Eastern Samar State University

COLLEGE OF BUSINESS MANAGEMENT AND ACCOUNTANCY

Borongan City, Eastern Samar
COURSE SYLLABUS
Course Code: Tax 311

Course Title: Income Taxation

University Vision:

University Mission:

A synergistic multi-campus university producing

value-laden graduates who are proactive in
promoting the economic prosperity, and global
competitiveness of the citizens of the country.

The University shall primarily provide advanced education, higher

professional and technological instruction and training in the fields of
Agriculture, Arts and Sciences, Business and Industry, Computer and
Information Technology, Education, Engineering, Environmental
Sciences, Forestry, Law and Criminal Justice, Medicine and Allied
Sciences and other related studies. It shall intensify its research,
extension and production functions and provide progressive
leadership in its areas of specialization.

The College of Business Management and

Accountancy shall aim to achieve the following:
1. To provide common foundation of
knowledge and understanding concerning

School Year:

First

2016 - 2017

Department: Accountancy

Program: Bachelor of Science in Accountancy

Pre-requisite: None

College Goals:

Semester:

No. of Units:

Total No. of Hours:

54 hrs.

University Core Values:

Excellence
Integrity
Accountability

Program Objectives:
1. To provide students adequate training to acquire:
a. The knowledge, proficiency, and intellectual abilities that can provide services of the minimum
scope and quality which the public needs and has a right to expect from an entry level professional
accountant; and

modern business through a core program

consisting of general education and
business courses;
2. To prepare business graduates for global
competitiveness.
3. To conduct researches in the field of
business and diffuse findings through
instruction and extension.
4. To inculcate to the students moral, ethical,
and spiritual values to make them functional
and law abiding members of the society.

b. The capacity to grow and develop into a fully qualified professional accountant able to function in a
global economy.
2. To strengthen the research and extension activities of the accountancy program.
3. To incorporate values formation in daily lesson activities.

Course Description:
This course exposes the students to the legal and accounting aspects of income taxation. It covers an overview of the national tax system and the income taxation of
individuals, employees, partnerships, corporations and other ventures. It provides the students with the understanding of the implications of a sound tax system and
establishes the basic and conceptual knowledge in income taxation. This delves also on the study of capital gain tax, final tax on certain passive income, and the yearend tax including the preparations of the income tax returns and the reportorial requirements by government agencies.

Program Outcomes:

Course Learning Outcomes:

A graduate of the Bachelor of Science in Accountancy (BSAcc) must attain:

Upon completion of the course, the students are expected to:

1. Explain the basic principles of income taxation and apply the rules
of tax law to real-life situations and be alert for possible decision
making implications.
2. Demonstrate understandability on the implications of a sound tax
system and absorb the basic rules on the computation of taxes of
individuals, partnership, corporations, estates and trusts, and other
joint ventures.
3. Analyze sources of income, exemptions and allowable deductions

1. A higher level of performance and generally to meet the public interest, the need
for CPAs to conform to the ethical standards of the profession becomes vital.
2. Knowledge related to accounting and related areas in private and government
setting and must include proficiency in the international accounting/ financial
reporting and auditing standards, cost management and the latest concepts in
management accounting recent taxes and business and commercial laws and also
includes knowledge of corporate finance and the Philippine capital markets,

professional ethics and environmental accounting and reporting.

3. An ability to carry out abstract logical thinking and learn the process of critical
thinking.

for the different types of income taxpayers and appreciate the

important principles of withholding taxes on wages.
4. Demonstrate knowledge to the latest interpretation of key
provisions of the NIRC, as well as guidelines for tax compliance
provided by the relevant BIR issuances.
5. Apply honesty, accuracy, perseverance and fairness in computing
tax due and understand that taxpayers and government should be
in partnership towards attainment of the objectives of economic
growth.

COURSE LEARNING PLAN

Topics

Orientation: New VMGO and

Subject

Time
Allotm
ent

LO1 LO2

LO3

LO4

LO5

1.5
hours

General Principles & Concepts

of Taxation

6 hours

Basic Income Tax Patterns

and the Philippine Income Tax
System

4.5
hours

Teaching and Learning

Activities

Outcome-Based
Assessments

Course
Syllabus/Student
Handbook

Discussion

References

Active Learning
Problem Solving Instruction
Reciprocal Peer Tutoring
Active Learning
Problem Solving Instruction
Practice and Drill

End Chapter Quiz

Oral Presentation
Peer Review
End Chapter Quiz
Documented Problem
Solutions
Assignments

Active Learning
Problem Solving Instruction
Cooperative Learning
Active Learning
Problem Solving Instruction
Peer Coaching/Tutoring

