COURSE SYLLABUS

Course Code

TAXAONE

Course Name

Course Credit

Three (3) Units

Income Taxation

Course Prerequisite(s)

FUNDAC1

Course Description

This introductory taxation course is primarily concerned with income taxation. Topics include the basic
principles and rules of the income tax system as these apply to individuals, partnerships and corporations.
Likewise, topics also cover and the income taxation of employees and unincorporated and incorporated
businesses, capital gains tax, final tax on certain passive income and the year-end tax. The course also includes
special topics like the minimum corporate income tax, fringe benefits tax, improperly accumulated earnings tax
and withholding taxes.

Course Outcomes

By the end of the course, the student is expected to:

1. Identify the nature, scope, characteristics, principles and limitations of a sound taxation system.
2. Differentiate and classify the individual taxpayers, corporations, partnerships, estate and trusts.
3. Distinguish the sources of income, exemptions and allowable deductions.
4. Compute the amount of tax due per taxpayer classification and use the correct income tax forms
5.Integrate the value of honesty and integrity in filing the income tax.

Prescribed Textbook

Week
1

Topic
Introduction
Module 1

COURSE CODE

Valencia,Edwin (2013), Income Taxation:Principles and Laws with Accounting Application,

Valencia Educational Supply
LEARNING PLAN
Learning Outcomes

Learning Activities

Learning Assessment

1.Orientation: Course Outline,Class

Rules, Grading System
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Module 2-6

Modules 7-12

Modules 13-18

2.Recall the fundamental concepts and

1.Lecture presentation
techniques of the basic accounting system 2.Dialogue
3.Recall the complete cycle of business
3. Class discussion
activities for service and merchandising
enterprise
4.Enumerate the basic concepts of taxation
and underlying principles.

1.Lecture
2. Class discussion
3.Problem solving

1.Board work
2. Seatwork
3.Quiz

1.Lecture
2.Class discussion
3.Problem solving

1.Board work
2. Seatwork
3.Quiz

Modules 19-24

1. Discuss classification of exclusions 1.Lecture

from gross income
2. Class discussion
3.Problem solving

1.Board work
2. Seatwork
3.Quiz

Modules 25-30

1. Explain the rationale of granting

fringe benefits,
2. Discuss fringe benefits subject to
fringe benefits tax; not subject to
fringe benefits tax
3. Compute the fringe benefits tax

1.Lecture
2. Class discussion
3.Problem solving

1.Board work
2. Seatwork
3.Quiz

Modules 31-36

1.Distinguish ordinary assets from capital

assets
2.Differentiate and compute the capital
gain and capital gains tax on shares of
stock versus real property

1.Lecture
2. Class discussion
3.Problem solving

1.Board work
2. Seatwork
3.Quiz

Modules 37-38

MIDTERM EXAMINATION

Modules 39-42

1.Enumerate the requisites for

1.Lecture

1.Board work

COURSE CODE

1. Enumerate the sources of income

2. Discuss the methods of reporting
Income and expenses

1.Seatwork
2. Quiz

1. Define gross income and its

composition

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deductibility of expenses
2. Discuss and compute the composition
of the allowable itemized deductions
versus optional standard deduction,
including treatment of net operating loss
carry-over and other losses

2. Class discussion
3.Problem solving

2. Seatwork
3.Quiz

Modules 43-48

1.Explain the salient features of Philippine 1.Lecture

income tax system
2. Class discussion
2.Enumerate the group and sources of
3.Problem solving
income of income taxpayers

1.Board work
2. Seatwork
3.Quiz

Modules 49-54

1.Explain the categories of individual

taxpayers
2.Enumerate the classification of tax on
individuals
3. Explain and classify withholding taxes
4. Fill up the different individual income
tax forms

1.Lecture
2. Class discussion
3.Problem solving
4. Accomplish income tax
forms

1.Board work
2. Seatwork
3.Quiz

10

Modules 55-60

1.Compute for the income taxes of

different classes of income taxpayers

1.Lecture
2. Class discussion
3.Problem solving

1.Board work
2. Seatwork
3.Quiz

11

Modules 61-66

1, Explain the categories of corporate

taxpayers including partnerships
2., Discuss and compute the income taxes
of corporations and partnerships, estates
and trust
3. Fill up the different corporate income
tax forms

1.Lecture
2. Class discussion
3.Problem solving
4. Accomplish income tax
forms

1.Board work
2. Seatwork
3.Quiz

12

Modules 67-72

1,Explain and compute the special topic

on minimum corporate income tax
1,Explain and compute the special topic
on improperly accumulated earnings tax

1.Lecture
2. Class discussion
3.Problem solving

1.Board work
2. Seatwork
3.Quiz

13

Modules 73-78

1, Describe, discuss and compute the

1.Lecture

Summary of learning

COURSE CODE

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different income taxes of different income 2. Class discussion

taxpayers
3.Problem solving
14

objectives and evaluation

of accomplishment for the
entire course.

FINAL EXAMINATION
References
De Leon (2012), The Fundamentals of Taxation, Rex Book Store
Ampongan (2012), Income Taxation, Conanan Educational Supply
Domondon (2013), Taxation: Income Taxation, GIC Enterprises
Reyes (2010), The New Quizzer in Taxation, GIC Enterprises
Reyes (2012), Income Taxation: Law and Accounting, sn

Books
Web

Bir.gov,ph;

Journals
Grading System Class Standing-1st half (quizzes, assignment, seatwork )=25%
Mid-term Exam=
=25%
nd
Class Standing -2 half (quizzes, assignment, seatwork)=25%
Final Exam
=25%
100%

Prepared By

Prof. Rosalino G. Fontanosa

Approved By

Notes:
1. Each module is a thirty five minute (35 min) classroom instruction
2. A student is considered late, and is considered half-absent, if he/she arrives in class after the official start time but within the
allowable period of 40 minutes.
3. A student is considered absent from class if he/she is not present within the first 40 minutes of the scheduled class session.
4. A student is held responsible for all course requirements and for the entire content of the sessions missed regardless of the
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reason/s for his/her absence/s.

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