FREE LEARNING: Everything You Don’t Know About VAT: Value-Added Tax, Expanded Withholding Tax and Other Business Taxes

Everything You Don’t Know About VAT: Value-Added Tax, Expanded Withholding Tax and Other Business Taxes


March 04, 2016
AM Learning Session
8:30 AM to 12:00 NN
AIM CONFERENCE CENTER
Benavidez corner Trasierra Streets, Legaspi Village,
Makati City, Philippines

REGISTER NOW! CALL US AT
370-9961 to

63
(Globe) 0917-3257870 (Smart) 0919-6142598
(Sun) 0923-9651398


Learning Session Description

The BIR, in order to increase and enhance voluntary compliance, issued a Value Added Tax (VAT) Audit Program which focuses on conducting a quality audit by the selected VAT audit team. Separate Letter of Authority for examination of VAT is being issued pursuant to the Audit Program. VAT rules are very complex and always subject to different interpretation which the taxpayers find it hard to comply. Thus, in order to minimize potential VAT exposure and risk, understanding its rules and regulation is highly important.

Percentage tax is also included to further expand our knowledge on other business tax.
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Learning Session Outline

A. Basic Principles

Definition/Nature
Computation

B. Vat on Sale of Goods and Properties and Services

VAT Base
12%, 0% and Exempt Sales

C. Special Issues, Such as

• Isolated/incidental transactions
• Deemed sale transactions
• Advance rental
• Reimbursement of expenses
• Brokers/HMOs/Common Carriers
• Services rendered by/to non-resident

D. Input Tax

• Sources of Input VAT
• Apportionment of Input Tax
• Substantiation of Purchases
• Requirements for claiming input tax
• Input VAT on Capital Goods

E. Zero Rated Sales

• Types of Zero Rated Sales
• Automatic Zero Rated Sales
• Effectively Zero Rated Sales

F. VAT Exemptions

• VAT Exempt transactions

G. VAT Registration

• Person required to register
• Venue
• Grounds for Cancellation

H. Invoicing Requirements

• Supporting Documents
• Effects for failure to comply with invoicing requirements
• Required Information in OR and Invoices

I. VAT Returns and Compliance

• Computation
• VAT Returns
• Reminders on Preparation of VAT Return
• Summary List of Sales and Purchases
• Withholding VAT

J. Other Percentage Tax

• 3% percentage tax
• Tax on banks and non-bank financial intermediaries with QB functions
• Tax on financial intermediaries without QB functions
• Tax on domestic common carriers
• Tax on international carriers (by air or water)
• Tax on franchise grantees of water, gas and broadcast stations
• Tax on life insurance companies
• Tax on operators of amusement and recreation places
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Learning Investment for this Half-Day Learning Session

Regular Rate : P 3,988 + VAT

Register Now for the FREE Learning Session

Pay only P 698 + VAT per seat / Learning Session
(Minimal fee includes Certificate, Snacks and Venue Rental)

Pay on or before February 04, 2016
All learning session fees must be prepaid.
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MAKE YOUR RESERVATION NOW! CALL US AT

ARIVA! Events Management, Inc.
370-9961 to 63


(GLOBE)
0917-3257870 / 0905-2858852
0905-2858802 / 0915-9420184

(SMART)
0919-6142598

(SUN)
0923-9651398

Email: SuccessSeminars@Ariva.com.ph

R E G I S T E R O N L I N E: www.Ariva.com.ph

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AIM CONFERENCE CENTER Benavidez corner Trasierra Streets, Legaspi Village, Makati City, Philippines
adress is not specified
04 March , Friday 08:30