Course Syllabus in Fundamentals of Taxation

Course Title : Fundamentals of Taxation

Course Number : ACT103

Hours/Weeks : 54 hours/18 weeks

Pre-requisites : None

Course Description : This course involves a study of the basic principles of income and business taxation for non-accountancy
students. The objective is to develop a working knowledge of the basic principles and rules of the income
and business 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 and incorporated
businesses. It provides the students with the basic and conceptual knowledge of income taxation and the
implications of a sound tax system. It also provides them with the appreciation of the principles pertaining
to business taxation, particularly value-added tax and percentage tax.

Values Integration :

COURSE INTENDED LEARNING TOPICS TEACHING AND ASSESSMENT

OUTCOMES (CILO) and TIME LEARNING TASK
ALLOTMENT ACTIVITIES
1. Define Taxation 1.0 General Principles of Taxation MODULE PACKAGES QUIZZES
2. Describe the nature, basis and 1.1 Definition, Nature and Basis of Taxation ASSIGNMENTS
objectives of taxation 1.2 Objectives of Taxation LECTURE
3. Differentiate the three inherent 1.3 State Powers DISCUSSION
powers of the state. 1.4 Aspects of Taxation
4. Explain the Principles of a 1.5 Basic Principles of Sound Tax System
sound tax system 1.6 Situs of Taxation
5. Identify and explain
constitutional and inherent
limitations.
6. Name and describe the situs of
taxation and its application.

1. Define Tax and describe its 2.0 Taxes MODULE PACKAGES QUIZZES
essential characteristics 2.1 Definition of Tax ASSIGNMENTS
2. Identify and distinguish 2.2 Essential Characteristics of a Tax LECTURE
classification of taxes 2.3 Types of Tax Rate Structure DISCUSSION
2.4 Constitutional Provisions on Progressive System of
Taxation
2.5 Classification of Taxes

1. Have fair knowledge of the 3.0 Tax Laws MODULE PACKAGES QUIZZES
sources of tax authority, sources 3.1 Sources of Tax Authority ASSIGNMENTS
of tax laws and concept of 3.2 Sources of Tax Laws LECTURE
legislative intent 3.3 Interpretation and Construction of Tax Statutes DISCUSSION
2. Describe various sources of tax 3.4 Philippine Tax Laws and Taxes
laws 3.5 Internal Revenue Laws
3. Describe the powers of the 3.6 Bureau of Internal Revenue
Commissioner of Internal a. Powers and duties of the BIR
Revenue b. Powers of the Commissioner

PRELIMS EXAM

1. Distinguish between Income 4.0 Income and Income Taxes MODULE PACKAGES QUIZZES
and Capital 4.1 Income defined and Distinguished from Capital ASSIGNMENTS
2. Outline the general procedures 4.2 Income Tax Defined, Base and Nature LECTURE
in determining income tax. 4.3 General Procedures in Determining Income Tax DISCUSSION
1. Identify the individual income INDIVIDUAL TAXATION MODULE PACKAGES QUIZZES
taxpayers 5.0 Classification of Individual Taxpayers ASSIGNMENTS
2. Define the individual taxpayers 5.1 Citizen LECTURE
and the related terms used. 5.2 Resident Citizen DISCUSSION
3. Illustrate the different 5.3 Non-resident Citizen
classification of individual 5.4 Resident Alien
taxpayers. 5.5 Non-resident Alien
5.6 Non-resident Alien Engaged in Trade/Business
5.7 OCWs or OFWs

1. Identify sources of income of 6.0 Sources of Income MODULE PACKAGES QUIZZES

individual taxpayers 7.0 Definition of Gross Income ASSIGNMENTS
2. Define gross income LECTURE
DISCUSSION
1. Recognize the categories of 8.0 Graduated Tax Rates per TRAIN Law MODULE PACKAGES QUIZZES
income and know the tax rates to 9.0 Categories of Income and Tax Rates ASSIGNMENTS
be used by each type of individual 9.1 Compensation income LECTURE
taxpayers. 9.2 Business Income DISCUSSION
9.3 Mixed Income Earners
9.4 Passive Income

