COURSE CODE COURSE TITLE UNITS / TYPE

INCOME TAXATION 3/LECTURE

PREREQUISITE/S
CO-REQUISITE/S NONE

This introductory Taxation course is primarily concerned with income taxation. The objective is to
develop a working knowledge of the basic principles and rules of the income tax system as these apply
to individuals, partnerships and corporations. It covers an overview of the national tax system, and the
COURSE DESCRIPTION
income taxation of employees and unincorporated businesses and incorporated businesses. It provides
the students with knowledge of the capital gains tax, final tax on certain passive income, and the year-
end tax. Including the minimum corporate income tax, the normal tax, and the improperly accumulated
profits tax of corporations and withholding taxes.
INSTITUTION VISION STATEMENT

We aim to be a top learning institution that develops principled leaders passionate about transforming lives for the love and service of

God, humanity, and country.

INSTITUTION MISSION STATEMENT

We are FEU Diliman! Our learning institution offers K12, Tertiary, and beyond. We nurture character and competence and, we inspire

love for lifelong learning.

DEPARTMENTVISION STATEMENT

DEPARTMENTMISSION STATEMENT

PROGRAM EDUCATIONAL OBJECTIVES

PROGRAM OUTCOMES
At the end of the semester, the students are expected to:

a. Understand the nature of taxation; identify the different types of income taxes, and how it affects their lives.
b. Determine the sources of income and exclusion to income for individual, partnership, and corporate taxpayers.
c. Identify the items of expenses allowed as deductions and understand how the government limits the deductions under the
Tax Code.
d. Compute the income tax return of individual, partnership, and corporate taxpayers.
e. Know how to file income tax return and how to apply tax remedies.

FO-ACAD-QAO-001/29JANUARY2020/REV.0
Page 1 of 8
 COURSE LEARNING OUTCOMES AND RELATIONSHIP TO PROGRAM OUTCOMES
PROGRAM OUTCOMES
COURSE LEARNING OUTCOMES (CLO)
a b c d e
1. The student will have better understanding on how X X
to prepare and file income tax return

2. To determine tax liabilities of every taxpayers X

3. To have a thorough understanding about rules and X X

regulation of taxation together with its concepts and
principles.

WEEK TEACHING AND

DETAILED
/ NO. INTENDED LEARNING LEARNING ACTIVITIES ASSESSMEN CL
COURSE
OF OUTCOME (ILO) FACULTY STUDENT T TASK (AT) O
CONTENT
HRS.

1 To orient the course-takers on the  Course  Lecture  Assignmen  Graded

( 4hrs. ) requirements of the subject Orientation  Class t Recitation
 To make the students aware and Policies, Discussi
of and familiar with the Standards, on
policies, standards, and Guidelines 3
guidelines inside the (PSG)
University and the classroom Discussion
to condition the teaching-
learning environment

Determine the scope of taxation

and its limitations
 To know the nature, scope,  Principles of
classification, and essential Taxation
characteristics
 To know principles of sound
tax system
 Limitations of the power of
taxation
 Similarities among taxation,
police power and eminent
domain
 Sites/place of taxation
1
2 Understand the organization,  Taxes, Tax  Lecture  Class  Concept
( 4hrs. ) functions and power of the laws and  Class sharing relation
government agency and officials Tax Discussi sessio illustrations.
tasked to implement tax laws Administrati on
 .Powers and Authority of the on
Commissioner of Internal
Revenue
 Authority of the
Commissioner to
FO-ACAD-QAO-001/29JANUARY2020/REV.0
Page 2 of 8
 Compromise Tax Payments,
Abate or Cancel Tax
Liability
 Tax System and its types
 The criteria for selection of
large taxpayers
 Principles of a sound tax
system
 Types of taxation laws

3 To have an understanding of the  Introduction  Lecture  Assignmen  Quiz and

( 4hrs. ) concept of tax income, situs of to income  Class t Board
income and types of taxpayers taxation Discussi Activity
 To know the concept of on  Graded
gross income Recitation
 Differentiate the types of 3
income taxpayers
 To have an understanding of
the general rules in income
taxation
 To understand the income
tax situs rules

4 To determine the different tax  Income tax  Lecture  Sharing  Graded

(4 schemes under National Internal Schemes,  Class session Recitation
hrs. ) Revenue Code accounting Discussi  Board
 To have an understanding of periods, on illustration
different types of tax methods and
schemes and their scope Reporting
 To understand the concept of
accounting period and its 3
type
 To understand the concept of
accounting methods and
their accounting procedures
 To gain familiarization on
the different types of tax
returns, their deadline and
place of filing
1,2
5 To have a thorough  Final Income  Lecture  Sharing  Quiz
(4 understanding about the features Taxation  Class Session  Recitation
hrs. ) of final income taxation, the Discussi
items of gross income and the on
class of taxpayers subject to final
tax
 To understand the features of
final income taxation
 To know the different
passive income subject to
final tax

FO-ACAD-QAO-001/29JANUARY2020/REV.0
Page 3 of 8
  To determine the general
final tax rates on certain non-  Capital Gains
residents and their Taxation
exceptions

To have an understanding about

the items of gross income subject
to capital gains tax under the
NIRC
 To Identify and distinguish
ordinary assets and capital
assets
 To determine the two types
of capital gains subject to
capital gains tax and their
corresponding tax rates and
tax bases.

Midterm Examination

6 To have a thorough  Introduction  Lecture  Assignmen  Graded

( 4hrs. ) understanding about the nature to Regular  Class t Recitation
and tax structures of the regular Income Tax Discussi  Graphical  Board
income tax on illustration Activity
 Scope of regular income tax  Problem
and its tax model Solving
 Computation of the regular
tax for individual and
corporation  Regular
Income Tax: 3
To discuss the items of income Exclusion
that are excluded from gross from gross
income hence not subject to income
income tax under NIRC.
 To provide list of exclusion
from gross income
 To have a knowledge of the
list of entities under the
NIRC and special laws

7 To know the list of inclusion in  Regular  Lecture  Board  Quiz

( 4hrs. ) gross income subject to regular Income Tax:  Class illustrati  Board
income tax Discussi on Activity
Inclusion in
 To know what are the items on  Board
Gross
of gross income subject to work
regular tax Income and 1,3
computa
To know the employee benefits tion
considered as compensation  Seat
income  Compensatio work /
 To understand the concept of n Income exercise
an employer-employee s
relationship  Board
FO-ACAD-QAO-001/29JANUARY2020/REV.0
Page 4 of 8
  To determine the list of exercise
employee benefits exempted
under NIRC and special laws
and de minimis list
 To know the classification of
employees and the tax
treatment of their
compensation income and
fringe benefits

8 To know different categories of  Fringe  Lecture  Board  Recitation

( 4hrs. ) fringe benefits subject to fringe Benefit Tax  Class illustration
benefit tax and the procedural Discussi  computatio  Quiz and
computation of the fringe benefit on n Board
tax  Seat work / Activity
 To determine the nature of exercises  Graded
fringe benefits  Board Recitation
 To understand the scope of exercise 2
the final fringe benefit tax
 To understand the
procedures of fringe benefit
tax computation
 To know the general rules on
monetary value
 To determine the list of
exempt fringe benefits

9 To effectively determine the tax  Dealings in  Lecture  Board  Board

(4 rules on the measurement and Properties  Class illustration illustration
hrs. ) recognition of gains and losses Discussi  Board  Recitation
arising from dealings in on work and
properties not subject to capital computatio
gains tax but subject to the n
regular income tax  Seat work /
 To know the distinguish exercises
capital gains subject to  Board
regular tax from those exercise
subject to capital gains tax 3
 To understand what
constitute selling price and
the rules on tax basis
 To understand the tax
treatment of gain or loss on
ordinary assets and other
capital assets
 To know the rules on wash
sales as they relate to capital
losses subject to the rules of
regular income tax.
2,3
10 To understand the the rules of  Regular  Lecture  Board  Quiz
(4 regular itemized allowable Allowable  Class illustration  Board
hrs. ) Discussi Activity
deductions under NIRC. Itemized
 To apply the principles of Deduction on
deductions on each item of
FO-ACAD-QAO-001/29JANUARY2020/REV.0
Page 5 of 8
 deductions

To understand the rules of special  Special

itemized deductions and net Allowable
operating loss carry over deduction
 To determine the requisites and NOLCO
and deduction rules of
allowable special expenses
 To determine additional
deduction incentives granted
by special laws
 Optional
To understand the rules of the Standard
optional standard deductions for Deduction
individual and corporate
taxpayers
 To determine the rules on
computing OSD for
individual taxpayers and
corporate taxpayers.

11 To provide an integration of all  Regular  Lecture  Board  Quiz

(4 income tax rules which are Income  Class work and
hrs. ) Discussi computatio
specifically relevant to individual Taxation:
on n
taxpayers. Individual
 To know how to prepare the
quarterly income tax return
1,2
 Rules on installment
payment of the regular tax
 To determine the tax under
the regular income tax
option
 To determine the tax under
the 8% income tax option
1,2
12 To understand the rules of  Regular  Lecture  Board  Quiz
(4 regular taxation in corporation. Income  Class work and  Grade
hrs. ) Discussi computatio recitation
 To understand the corporate Taxation:
on n
gross income tax Corporation
 To determine how to
compute the minimum
corporate income tax
 To know the rationale
behind Improperly
Accumulated Earnings
Tax(IAET) and its relation to
dividends tax
 To determine the scope and
coverage of Branch profit
FO-ACAD-QAO-001/29JANUARY2020/REV.0
Page 6 of 8
 remittance tax and its
procedural computation

13 Know how to prepare and file  Compliance  Lecture  Seat work /  Quiz
(4 income tax return Requirement  Class exercises  Graded
hrs. ) Discussi Board recitation
 Administrative requirements
on exercise
 Attachments to the income
tax return, including CPA
certificate per NIRC
requirement 1
 Keeping of books of
accounts and records,
including report of
inventories
 Prescriptive period of books
of accounts and other
accounting records

Final Examination

(52hrs. Total Hours (Including Faculty-Student Discussion)

)

INSTRUCTIONAL MATERIALS

- Powerpoint Presentation

CLO SUMMATIVE ASSESSMENT TASK (SAT) PERFORMANCE TARGET

1 Long Quiz 1 70%
2 Long Quiz 2 70%
3 Long Quiz 3 70%
4 Long Quiz 4 70%

GRADING SYSTEM
Midterm Grade Final Grade

Midterm Grade (MG) = 60% (CS) + 40% (ME) Final Grade (FG) = 60% (CS) + 15% (ME)+25% (FE)

Lecture: 100% Lecture: 100%

Class Standing (CS) 60% Class Standing (CS) 60%

1. Quiz 60% 1. Quiz 60%
2.Class participation 20% 2.Class participation 20%
(Assignments, Recitations) ( Assignments, Recitations)
3. Activity/Task Performance 20% 3. Activity/Task Performance 20%

Midterm Exam (ME) 40% Midterm Exam (ME) 15%

FO-ACAD-QAO-001/29JANUARY2020/REV.0
Page 7 of 8
 Final Exam (FE) 25%

PASSING RAW SCORE: 70 PASSING RAW SCORE: 70

TEXTBOOK/REFERENCES/ONLINE REFERENCES

Banggawan, Rex B. Income Taxation Banggawan Publishing, 2019

Prepared by: Approved by: Version:

LEONARD C. CANAMO, CPA, MBA

Faculty-In-Charge Version:
1.0
Evaluated by: ALLAN JOSEPH BACUS
ASSISTANT DIRECTOR FOR
HIGHER Date Modified:
JAN 2020
ALLAN JOSEPH BACUS
ASSISTANT DIRECTOR FOR DAB

FO-ACAD-QAO-001/29JANUARY2020/REV.0
Page 8 of 8