I.

TOPIC
TAXATION LAW 2019 BAR SYLLABUS
II. National Taxation (NIRC, as amended by TRAIN Law)
B. Income Tax
6. Income Tax on Corporations
a. Income tax on domestic corporations and resident foreign corporations (Trax, Shai, Flo)
i. Minimum Corporate Income Tax
ii. Branch Profit Remittance Tax
iii. Itemized deductions vs. Optional Standard Deductions
iv. Taxation of passive income
v. Taxation of capital gains
b. Income tax on non-resident foreign corporations (Yanna)
c. Income tax on special corporations (Jedia, JM, Joanne)
i. Proprietary educational institutions and hospitals
ii. Non-profit hospitals
iii. Government-owned or controlled corporations, agencies, or instrumentalities
iv. Domestic depository banks (foreign currency deposit units)
v. International carriers doing business in the Philippines
vi. Off-shore banking units
vii. Resident foreign depository banks (foreign currency deposit units)
viii. Regional or area headquarters and regional operating headquarters of multinational companies
d. Improperly Accumulated Earnings Tax (IAET) (Luigi)
e. Exemptions from tax on corporations (Luigi)
f. Tax on other business entities: general partnerships, general professional partnerships, co-
ownerships, joint ventures, and consortia (Josh, Harvey)

II. CALENDAR
MAY
MON TUE WED THU FRI SAT SUN
6 7 8 9 10 11 12
Deadline for
PPT, 10PM

III. GDRIVE
1. Account: tax2group2@gmail.com
2. Password: reporting2nd
3. Link of GSlides:
https://docs.google.com/presentation/d/1YtUEbZAiar7TeBy8JofL2zkZC0P7522QZGC8AQZaCrM/edit?usp=sh
aring