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Navigating the Maze of Taxation with Confidence

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The seminar and training titled “Navigating the Maze of Taxation with Confidence” is designed for business owners, finance professionals, and aspiring tax practitioners in the Philippines. This comprehensive program aims to demystify the complexities of the Philippine tax system, equipping participants with the knowledge and tools needed to manage their tax obligations effectively.

Objectives:

By the end of the seminar, participants will feel more confident in navigating the complexities of taxation in the Philippines. They will leave with actionable insights and practical strategies to ensure compliance, optimize their tax positions, and effectively handle tax-related challenges, ultimately contributing to better financial management and business success.

SessionTopic
Session 1: Introduction to the Philippine Tax System
  • Overview of Taxation: Purpose and Importance
  • Types of Taxes in the Philippines: National vs. Local
  • Key Regulatory Bodies: Bureau of Internal Revenue (BIR) and Local Government Units (LGUs)
Session 2: Understanding Income Tax
  • Taxable Income: Definitions and Calculations
  • Tax Rates for Individuals and Corporations
  • Deductions and Exemptions: What You Need to Know
Session 3: Value-Added Tax (VAT)
  • Basics of VAT: Definition and Mechanism
  • VAT Registration Process and Compliance Requirements
  • Input and Output VAT: Calculating and Filing
Session 4: Withholding Taxes
  • Types of Withholding Taxes: Expanded, Final, and Creditable
  • Responsibilities of Withholding Agents
  • Filing and Remittance Procedures
Session 5: Tax Compliance and Reporting
  • Essential Tax Returns: Types and Filing Deadlines
  • Common Compliance Issues and How to Avoid Them
  • Utilizing eFPS for Online Filing and Payment
Session 6: Tax Planning Strategies
  • Legal Ways to Minimize Tax Liability
  • Understanding Tax Incentives and Exemptions
  • The Role of Tax Advisors: When to Seek Professional Help

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