global interdependence.

PROGRAM EDUCATIONAL OBJECTIVES:

1. Demonstrate a clear awareness and understanding of the nature and concept of transfer and business taxes.
2. Appreciate the succession and estate tax and its difference to donation and gift tax.
3. Reinforce students for careers in accounting and related fields, and make them ready to deal effectively with real – life situations as
professional accountants, researchers and responsible citizens.
4. Equip students for the CPA Licensure Examination and assume employment in Accountancy.

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PROGRAM OUTCOMES:

Programs Outcomes Addressed by the Course

Program Outcomes Introduced Enhanced Demonstrated
(I) (E) (D)
Demonstrate working knowledge in the areas of financial accounting and
reporting, cost accounting and management, management accounting, ✓
auditing, accounting information systems and accounting research.
Demonstrate self – confidence in performing functions as a professional accountant. ✓
Employ technology as a business tool in capturing financial and non – financial
✓
information, preparing reports and making decisions.
Apply acquired knowledge and skills to pass professional licensure / certification
✓
examinations.
Appraise ethical problems / issues in practical business and accounting situations
and recommend appropriate course of action that adheres to the professional code of ✓
ethics.

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 COURSE SYLLABUS IN
SUSTAINABILITY AND STRATEGIC AUDIT
Academic Year 2021 to 2022

Course Code BSA 21035 

Course Title Business Tax

Lecture 3
Credit Units
Laboratory /
-
Studio
Couse Code
Pre-requisite(s)
Course Title Income taxation

Course Description:
This course comprises of different broad topics in taxation, namely, transfer taxes (estate and donor’s tax), business taxes (VAT and percentage tax),
excise taxes, and documentary stamp tax. The topics will be discussed according to the provisions of Tax Code, BIR revenue regulations, Supreme Court
decisions as well as the amendment under TRAIN LAW. Under this course, students will be equipped of technical concepts and rulings and practical knowledge
as to the procedural preparation of estate tax return, donor’s tax return, VAT return, percentage tax return and other returns connected with this course.

COURSE OUTCOMES
Upon completion of the course, the learner will be able to:
1. Identify the essence of Transfer and Business taxes
2. Familiarize with the practice of taxation primarily transfer and business taxes.
3. Have deep knowledge in succession and donation
4. Be ready and obtain mastery in transfer and business taxes for them to be equipped and honed for the CPA board exam.

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 LEARNING MATRIX
Teaching-Learning Activities
Week Hours Learning Outcomes Content Resources Assessment
Name/Title Synch Asynch
 National Internal Revenue Code Quizzes
At the end of the lesson, the learner  General orientation and course Lecture/ ✓  Transfer and Business Taxes, Seatwork
will be able to: content discussion Discussions Tabag Recitation
 Have camaraderie among the ✓  Transfer and Business Taxes,
members of the class 1. Transfer Taxes Work-Along Banggawan
 Appreciation of the content and 1.1 Introduction to transfer exercises ✓  CREATE Law (RA 11534)
significance of the syllabus taxes  TRAIN Law (RA 10963
 Awareness of house rules to be 1.2 Estate Tax vs. donors Seatwork/
st to 2nd
1 3 observe for the entire course tax Homework
 Awareness, enthusiasm and 2. Succession Exercises
diligence in the study of Estate 2.1 Elements of succession
and Business Taxation 2.2 Kinds of successors
2.3 Kinds of successions
a. testamentary succession
b. legal or intestate
succession
c. mixed succession
 National Internal Revenue Code Quizzes
 Know the essence and concept of 3. Gross Estate Lecture/ ✓  Transfer and Business Taxes, Seatwork
gross estate 3.1 Properties to be Discussions Tabag Recitation
included in gross estate ✓  Transfer and Business Taxes,
 What are the items included in the 3.2 Scope of estate tax Work-Along Banggawan
gross estate 3.3 Property relationships exercises ✓  CREATE Law (RA 11534)
between Spouses  TRAIN Law (RA 10963
3 tord
3  The accounting of gross estate for a. Conjugal partnership of Seatwork/
5th married individuals gains Homework
b. Absolute community of Exercises
 Family code provisions related to property
property settlement of spouses