1. Identify the allowable 10.0 Allowable Deductions MODULE PACKAGES QUIZZES

deductions from gross income 10.1 Itemized Deductions ASSIGNMENTS
10.2 Optional Standard Deductions LECTURE
DISCUSSION
1. Compute taxable income and 11.0 Taxable Income and Tax Due MODULE PACKAGES QUIZZES
tax due depending on income 11.1 Individuals Earning Purely Compensation Income ASSIGNMENTS
category 11.2 Self-employed individuals earning Income Purely from LECTURE
2. Prepare income tax returns for Self-employment or Practice of Profession DISCUSSION
individuals 11.3 Individuals Earning Income Both from Compensation
and from Self-Employment

12.0 Declaration of Income Tax for Individuals

MIDTERM EXAM

1. Differentiate general PARTNERSHIP TAXATION MODULE PACKAGES QUIZZES

professional and business 13.0 Partnership ASSIGNMENTS
partnerships. A. General-professional partnerships
 B. Business partnerships LECTURE
2. Compute income tax due of a DISCUSSION
partner of a general professional
partnership and a partner of a
business partnership.
1. Identify corporations. CORPORATE TAXATION MODULE PACKAGES QUIZZES
2. Classify corporations 14.0 Corporations ASSIGNMENTS
3. Identify the different tax rate 14.1 Classification (domestic and foreign) LECTURE
applicable for corporations DISCUSSION
4. Compute the tax due using the 14.2 Income taxes
different tax rates. (when A. Regular corporate income tax
applicable) B. Minimum corporate income tax
C. Optional Corporate income tax

1. Identify Concepts of VAT, its BUSINESS TAXATION MODULE PACKAGES QUIZZES

Nature and Scope 15.0 Value-added Tax ASSIGNMENTS
15.1 Concepts of Value-added tax LECTURE
A. Definition DISCUSSION
B. Scope

1. Compute VAT Payable 16.0 Basic Computations of VAT Payable MODULE PACKAGES QUIZZES
16.1 Output Tax ASSIGNMENTS
16.2 Input Tax LECTURE
16.3 VAT Payable DISCUSSION

1. Compute percentage tax from 17.0 Basic Computation of Other Percentage Taxes MODULE PACKAGES QUIZZES
VAT-exempt sales or receipts ASSIGNMENTS
LECTURE
DISCUSSION
FINAL EXAM

