Share |
Download: Flyer - Black&White (.PDF 442kb)
                         Course Outline (.PDF 319kb)

             TaxRET4 Early Bird Deadline           CGBP What is MCLE?
   
THURSDAY & FRIDAY, 14 & 15 MARCH 2013 * 1.5 days - starts at 9am
THE PENINSULA HOTEL, MAKATI CITY, PHILIPPINES
There are various tax avoidance schemes available under the law that would allow taxpayers, particularly persons engaged in real estate business, such as real estate dealers, developers and lessors as well as contractors, brokers, and owners of real property, to reduce their tax liabilities without violating Tax Code provisions.

This comprehensive tax planning program will discuss the legally permissible means of avoiding taxes. Updates, examples, and specific situations will be discussed thoroughly to guide participants in executing their plans or solving their tax problems and issues effectively.
    Who Should Attend:
           • Business Decision-Makers
           • Developers/Contractors
           • Real Estate Agents/Brokers
           • Lawyers/Accountants/CFOs
           • Property Buyers/Owners
           • Lessors/Lessees
           • Everyone interested in saving
             taxes in real estate transactions




Lecturer:

Danilo A. Duncano, CPA is an expert in taxation having authored 23 taxation books including Real Property Transactions Handbook which is being featured in this seminar. He has over 38 years of experience as a tax practitioner both in the private and public sector.

Currently, he holds the position of Director of the Bureau of the Internal Revenue (CESO V). He has served the BIR as Regional Director of Quezon City, Pampanga, and Butuan.

In 2007, he was designated as OIC Deputy Commissioner of the Tax Reform and Administration Group (TRAG), Special Concerns Group (SCG), and Resource Management Group (RMG).



    Limited Seats Only, Pre-Registration Required

   REGISTER NOW
   Avail of Early Bird and
   Group DISCOUNTS


   Seminar Investment is P12,480
   inclusive of Meals, Resource Kit, &
   Certificate of Attendance

   Contact Person: Anna Andaya
   Manila lines (+632) 556-8968 or 69
   Manila Telefax (+632) 842-7148 or 59
   Cebu lines (+63 32) 512-3106 or 07
   Email: anna@cgbp.org
   Check: http://www.cgbp.org
Business World Online International Chamber of Commerce Tri-ISys Forbes College



Optimizing Tax Savings for Real Estate Transactions

A Tax Planning Program with Comprehensive Updates, Cases & Regulations

1.5 days - starts at 9:00am, Thursday & Friday, March 14 & 15, 2013
The Peninsula Manila, Makati City, Philippines

Course Outline


1. Income Tax & Withholding Tax
     a. Different Income Taxes on Real Property Transactions
          • Regular Corporate Income Tax
          • Minimum Corporate Income Tax
          • Capital Gains Tax
          • Tax On Dividends (See Details on Item 3)
          • Improperly Accumulated Earnings Tax
          • Income Tax on Estates & Trusts
     b. Global tax system vs. schedular tax system
     c. Nature of Assets: Capital
                                         Ordinary assets
                                       - Transfer for Insufficient Consideration
     d. Original basis and substituted basis of assets
     e. Type of Taxable Persons
          • Corporation
                    I. Engaged in real estate business
                    II. Not Engaged in real estate business
          • Special Entity (e.g. SPV, Trusts)
          • Joint Venture Engaged in Construction Activity
          • Co-Ownership
          • Husband and Wife
          • Condominium Corporation
          • Non-stock, Non-profit Corporation or Association
          • Cooperatives
          • Alien
          • Estate of a Deceased Persons

     f. Tax Exemptions and Tax Incentives
          • Tax Exemption Under the Constitution
          • Tax Exemption Under the Tax Code
                    I. General Professional Partnerships
                    II. Joint Ventures
                    III. Sale of Principal Residence
                    IV. Tax-Free Exchanges
                              i. Types Under the Tax Code
                                        - Merger or Consolidation
                                        - Exchange of Property for Shares of Stocks
                              ii. Conditions for the Availment of Tax Free Exchanges
                              iii. Tax Avoidance vs. Tax Evasion
                              iv. Sale of Real Property vs. Sale of Shares of Stocks
                    V. Local Government Code
                    VI. Special Laws
                              i. BOI
                              ii. BOT
                              iii. PEZA
                              iv. SBMA
                              v. Other Special Laws (CARP, NHA, BMBE, etc)

     g. Urban Development and Housing Act (RA 7279)
     h. Real Estate Service Act
     i. Expanded Withholding Taxes: Habitually or Not Habitually Engaged in Real Property Biz
          • EWT Rates
          • Gross Selling Price
          • Installment Sales
          • Time to Deduct and Withhold Tax

2. Deferment of Recognition of Income
     a. Types of Installment Sales
          • Sale on the Installment Plan
          • Sale on Deferred Payment Basis, not on the Installment Plan

3. Dividend Declaration Planning
     a. Types of Dividends
          i. Cash Dividend
          ii. Property Dividend
          iii. Stock Dividend
          iv. Liquidating Dividend
     b. When to Declare Dividend or to Dissolve Corporation
     c. When to Use Subsidiary or Branch of a Foreign Corporation
     d. Ways to Avoid Imposition of Improperly Accumulated Earnings Tax

4. VAT and Other Percentage Taxes
     a. Output tax on sales and leases of real property
     b. Exempt transactions
          i. Sale of capital assets
          ii. Sale of socialized housing and low-cost housing
          iii. Sale of residential lot and residential house and lot
          iv. Lease of residential units
     c. Input taxes
          i. Transitional input tax on land and improvements
          ii. Allocation of input taxes

5. Documentary Stamp Taxes
     a. Person Liable to Tax
     b. Documents/ Transactions Subject to Tax
     c. When Taxable?
     d. Taxable Documents
          • Sale or exchange of real property
          • Lease of real property
          • Mortgage of real property
          • Interest in Real Property
          • Loan agreements
          • Promissory Notes
          • Bonds, Debentures and certificates of Indebtedness
          • Deed of Trust
          • Certificate

     e. Time to Pay DST
     f. Venue for Filing of DST
     g. Certificate Authorizing Registration (CAR)

6. Transfer Taxes
     a. Donor’s tax
          • Donation vs. Inheritance
          • One or Two Donors
          • Donation in One Year or Several Years

     b. Estate tax: Planning and Tax Avoidance Schemes
          • Splitting of Income
          • Deferment of Income or Acceleration of Deductions
          • Tax Incentive Laws
          • REIT law
          • Conversion of Nature of Asset or Income
          • Donation
          • Trust

7. Local Business Taxes and Real Property Tax
     a. Transfer Tax
     b. Local Business Taxes
     c. Real Property Tax
          i. Basic Real Property Tax
          ii. Special Education Fund
          iii. Tax on Idle Land
          iv. Basic Principles
          v. Computation and Basis of Real Property Tax
          vi. Remedies

This program will guide you on types of real property transactions and its tax implications.


-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
SEMINAR FEE: P12,480 (Fee covers Meals, Resource Kit, Certificate of Attendance)

GET AS MUCH AS 15% DISCOUNT! AVAIL OF ANY OR ALL OF THE FOLLOWING:

• Less 5% for early registrants (on registrations made on or before February 14, 2013)
• Less 5% for early payment (if made on or before March 4, 2013)
• Less 5% for group registration (minimum of 3 participants)

REGISTER NOW to avail of Early Bird and Group DISCOUNTS
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Share |
Download: Flyer - Black&White (.PDF 442kb)
                         Course Outline (.PDF 319kb)