ATENEO DE MANILA UNIVERSITY

JOHN GOKONGWEI SCHOOL OF MANAGEMENT

TAXATION
1st Semester, SY 2016-2017
COURSE SYLLABUS

Course Number:
Department/Program:
School:
Instructor:
A.

LAW 124
MAL
JG-SOM
Atty. Danny Chan

COURSE DESCRIPTION:

An introduction to the basic principles of taxation, specifically the common provisions on income
tax, value added tax, excise tax, estate tax, documentary tax, capital gains tax, and donors tax;
rudimentary strategies in tax sheltering and minimization of tax assessments; and rudimentary
tax calculations. At the end of the course, the students must be able to conduct their
businesses without running afoul of basic tax provisions. The students must be able to prepare
their own tax shelters for their respective entrepreneurial projects.

B.

COURSE OBJECTIVES:

The objective of this course is to impart to the students an understanding of the general
principles of taxation and the taxes imposed under the present tax structure in the Philippines.
At the end of the course, the student should have sufficient familiarity with the tax structure in
the Philippines to allow them to assess the tax consequences of ordinary business transactions.

C.

COURSE OUTLINE:

TAXATION
Rev. Aug 2015

Week

of

Topics

Readings

Aug 9

16

Part I: General Principles of

Taxation

De Leon Chp I-A, IB

Meaning, Nature, Basis,

Characteristics and Purpose of
Taxation
De Leon Chp I-C

Nature and Limitations of the Power

of Taxation

Sept 6

Situs of Taxation and Double Taxation

De Leon Chp I-D

Sept 13

Sources, Application, Interpretation

and Administration of Tax Laws

De Leon

Aug 23

30

Means of Avoiding or Minimizing the

Burden of Taxation
Tax Exemptions
Remedies of Tax Payers
Sept 20 or 27
Sept 20
27

Midterm
7

Part II: Income Taxation

What is Income Tax?

Tax Base and Tax Rates
Final Withholding Tax Rates
Excise Taxes
Classification of Tax Payers

Oct 4

10

Oct 11

11

Items of Gross Income and

Exclusions
Taxation in trade or business or the
exercise of profession
Deductions and Exemptions
Corporation MCIT and Nolco

Oct 18

12

Property Tax - Capital Gains v.

Ordinary Gains

Oct 25

13

Part III: Transfer and Business

Chp I-E, F, G

Taxation
Estate Tax
Nov 8

14

Donor's Tax

Nov 15

15

Value Added Tax and Percentage Tax

Nov 22

16

Tariff Customs Code & Excise Tax

Nov 29

17

Study Day

Dec 6

18

Final Exam

D.

Required Readings

Fundamentals of Taxation (2009 ed) by Hector S. de Leon and Hector M. de

Leon Jr.
Taxation Digest 2012 by Crescencio Co Untian Jr. (Central)
E.

Suggested Readings

National Internal Revenue Code http://www.bir.gov.ph/taxcode/taxcode.htm

Taxation General Principles 2009 Abelardo T. Domondon
Taxation in the Philippines by Aban
Tax Table
http://spreadsheets.google.com/pub?key=rdNEann9V0EwxurPGi9lA8g
F.

Course Requirements
1.
Midterms Exam (Departmental)
2.
Finals Exam
3.
Quizzes / Recitation
4.

Final Paper

Recitation
Each class day, students will be called to recite on the provisions assigned for the day. They may also be
asked hypothetical questions related to the application of the law. In case the student is called, and he is
absent, then he will be given an "F" grade.
Quizzes
Quizzes each class day may be given on topics or cases assigned for the day, or for topics discussed in
previous session. However, when the professor is ready to start class but less than half of the students are
present, then a second surprise quiz will be given.

Mid-term
The Mid Term exam coverage will be constitutional and legal aspects of taxation
Finals
The Exam will be an exam to test the ability of the students to apply the knowledge of the law in practical
situations. It will involve computation on cases, examples and hypothetical situations.
Paper

study the tax

implications, identify the taxes applicable, compute the taxes dues, revise the financial
statements for taxes due, and then come up with a tax minimization plan for the business
enterprise.
In the alternative, an individual can do a thesis study or review of certain laws, recent
jurisprudence or revenue regulations.
In groups of 4, students will look for the Mkt or LS paper of business students. They will

G.

Grading System
The final grade will be determined as follows:
Recitation/Class Participation

15%

Quizzes/Papers

30%

Mid-term

20%

Final Examination

20%

Paper

15%
100%

H.

GRADE EQUIVALENT

Numerical Grade

Quality Point
Equivalent

Letter Grade

92 to 100

3.76 - 4.00

87 to 91

3.31 - 3.75

B+

83 to 86

2.81 - 3.30

79 to 82

2.31 - 2.80

C+

76 to 78

1.81 - 2.30

70 to 75

1.00 - 1.80

Below 70

Below 1.00

Overcut

Overcut

I.

CLASSROOM POLICIES

1.

The teacher will attend class unless otherwise indicated by email or text. The students are to wait
quietly inside the room even beyond the 15 minute allowance.
2.
If the teacher starts class with less than half of the class present, he will give a surprise quiz. If he
comes in later than 15 mins, those present when he comes in can request a cancel the lowest quiz privilege.
3.
Official attendance will be taken twice each class day 6pm and 7:30pm. Late students will be
marked absent for the first class but not for the second class. However, students who incur more than 6
absences (9hours) will be given a grade of W.
4.
At the start of the sem, students are required to submit a 3" x 5" index card with 1" x 1" ID picture.
Index Card must indicate the name of the students, ID No., the year and course, high school, landline no.,
cell phone and email.
5.
Any student who cheat in the exam or is caught plagiarizing a paper or portion thereof will
automatically fail the course.
6.
Papers are to be submitted on time. Late papers will not be accepted unless arrangement has been
made at least a day before class.
7.
The members of a group are expected to work closely and share the burden equally. No free riders.
The group mates will be required to force rank each other. The individual grade will be adjusted higher or
lower depending on the forced rank. If a student did not contribute at all, he may be required to write
another individual paper.
8.
Make up quiz will be allowed only in very meritorious cases and only with prior arrangement. In no
case can a student have more than one make up quiz in a sem.
9.
The dress code will be enforced. Failure to comply will mean not being allowed to enter the class
and marked absence.
J.

Consultations Hours

Before class (Tue/Wed) by Appointment

The teacher is available for consultation by appointment to be requested the class prior to scheduled date.
Anytime a student needs to ask any question, he is free to query thru sms, email, or phone call.
Atty. Danny Chan

http:// www.opuschan.com
Email: dchan@ateneo.edu
Mobile: (0928) 996-7719