 The Estate tax form for filing

3 4. Deductions allowed to  National Internal Revenue Code Quizzes

6th
 Know the administrative provisions estate (ordinary and Lecture/ ✓  Transfer and Business Taxes, Seatwork
related to estate taxation special) Discussions Tabag Recitation
5. Tax credit for estate tax ✓  Transfer and Business Taxes,
 Appreciate the essence of foreign paid to a foreign country Work-Along Banggawan
tax credits for estate taxation 6. Filing of estate tax returns, exercises ✓  CREATE Law (RA 11534)

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 LEARNING MATRIX
Teaching-Learning Activities
Week Hours Learning Outcomes Content Resources Assessment
Name/Title Synch Asynch
purposes payment of estate tax  TRAIN Law (RA 10963
requirements Seatwork/  Current textbooks on relevant topics
 Know the attachments to the 7. Attachments to the estate Homework related to transfer taxation
estate tax return tax return, including CPA Exercises
certificate
 When is the CPA certificate
needed in filing the estate tax
return of decedents

1. Administration of Prelim Exam

2. Evaluation of Prelim Examination
7th 3. Solution
4. Computation of Prelim Grades
5. Distribution of Prelim Grade to students
 National Internal Revenue Code Quizzes
 Identify the requirements for filing 8. Donor's Tax Lecture/ ✓  Transfer and Business Taxes, Seatwork
of donors tax return 8.1 Gross Gift Discussions Tabag Recitation
8.2 Exemption of certain gifts ✓  Transfer and Business Taxes,
 Describe the required elements of and other deductions from Work-Along Banggawan
8th to donation. gross gift exercises ✓  CREATE Law (RA 11534)
3 8.3 Tax rates in general and
10th  TRAIN Law (RA 10963
 Know when donation is perfected when the donee is a Seatwork/  Current textbooks on relevant topics
stranger Homework related to transfer taxation
 Know the administrative provisions 8.4 Filing of donor's tax returns, Exercises
of donors taxation payment and requirements

3  National Internal Revenue Code Quizzes

11th
 Determine the concept of Business 9. Business Taxes Lecture/ ✓  Transfer and Business Taxes, Seatwork
taxes 9.1 Introduction to Discussions Tabag Recitation
business taxes ✓  Transfer and Business Taxes,
 Describe the difference between a. VAT Work-Along Banggawan
the VAT and percentage tax b. Percentage exercises ✓  CREATE Law (RA 11534)
c. Excise  TRAIN Law (RA 10963
 Know the nature of business taxes 10. Introduction to Value Seatwork/  Current textbooks on relevant topics
and its difference to other taxes in Added Tax Homework related to transfer taxation
the Philippines 10.1 Reforms introduced Exercises
by VAT
10.2 Nature of VAT

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 LEARNING MATRIX
Teaching-Learning Activities
Week Hours Learning Outcomes Content Resources Assessment
Name/Title Synch Asynch
 Recognize the reforms introduced 10.3 Scope of VAT
by VAT in the Philippines

1. Administration of Midterm Exam

2. Evaluation of Midterm Examination
12th 3. Solution
4. Computation of Midterm Grades
5. Distribution of Midterm Grade to students
3  Know the VAT subject transactions  National Internal Revenue Code Quizzes
13th to
11. VAT-subject Transactions Lecture/ ✓  Transfer and Business Taxes, Seatwork
15th  Define zero rated sale 11.1 Sale of goods or Discussions Tabag Recitation
properties (actual ✓  Transfer and Business Taxes,
 Define regular sale sales, deemed sales, Work-Along Banggawan
zero-rated sales) exercises ✓  CREATE Law (RA 11534)
 Define government sales 11.2 Sale of Services  TRAIN Law (RA 10963
and lease of properties Seatwork/  Current textbooks on relevant topics
 Differentiate the zero-rated sales (actual sales or lease, Homework related to transfer taxation
to VAT exempt sales zero-rated sales) Exercises
11.3 Importation
 Know the administrative provisions 11.4 VAT exempt
of value added taxes transactions
11.5 Input-value added
taxes
a. Passed-on VAT
 Obtain knowledge of the invoicing
b. Transitional input
requirements that are critical in
VAT
value added taxes accounting
c. Presumptive input
VAT
d. Withholding VAT
(creditable and
final)
e. Excess VAT input
in previous return
11.6 Refund of VAT
input (zero-rated sales,
purchase of land and
capital goods)
12. Compliance requirements

