TECHNIQUES TO REDUCE TAX LEGALLY
Featured Speaker: Ms. Rhodora Icaranom
Former Revenue District Officer – B.I.R.
December 11, 2020
2:00pm – 5:00pm
Regular Rate Php 1,499.00 + VAT starting December 5, 2020
Early Bird Rate Php 1,399.00 + VAT until December 4, 2020
Group Rate Php 1,299.00 + VAT per pax for 5 or more pax
Inclusive of the Webinar Session, Presentation Materials of the Speaker and the Digital Certificate (with dashboard)
TECHNIQUES TO REDUCE TAX LEGALLY
It is always an ordeal to taxpayers not knowing how to report the correct taxes and being able to report all the necessary costs and expenses to arrive at the least possible Income Tax, VAT, Percentage Tax and to avoid legally other transactions taxes.
This webinar shall tackle most if not all, the transactions of revenues, cost, capital and financial expenditures and operating expenses that when managed, can bring out the optimum tax savings. It is worth noting that the key to determining how to plan legally an entity’s tax optimization is by knowing the bases of the tax treatments of all the balance sheets and income accounts.
There had been continuing issuances of revenue regulations, memorandum orders and circulars even during the time of pandemic which shall be helpful in ensuring that our financial condition and operations are shielded by proper compliance with the processes in order to maximize the deductions and minimize the entity’s tax exposure.
ITEMS FOR DISCUSSION:
- How to process your present losses to be booked in the current and future period.
- Learning the processes for Inventory Losses, Obsolescence, Spoilage and Breakage.
- How to properly claim Bad Debts.
- How to legally avoid Improperly Accumulated Earnings Tax and knowing who are exempt from it.
- Knowing the limitations of the EAR (Entertainment, Amusement & Recreation)
- Knowing the threshold of income deduction and VAT Input Tax claims on luxury vehicles.
- Knowing the How to Keep Exemptions (Income Tax Holiday, PEZA, BOI, BMBE)
- Learning the use of Tax-Free Exchange and its benefits to the transacting parties and the requirements.
- Learning the Proper Tax Presentation of Salaries and Wages (Taxable and Non-taxable)
- Determining the Interest Arbitrage (Limitations of Interest Expense Claims)
- How to donate with additional incentives, exemptions from Donors Tax, Income Tax and VAT.
- How to manage claims of Withholding Taxes (BIR Form 2307)
- Classifying assets into Capital Asset or Ordinary Asset and understand the Tax Risks for Income Tax and VAT purposes.
- Monitoring accounts that are subject to annual DST.
- Knowing the right to Amnesty, Compromise and Abatement of Penalties for Delinquent Accounts.
- and many more.
RESOURCE SPEAKER – Ms. Rhodora Icaranom
- Ms. Rhodora G. Icaranom is the former Revenue District Officer(RDO) of the Bureau of Internal Revenue. Her tax experience was mostly spent in the Financial District Makati where she was assigned as Asst. Revenue District Officer for almost nine years. She had a one-year stint in the Large Taxpayers’ Division as Head of the Banks and Financial Intermediaries.
- In her career with the tax authority she received a distinguished award on the nationwide BIR search for Outstanding Group Supervisor-Centennial Year during the BIR’s Centennial Celebration in 2004 for her consistent exemplary performance in Audit and Tax Collection being the Head of the Special Task Force in Manila Region. As a member of the BIR Pool of Speakers, she was a regular lecturer of BIR in various tax topics usually focused on updates. At the same time, she is an accredited PICPA speaker in the PICPA National office and various regions for the last two decades. She is also a former professor of Accounting at the De La Salle University.
- During her years of tax service in the government, she attended various trainings held by BIR, some of which were sponsored by Germany, Japan, US and by the big Auditing Firms. In November 2012, she was sent to a month-long training and conference for International Taxation on a Senior Executive Program in Tokyo, Japan sponsored by JICA. Subsequently in October 2015, she also represented BIR for the International Taxation on Financial Instruments in Kuala Lumpur, Malaysia sponsored by Malaysian Internal Revenue Authority and International Bureau of Fiscal Documentation IBFD of London.
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Thank you and enjoy!
Keep safe and God Bless
₱1,499.00 + VAT
TECHNIQUES TO REDUCE TAX LEGALLY
₱1,499.00 + VAT