CLASS POLICIES:
A. Schedule of Class
Our class will be flexible and can be conducted either face-to-face or remotely, totaling 54 hours. If a meeting needs to be canceled, I will provide
instructions and additional activities to keep you on pace. We might also have remedial classes if needed to ensure everyone is on track. The final
exam schedule will follow the university calendar, but we can adjust based on your other classes and commitments. Any changes to our schedule will
be communicated in advance through our chosen social media platform, like Messenger.
B. Student Attendance
It is your solemn duty to attend face-to-face or remote classes according to the stipulated class schedule. Relative to such a duty, punctuality is a
highly appreciated value. Thus, being tardy for a fairly enough time of eighteen (18) minutes or 20% of the one and half hour allotted for each meeting
will be considered an absent attendance. Any additional attendance requirements will be considered on a case to case basis since the department
endeavors to be inclusive to all, including those with disabilities and other valid circumstances as we may determine. While the department is flexible
and will exhaust all means to show consideration and understanding of your individual case, you are responsible for compliance of missed works.
Thus, when I have requested, you should provide a waiver or excuse letter for possible absence. In the event of an excused absence, you should
produce proper documentation, such as a health certificate or a parent note, and should make arrangements with me to make up any missed work.
Attendance is highly regarded in classes since they affect your final grades. If you missed nearly three cumulative meetings, I will inform you that you
will be dropped in the class on the seventh.
C. Religious and Cultural Observance
Religious and cultural observances are an essential reflection of diversity. I am committed to providing equitable educational opportunities to all. At
the beginning of the semester, you should review the class requirements to identify possible conflicts with classes and other required activities. Those
who have religious or cultural observances that coincide with the classes and other required activities should inform me by writing within the first two
weeks of the first meeting to allow time for us to discuss and make equitable adjustments. I strongly encourage you to honor your cultural and religious
holidays. However, if I do not hear from you, I will assume that you plan to attend the class.
D. Diversity in Points of View
All diverse points of view are hoped to be well served in this class, and such diverse points of view in this class are seen as an advantage, resource,
and strength. I am committed to providing an atmosphere of learning that is representative of a variety of perspectives. The ideas in the class will
inevitably suggest some particular points of view which do not have to be yours. I encourage you to disagree with these points of view as well as
those of your classmates. Please feel free to express yourself. A significant part of state university education is learning about the complexity of
various perspectives. Thus, we must respect one another, but we do not necessarily have to agree. A richer discussion will occur when a variety of
points of view are presented on the table for discussion.
E. Discussion Guidelines
Guidelines for inclusive conversation are critical for creating a safe and inclusive learning environment. To achieve this, it is critical to adhere to
specific guiding principles that promote diversity. First and foremost, always actively listen to people and encourage each other to offer their
perspectives. This includes not interrupting or talking over others, as well as not assuming their thoughts or experiences. It is also critical to employ
inclusive language that does not exclude someone on the basis of their gender, color, religion, or other characteristics. Avoid making offensive jokes
or using slurs or abusive words. If you're not sure what terminology to use, ask for clarification or research the topic beforehand. Another key rule is
to avoid criticizing someone's character or views during a discussion. Instead, stay focused on the topic at hand and use respectful language even
when you disagree with someone. It's critical to acknowledge that everyone comes from a unique set of circumstances and experiences that affect
their viewpoint. Try to respect these differences and recognize that there is no one "correct" method of thinking. Finally, be willing to learn from others
and admit when you've made a mistake. We are all always learning and growing, therefore making errors is acceptable as long as we are prepared
to listen and learn from others. By following these guidelines, we can create an inclusive and welcoming environment where everyone feels heard
and valued.
F. Accommodation and Accessibility
The department endeavors to be inclusive and to give equal opportunities to all with disabilities. If you have some form of disability, please inform me
at your earliest convenience so that I can accommodate, adapt, personalize, or modify my instruction to facilitate your learning needs.
Accommodations are provided at no cost if you are eligible. We will try our best to give you reasonable accommodations so that you can participate
and progress in the class. To request for reasonable accommodation, fill out the necessary details in the letter of accommodation. This letter can be
requested at the office of the department chairperson. The department will treat your information with utmost confidentiality. Please note that while
the accommodation policies hope to be inclusive to all, these do not intend to lower academic standards or compromise the integrity of the academic
program. The academic conduct and technical standards of the department will be upheld at all times.
G. Universal or Inclusive Design for Learning
You are highly encouraged to actively participate in classroom activities, discussions, and assignments to demonstrate your understanding of the
lesson and contribute to learning. You should notify me as soon as possible if they are unable to attend or participate in class for whatever reason,
and you should collaborate with me to make up for missing work or assignments. I will try my best to make reasonable accommodations and give
assistance for equitable access to educational opportunities. Moreover, to promote universal or inclusive learning, I will use all available resources to
ensure that accommodations, assistance, adaptations, or modifications, such as accessible learning materials, are accessible to you, including those
with disabilities. I will also provide flexible training that includes numerous forms of instruction such as visual aids, hands-on exercises, and interactive
conversations. Additionally, I will use positive reinforcement to promote and celebrate performance and development, such as recognition for academic
achievement or engagement in related activities. Finally, I will develop a culture of respect for diversity and inclusion in which all, regardless of color,
ethnicity, gender identity, sexual orientation, religion, or other personal traits, feel appreciated and supported.

