BSBA-MM

This course introduces the fundamental principles, concepts, and procedures of the Philippine income tax system as applied to individuals and business entities. It emphasizes the computation, filing, and payment of income taxes in accordance with the National Internal Revenue Code (NIRC), as amended by the Tax Reform for Acceleration and Inclusion (TRAIN) Law, the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law, and the Ease of Paying Taxes (EOPT) Law. Topics include taxation of compensation income, business and professional income, and corporate income, as well as withholding taxes, tax compliance, and ethical responsibilities of taxpayers. The course equips students with analytical and practical skills necessary for proper tax planning and decision-making in the field of business.