The ABC’s of Expanded Withholding Tax and Final Withholding Tax

Event Finished
3
Category
Seminars
Date
2015-09-14 00:00
Place
Multipurpose Hall WSI Corporate Center 1005 Metropolitan Avenue Makati City, Philippines 1205
Telephone
475-2790
Email
This email address is being protected from spambots. You need JavaScript enabled to view it.

About the Seminar

In the operation of withholding tax system, the withholding agent is the payor, a separate entity acting no more than an agent of the government for the collection of the tax in order to ensure its payments.   The withholding agent-payor is liable for his failure to perform his duty to withhold the tax and remit the same to the government.  Under the present rule, failure to withhold taxes will cause the disallowance of expense notwithstanding the payment of the withholding taxes at the time of audit investigation.  
          Consequently, knowledge of the tax laws, rules and regulations on the taxation of withholding tax is imperative so that the company may minimize the risk of deficiency withholding tax and its corresponding penalties and to deficiency income tax for the disallowance of the expenses not subjected to withholding tax.

 

 

Objectives

 

  1. To know the nature of Withholding Tax
  2. To know the computation of Withholding Tax
  3. To know the income payments subject to Expanded Withholding Tax
  4. To know the income payments subject to Final Withholding Tax
  5. To know the basic tax compliance for the Withholding Tax

 

 

Who Should Participate

 

  • Business Owners (Single Proprietor or Stockholders)
  • Business Managers and other employees
  • Accountants (Whether employee or practitioner)
  • Others who want to know about Expanded Withholding Tax and Fringe Benefits Tax

 

 

Key Topics

 

1.   Nature of Withholding Tax

  • Types of Withholding Tax
  • Who are required to Withhold
  • Persons Exempt from Withholding Tax

2.   Computation of EWT

  • Withholding Tax Base
  • Withholding Tax Computation
  • Timing of EWT

 3.   Expanded Withholding Tax

  • Professionals and Talent Fees
  • BPO Services
  • Professional fees for services rendered by medical practitioners
  • Rentals
  • Brokers
  • Agricultural Suppliers
  • Funeral Parlors & Embalmers and Toll fees
  • Interest Income on Debt Instruments not considered “deposit substitutes”
  • Contractors
  1. Freight Forwarders
  2. Transportation Contractors
  3. Security Agencies
  4. Advertising Agencies
  5. Labor Recruiting Agencies
  6. Computer Services
  • Top 20,000 Corporations
  • Seminars & Training fees
  • Event Organizers
  • Transactions with Government
  • Sale of Real Property Classified as Ordinary Assets

4.   Final Withholding Taxes       

  • Royalties
  • Interest
  • Dividends
  • Sale of Real Property classified as Capital Assest
  • Branch Profit Remittance Tax

5.   Tax Compliance

  • Creditable Withholding Tax Certificates (BIR Form 2307)
  • Certificate of Final Tax Withheld at Source (BIR Form 2306)
  • Monthly and Annual Returns
  • Monthly Alphalist of Payees
  • Annual Alphalist of Payees
    • Penalties on Withholding tax violations

Testimonial on our past seminar :

 

“Very well organized and the designation of work for the staff are perfectly uniformed. Atty. Gargoles is very practical and knowledgeable. Thank you for sharing.”

- Neil Lanquino

“Sample cases discussed to fully explain the regulations. The seminar was well organized. Atty. Gargoles explained well the important rulings that could we could apply in case of tax assessments.”

- Ma. Fe Nuqui

“Excellent learning experience. The speaker has updated most knowledge/ experience shows concern for taxpayers. Many tips were gained. Please continue organizing these seminars for updating. Maintain Atty. Gargoles as speaker. (for me he is the best speaker on taxation that I encountered.)

-Teresita L. Ngan Tian

Register now! Supersaver rate: Register 5 participants and get 1 slot FREE

Regular Rate: Php 3,000.00 per person 
Early Bird Rate: 10% Discount if payment received seven (7) days before the seminar date. 
The fee includes training handouts, certificate of attendance, snacks, and lunch.

 

 

  

 

Venue :

Multipurpose Hall

WSI Corporate Center 
1005 Metropolitan Avenue 
Makati City, Philippines 1205

Date :  September 14,2015

Time:  9:00 am to 4:00 pm

 

 

 

 

RESOURCE SPEAKER :

ATTY. NELSON S. GARGOLES, CPA

Founder-Gargoles Law Office

Former Tax Senior Manager- Punongbayan & Araullo

Former BIR Examiner for 15 years

http://www.nsglawoffice.com

 

 

 

 

FOR MORE INFORMATION :

Please contact:

Ms. Mary Jane “Jheng” Toledo

Telephone No. 4752790

Mobile No. 0906 4232572

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

 
 
 

All Dates

  • 2015-09-14 00:00

List of Participants

Myra MercurioMyra Mercurio (3)
2015-09-14 - 00:00

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What People Are Saying

 

According to Wenona Rodriguez, Senior Tax Analyst at Cypress Semiconductor Corporation, "The speaker was able to answer questions other speakers cannot. I never heard of him saying, It's a gray area."
 
"The speaker delivers every topic in a detailed and easily understandable manner. He is open to questions from the participants and answers them knowledgeably," says Carmi Amor Naga, Finance Associate, Converga Asia Inc.
 
"The trainer was able to inject sensible humor to technical topics." - added Ivy Tayag, HR Officer, Kambi Philippines Inc.