End Chapter Quiz

Oral Recitation
Assignments
End Chapter Quiz
Peer Review
Open Book Exercises

1,2,3,4,5,6,

1,2,3,4

Preliminary Examination
Income Tax on Individual
Taxpayers

6 hours

Income Tax on Corporations

3 hours

1,2,3,4,5,6

1,2,3,4,5,6

Income Tax on Partnerships,

Estates and Trusts

3 hours

Active Learning
Problem Solving Instruction
Practice and Drill

End Chapter Quiz

Peer Review
Open Book Exercises

Active Learning
Problem Solving Instruction
Guided & Hands on Practice
Active Learning
Problem Solving Instruction
Collaborative Teaching

End Chapter Quiz

Problem Sheet Open Book
Exercises
End Chapter Quiz
Oral Questioning

1,2,3,4,5,6,

Midterm Examination
Gross Income: Inclusions and
Exclusions

9 hours

Deductions

6 hours

Active Learning
Problem Solving Instruction
Practice and Drill

Active Learning
Problem Solving Instruction
Think/Pair/Share

1,2,3,4,5,6

1,2,3,4,5,6

Pre-final Examination

Fringe Benefit Taxes

6 hours

Withholding Taxes, Deficiency

Tax

3 hours

Remedies: Taxpayer and the

State

3 hours

Local Taxation, Customs Code

and Recent Rulings

3 hours

Final Examination

54
hours

Active Learning
Problem Solving Instruction
Practice and Drill
Active Learning
Problem Solving Instruction
Practice and Drill

End Chapter Quiz

Documented Problem
Solutions
Assignments
End Chapter Quiz
Documented Problem
Solutions
Assignments
End Chapter Quiz
Documented Problem
Solutions
Assignments
End Chapter Quiz
Oral Presentation
Open Book Exercises

1,2,3,4,5,6

1,3,4,,6,7,8,9,10

3,4,6,7,8,9,10

3,4,6,10

References:
1. Valencia, E.G., Roxas G. (2015). INCOME TAXATION (Principles and Laws with Accounting Applications) 2009-2010 5th Edition, Valencia Educational
Supply,
2. Reyes, V. D., (2014) INCOME TAX LAW & ACCOUNTING A New Approach. Rex Printing Company Inc.
3. Catindig, T. A.,(2015) THE NATIONAL INTERNAL REVENUE CODE OF 1997, With Comments & Editorial Notations. Rex Printing Company Inc.
4. www.bir.gov.ph
5. Duncano, D.A. (2013) Edition. Philippine Taxation Framework A Simplified Course. Goodwill Publishing.
6. Ampongan, O. (2013) CPA Board Examination Reviewer in BLT. Goodwill Publishing.
7. De Leon, H. (2013 edition). Income Taxation. Rex Printing Company Inc.
8. Bureau of Internal Revenue. Tax Guide, A Quick and Easy Primer on Paying Your Taxes.
9. Duncano, D. (2010). Philippine Taxation Handbook, A Simplified Course. Rex Printing Company Inc.
10. University of Santo Tomas. UST Golden Notes (2011). Taxation Law Reviewer: Local Taxation and Tarif and Customs Code. Bar Ops Committee.

Class Policies:
1. Students are expected to arrive for class on time and to remain in
class until the end of the class session. The students will be
considered dropped from the class after missing 20% of the total
number of hours required for the subject. Students are expected to
attend classes on their respective uniforms.
2. Students are expected to take Major Examinations (Midterm/Finals) on the specified day. In general, no make-up test or retest will be given except when circumstances warrant but with valid
supporting documents shall be presented.
3. Assignment should be submitted on the set deadline. Late
assignment will be deducted accordingly.
4. Students are expected to behave with academic honesty. These
students will have an automatic grade of 5.0 after three (3) offense
of academic dishonesty.
5. This course syllabus may be revised or updated as the semester

Grading System:
Preliminary and Mid-term Period
Major Examination
Class Participation/Exercises
Quizzes
Attendance
Total

40%
25%
30%
5%
100%

B. Pre-Final and Final Period

Major Examination
Class Participation/Exercises
Quizzes
Attendance
Total

40%
25%
30%
5%
100%

progresses to address pertinent events that may happen or

laws/regulations/policies be instituted by lawfully constituted bodies
which supervise or regulate the curricular program under which this
course is offered.
6. Other course policies will be based on students handbook.

Class Schedule:

Consultation Hours:

TTH 7:30 to 9:00 BL 201

Students enrolled in the subject can consult with the faculty during
his/her vacant time to discuss suggestions and/or problems related to the subject
at these days and times:
MW 7::30 to 10:00

Prepared By:

Checked By:

PETER DANIEL C. BUGTAS,CPA

Instructor

DYMPHNA ANN C.CALUMPIANO,CPA

Program Head, BS Accountancy
Program
Date Checked:

Date Prepared: May 31, 2016

Approved:
DR. ALIROSE A.LALOSA, MBA
College Dean
Date Approved: