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Workshop 1: Tax Avoidance & How It
Works + WT Simplified by Dr. Ruperto P. Somera
When: November 24, 2014 (Monday)
8:00 – 5:00 PM
Where: Yuchengco Institute for
Advanced Studies,
5F Tower 2, RCBC Plaza, Makati City
Module 1: Tax
Avoidance and How It Works
I.
Overview of Tax Avoidance
II. Objectives
of Effective Tax Management
III. Year End
Tax Avoidance Options and Strategies
IV. Tax
Management Towards Tax Avoidance
A. Tax
Management In the Filing of Returns
B. Tax
Management on Deductibility of Expenses
C. Tax
Management on Non-Deductible Expenses
D. Tax
Management on Improperly Accumulated Retained Earnings
E. Tax
Management on Withholding Taxes
F. Tax
Management on VAT
G. Tax
Management on Tax Assessment and Tax Remedies
H. Tax
Management on Delinquent Taxes
I. Latest
Related Issuances
Module 2:
Withholding Taxes Simplified
I. Overview of
Withholding Taxes
II. Gross
Compensation Income
III. Final
Withholding Tax
A. Income
Subject To CWT
B.
Withholding Tax on Lease of Properties
C. Withholding
Taxes Income Payments to Certain Contractors
D.
Professional Fees Paid to Medical Practitioners
E. Mandatory
Submission
F. CWT Being
Claimed as Credit (Income Tax, VAT, Percentage Tax)
G. Minimum
Corporate Income Tax on Domestic Corporations
H. Fringe
Benefit Tax
Dr. Somera is
a Tax Consultant, Professor/Lecturer, former Director of BIR &
former Member of Board of Accountancy. He is a retired BIR Regional
Director in Manila and has worked in the BIR for 43 years. He is a
career - Executive Officer (CESO-V). He has three (3) Doctorate
Degrees: Doctor of Philosophy in Business Management, Doctor of
Business Administration and Doctor of Public Administration. He is a
former member of Board of Accountancy and has spent forty years as a
teacher, professor or lecturer at De La Salle, PUP, MLQU and PSBA. He
is a regular speaker/lecturer in tax seminars or fora in the
Philippines and abroad. He had written 38 technical papers in
taxation. Moreover, he is a tax consultant and a Board of Trustee of
prestigious non-stock, non-profit organizations.
Workshop 2: Year-end Tax Planning,
Strategies, and Techniques by Atty. Froilyn D. Pagayatan
When: November 26, 2014 (Wednesday)
8:00 – 5:00 PM
Where: Yuchengco Institute for
Advanced Studies,
5F Tower 2, RCBC Plaza, Makati City
Objectives of
Year – End Tax Planning
Avoiding
Improperly Accumulated Earnings Tax
Relief from
Minimum Corporate Income Tax
Year End
Strategies on Net Operating Loss Carry Over
Optimized Tax
Deductions
Tax Strategies
of Fringe Benefits
Withholding
Tax Strategies
Value Added
Tax Strategies
Compliance in
Bookkeeping Rules and Regulations
Handling Tax
Audit and Taxpayers’ Rights and Remedies
Statutory
Basis of Assessment
Remedies
During Audit
Civil Remedies
Tax Amnesty
Atty. Froilyn
is previously a director of SGV and partner of the law firm Follosco
Morallos & Herce. She received her LI.B. degree from the
University of the Philippines in 2000 and was admitted to the bar in
2001. She received her Bachelor of Arts degree in Political
Science (Magna Cum Laude) from Saint Louis University in 1996.
From 2000 to 2006, she worked with Sycip Gorres Velayo & Co.,
where she had extensive exposure in tax advisory and advocacy as well
as corporate registrations and restructuring. She was resource person
in the Supreme Court’s Technical Assistance to the Philippine
Judiciary on Justice and Development and the Senate Ways and Means
Committee hearing on taxation of common carriers. She had been
speaker on legal issues such as in the Ateneo Human Rights Center
Paralegal Training and the 1st Philippine Retirement and Healthcare
Summit held in April 2011. She teaches Taxation, Commercial Law,
Corporations and Partnerships, and Obligations and Contracts at the
Mapua Institute of Technology School of Business Management.
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