Value Added Tax and Other Percentage Tax (Webinar)

Value Added Tax and Other Percentage Tax

About the Webinar

Overview

This session will cover the overview of value added tax (VAT) and other percentage tax (OPT) principles and rules in the Philippines. This will include discussions on the legal basis of VAT and OPT, their similarities and differences, transactions that are subject and not subject to these taxes, the basis of their computations, documentary or substantiation requirements and other topics relevant thereto. This will help individuals and businesses, including accountants, bookkeepers and/or tax agents, identify the tax implications in relation to VAT and OPT and consider them in improving their processes and making sound tax-related decisions.

Objectives

● To have a strong understanding on the fundamentals of VAT and OPT
● To be able to easily identify transactions subject or not to VAT and OPT
● To be informed of the substantiation and retention requirements
● To be aware of common VAT and OPT issues
● To understand the filing processes and deadlines
● To improve current company practices to avoid or minimize tax risks

Who Should Participate

● Business owners of MSMEs or large corporations
● Finance / accounting associates, supervisors, or managers
● Accounting and tax professionals
● Individuals filing their own tax returns

Key Topics

A. Introduction to VAT and OPT

B. Value Added Tax System in the Philippines

C. VAT vs. Other Percentage Tax

D. Coverage of Value Added Tax

E. Base Computation of VAT

F. Allowable Deductions in VAT

G. VAT Rates in the Philippines

H. Sample Computation (Gross or Net)

I. Zero-Rated Sales of Goods or Services

J. VAT Exemptions and Exempt Transactions

K. Tax Credits Principle

L. Substantiation Requirements

M. Sample Official Receipt and Invoices

N. VAT Filing Process

O. Introduction to Percentage Tax

P. Transactions Subject to Percentage Tax

Q. OPT Filing Process

Schedule: Click to view BusinessCoach Seminar Schedule »

Duration

6 hours (via ZOOM)

Requirements

• Mobile phone, tablet, computer or laptop
• Download free ZOOM app
• Internet connection
• Good audio connection

Registration Details

Webinar Fee

Php 3,500.00 per participant (inclusive of e-Handouts and e-Certificate) to be paid at least 3 banking days before the event

Reservation

Please call to register, or you may download our registration form. Kindly fill-out and send to us through fax (8727.88.60) or email. You will receive a confirmation within 48 hours.

Mode of Payment

Deposit/Transfer cash payment to Banco de Oro:

• Savings Account Name: BUSINESSCOACH, INC.
• Savings Account Number: 00235-003-71-22

Kindly email deposit slip or screen capture of payment details (indicate name of participant and seminar title) to confirm reservation.

Note

Schedule may change without prior notice. Please call to confirm. BusinessCoach, Inc. is not liable for any expense incurred by seminar registrant resulting from cancellation of any of its events.

Contact Details

Contact Numbers

Please call (632) 8727.88.60, (632) 8727.56.28, (632) 8569.78.84 or (632) 8569.46.90 or call/text mobile numbers 0915.205.0133 / 0908.342.3162 / 0926.622.0768 / 0933.584.7266

Inquiries

For other inquiries, you may also leave a message in our contact form »a