H. Student Mental Health and Well-being

Mental and emotional disturbance, including stress, anxiety, mood changes, diminished self-esteem, or problems with eating and or sleeping can
affect your academic performance. The source of symptoms might be strongly linked to your academic endeavors; if so, please feel free to approach
me.
You may also visit the proper office that provides mental health and counseling services to help you cope with difficult emotions and life stressors that
may threaten your well-being. The services are free and completely confidential. If you find yourself feeling distressed and in need of more immediate
support, I encourage you to seek help. You may contact our University Office of Guidance Counselor thru the following details: 09088105773 /
[email protected].
I. Materials Ownership and Confidentiality
All instructional materials e.g., slide presentations, digital worksheets, etc. given to you are my sole properties, thus the right to ownership cannot be
transferred to you or any other person. Such materials should be treated with confidentiality and should never be reproduced electronically such as
forwarding it to others or uploading copies to online databases without oral and written consent of me. You have the responsibility to secure the
confidentiality of these materials that should only be utilized for your individual scholarly consumption.
J. Student Discipline in All Environments
A face-to-face and online or remote environment is under my authority. I would like you to take the opportunity to demonstrate civil behavior, proper
etiquette, and appropriate respect to everyone in our physical classroom and chosen social media communication platform. I encourage you to
express your freedom of expression or your opinions and comments relative to a particular discussion or task, but please do so with respect and
sensitivity to the ideas and feelings of everyone. Derogatory comments, ranting, and vulgar language are not acceptable. Virtually, you are encouraged
to use your real full names in your online accounts so that I can easily identify you. Upon information, you are expected to download learning materials
if needed and once available. When virtually submitting requirements or consulting me, take it as opportunity to observe and practice general standards
of written communication. In our physical classroom, you should ensure the cleanliness and orderliness during and before exiting the class. In terms
of submissions, if you commit any form of cheating, you will be given a warning and shall be treated according to university policies. Plagiarism or
copying words, ideas, or arguments from another person without citation in any of the class requirements submitted will not be tolerated. It is your
responsibility to monitor your current grade standing in the class and to inform me regarding your assessment concerns and questions.
K. Artificial Intelligence Use
This class maintains a policy that you may use artificial intelligence (Al) to assist you in the writing process but that all artificially-generated text needs
to be explicitly labeled. In handing in your assignment, you agree to disclose the extent to which you used ChatGPT or other Al writing tools in your
assignment. All text by Al must be quoted with the source of the model in parenthesis (ChaGPT). At the end of your paper please include the following
example statement. Failure to adequately disclose your Al use will result in a zero for the assignment. Example statement: "This paper used Al for the
following components of writing process: (choose from the following: brainstorming, editing, sentence generation)."

L. Observance of Green Practices

The term "green practices" pertains to actions that decrease the environmental impact of wastes. Relative to such waste concern, this class promotes
a zero-waste class. As its little way to support and contribute to the cause of a green environment, you are encouraged if possible to use digital copies
of the instructional materials, instructed to email most of the requirements, take traditional assessments via online, and use recyclable materials e.g.,
stainless container for water and food, eco bag for safekeeping of stuff, etc.
M. Sanction Clauses
The sanctions in this class shall apply to anyone who violates our stipulated policies or regulations. Upon consultation with relevant authorities and
contemplation of all involved factors, I may decide to take an appropriate course of action especially for serious violations related but not restricted to
student attendance, student discipline, virtual etiquettes, academic integrity, and materials ownership.

GRADING SYSTEM AND GRADE EQUIVALENT

A. Grading system applicable to business, accounting and professional courses except, law courses, courses with laboratory, courses with practice
set, accounting research, accounting internship and courses that require case presentation/case analysis.
PERCENTAGE DISTRIBUTION:
Prelim 20%
Midterms 20%
 Finals 25%
Quizzes 25%
Others* 10%
TOTAL 100%
*Others may include attendance, seat work, assignment, participation and the like

B. Grade Equivalent
Percentage Grade Description
100-96 1.00 Excellent
95-91 1.25
90-86 1.50 Very Good
85-81 1.75
80-76 2.00 Good
75-72 2.25
71-68 2.50 Satisfactory
67-64 2.75
63-60 3.00 Passing
Below 60 5.00 Failure

INSTRUCTOR: Jibran A. Tomindug, CPA

Email: [email protected]
Student Consultation: By appointment
Mobile Number: 0946 680 0280