Managing Tax Assessment and Tax AMNESTY 2021

Do you want to know the proper approach, strategies and justifications for BIR tax assessment? 


First time in the history of the BIR, in the year 2012, the tax collection reaches the P 1 TRILLION mark. As a result, the collection goal increases yearly and in the year 2019 the collection goal is set at P 2.3 TRILLION. Who do you think will be affected by this collection goal? Of course, it’s us, the taxpayers. Possible tax exposure may involve a huge amount of money and can extract a heavy blow in Company’s finances or sometimes lead to its closure or dissolution.



MasterClass 3.0



Managing Tax Assessment and Tax AMNESTY:

How to Prepare for BIR Tax Audit and How to Handle BIR Tax Assessments


Friday, September 17, 2021

9:00 AM – 12:00 NN PHT

LEARNING INVESTMENT


Regular Rate: ₱ 3,299 + VAT / Participant

 

Reserve Your Spot NOW and SAVE Php. 2,000


Bayanihan Rate: ₱ 1,299 + VAT / Participant

(Pay on or before August 20, 2021)

 


LEARNING INVESTMENT INCLUDES:


Enjoy a “Fun-filled” e-Learning experience, complete with online session materials

and e-certificate of attendance after online course completion.


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Webinar Description:


Apparently, the BIR is very aggressive in achieving its collection goals and thus, several measures were resorted to achieve that respective goals. 


Taxes are necessary not only to sustain the government’s operations but also to fund projects that were developed to help promote economic growth and the welfare of its citizens. Without taxes, the government would be paralyzed because absent the needed funds, the government, no matter how formidable, may not be able to perform its functions effectively. 


Considering the rise in the volume of government projects to ensure public welfare and safety amidst the COVID-19 pandemic, it is not surprising that the tax collection agencies, such as the Bureau of Internal Revenue (BIR), are finding ways to strengthen its tax collection and make it more efficient. Indeed, tax collection is of primordial importance. 


Consequently, taxpayers such as single proprietors or corporations are in constant threat for possible tax exposure. Possible tax exposure entails a huge amount of money and unfortunately, some of existing companies were forced to cease operations or dissolve their corporations because they can no longer settle their outstanding tax liabilities with the BIR.

The purpose of this webinar is to arm or equip the taxpayer with the prevailing laws, rules and regulation used by the BIR in assessing and collecting taxes and the corresponding taxpayer’s rights and remedies. Strategies in handling tax assessments and collection are also included so that the taxpayer may lessen its tax liabilities.


This online session also designed to provide the participants basic knowledge and procedures on how to avail the tax amnesty as provided in the tax amnesty act.


Webinar Objectives:


The specific objectives of this unique fun-filled online learning experience are:

  • To know the basic principles of Tax Laws
  • To learn the basic types of Audit Notices
  • To learn the basic Assessment Process
  • To be able to address properly the BIR officials
  • To know the usual findings of the BIR
  • To learn the rights and remedies available to a taxpayer
  • To know the collection process (administrative remedies) of the BIR
  • To learn the compromise settlement for delinquent account

Who should attend?

  • Business Owners (Single Proprietor or Stockholders)
  • Business Managers and other employees
  • Accountants (Whether employee or practitioner)
  • Others who want to know how to handle BIR’s tax assessment

Webinar Outline:


Session 1: Basic Principles of Taxation

  • Interpretation of Tax Laws
  • Sources of Tax Laws
  • Power of Commissioner of Internal Revenue

Session 2: Types of Audit Notices and the Proper Approach in Handling Them

  • Letter of Authority (LA, eLA)
  • Memorandum of Assignment
  • Letter Notice 
  • Mission Order

Session 3: Managing Tax Enforcement

  • Tax Surveillance
  • Oplan Kandado 
  • Tax Mapping

Session 4: Approaching BIR Assessment

  • Basic Assessment Process
  • Subpoena Duces Tecum
  • Preliminary Assessment Notice (PAN)
  • Final Assessment Notice (FAN)
  • Protesting the FAN
  • Court of Tax Appeals
  • Usual findings of BIR officials
  • Invoking the defense of Prescription
  • Waiver of the Statute of Limitations

Session 5: Managing Delinquent (Collectible) Account

  • Delinquent Account
  • Modes of Collecting Taxes
  • Prescription of time to collect
  • Administrative Remedies
  • Distraint, levy and garnishment
  • Levy of Real Property

Session 6: Compromise of Tax Liability

  • Cases that can be compromised
  • Grounds for compromise
  • Doubtful Validity of Assessment
  • Financial Incapacity of Taxpayer
  • Minimum Compromise Amount

Session 7: Estate Tax Amnesty

  • Coverage 
  • Exceptions
  • Entitlement
  • Computation of Net Estate
  1. Gross Estate
  2. Allowable Deductions
  • Availing Tax Amnesty
  • Immunities and Privileges

Session 8: Tax Amnesty on Delinquencies

  • Coverage
  • Entitlement
  • Availing Tax Amnesty on Delinquencies
  • Immunities and Privileges

Claiming eCertificates


An eCertificate of Attendance will be awarded to participants who successfully completed the entire Virtual MasterClass.


Survey Online Questionnaire will be emailed after the e-Learning Event for participants to give feedback.


An eCertificate of Achievement will be emailed to the registered email address of the participants upon completion of the online Feedback Form.


Please ensure email address provided during registration is accurate or eCertificates may not be received.


Online Certificates will be available 3-5 days after the e-Learning Event.


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ARIVA Academy Philippines, Inc.


8832-9901 | 8835-9354


(GLOBE/VIBER) 0917-3257870


(SMART) 0919-6142598



Email: SuccessSeminars@Ariva.com.ph



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