TAXATION 101 FOR HR PROFESSIONALS IN THE PHILIPPINES

What Will You Learn?

• Understand the Philippine Tax System and Regulations: Gain a foundational understanding of the structure, roles, and functions of key tax authorities in the Philippines, as well as the responsibilities and rights of taxpayers.
• Master Income Tax Fundamentals: Develop knowledge of different types of income subject to tax, distinctions between personal and corporate income tax, and the computation of taxable versus non-taxable income, including applicable tax rates and brackets.
• Effectively Manage Payroll Taxes and Withholding: Learn how to compute, withhold, and remit payroll-related taxes, including contributions to SSS, Pag-IBIG Fund, and PhilHealth, while ensuring accurate reporting and compliance.
• Navigate Employee Benefits and Taxation: Understand the tax implications of various employee benefits, including allowances, bonuses, retirement packages, and tax-free fringe benefits, ensuring accurate treatment and compliance.
• Ensure Compliance with Tax Reporting Requirements: Gain practical skills in preparing, filing, and submitting tax returns and BIR forms, while maintaining proper records and documentation to manage tax audits and assessments effectively.
• Stay Updated on Recent Changes in Tax Laws: Stay informed about recent amendments and regulatory changes impacting HR practices, with a focus on adapting strategies to comply with evolving tax regulations.
• Apply Taxation Knowledge to Real-Life Scenarios: Analyze and apply concepts learned through case studies and practical exercises, focusing on payroll tax management, employee benefits, and developing effective tax compliance strategies.
• Prepare for Comprehensive Assessments and Review: Review and reinforce key topics through practical exercises, a final examination, and problem-solving sessions, ensuring participants are equipped to handle taxation responsibilities confidently.