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 LEARNING MATRIX
Teaching-Learning Activities
Week Hours Learning Outcomes Content Resources Assessment
Name/Title Synch Asynch
(invoicing, returns and
payment of value-added
tax; power of the
commissioner to suspend
the business)
 Know the transactions that are 13. Percentage Taxes  National Internal Revenue Code Quizzes
subject to percentage taxes 13.1 Taxpayer, tax Lecture/ ✓  Transfer and Business Taxes, Seatwork
base, and tax rate Discussions Tabag Recitation
 Enumerate the rates of each 13.2 Tax on persons ✓  Transfer and Business Taxes,
transactions that are under exempt from value added tax Work-Along Banggawan
percentage tax system (annual gross sale not exercises ✓  CREATE Law (RA 11534)
exceeding P550,000)  TRAIN Law (RA 10963
 Know the administrative provisions 13.3 Tax on receipts or Seatwork/  Current textbooks on relevant topics
of percentage tax system domestic or international carrier Homework related to transfer taxation
(including exemptions) Exercises
13.4 Tax on banks and
16th 3
 Obtain the deadlines for filing of non-banks intermediaries
percentage taxes. 13.5 Tax on life
insurance
13.6 Tax on agents of
foreign insurance companies
13.7 Amusement taxes
13.8 Tax on winnings
13.9 Stock transaction
tax
Returns and payment of
percentage tax (regular filing
 Explain the available legal 14. Tax remedies  National Internal Revenue Code Quizzes
remedies of the Government and a. National Lecture/ ✓  Transfer and Business Taxes, Seatwork
the taxpayers. b. Local Discussions Tabag Recitation
✓  Transfer and Business Taxes,
Work-Along Banggawan
17th
3
exercises ✓  CREATE Law (RA 11534)
 TRAIN Law (RA 10963
Seatwork/  Current textbooks on relevant topics
Homework related to transfer taxation
Exercises
18th 3 1. Administration of Final Exam

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 LEARNING MATRIX
Teaching-Learning Activities
Week Hours Learning Outcomes Content Resources Assessment
Name/Title Synch Asynch
2. Evaluation of Final Examination
3. Solution
4. Computation of Final Grades
5. Distribution of Final Grade to students

REFERENCES
Textbook Tabag, E. and Garcia,J. (2021). Transfer and Business Taxation, Mandaluyong City: Millennium Books, Inc.
Banggawan, R. (2021). Transfer and Business Taxes. Baguio: Real Excellence Publishing, Inc.

Other References  RA 10963, Tax Reform for Accelaration and Inclusion (TRAIN LAW); Source: Internet
 National Internal Revenue Code of the Philippines (RA 8424); Source: Internet
 Revenue Regulations 12-2018 and 13-2018; Source: Internet

OTHER ELEMENTS
Grading System Cumulative Grading System is prescribed by the
University. As such, the following computations are
applied:

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Classroom 1. Students must attend at least 80% of the total credit hours of the subject to be considered enrolled
Policies 2. Cellular phones and other electronic communication devices are to be switched off or kept in silent mode during the class
hours.
3. A student who fails to take any of the two major examinations may apply for a special examination upon establishing to the
satisfaction of the College Dean, through
supporting documents an incapacitating physical or mental condition, the death or serious illness of an immediate family
member, or other exigencies.
4. Cheating in any form before or during an examination, test or written reports is prohibited.

Consultation MWF 1-2PM

Hours

PREPARED BY: VERIFIED BY:

Mr. JAMES DANE T. ADAYO, CPA MBA

REVIEWED BY: RECOMMENDING APPROVAL: APPROVED BY:

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 PROF. JHEROME G. NG, CPA, MBA <<Name of Associate Dean/College Sec>> PROF. EMETERIA B. DALISAY
Department Chair Associate Dean/College Sec Dean
Accountancy, Business Law and Taxation <<College Initials>> CBA
(ACLAT)

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