Event Phone: 09369673831
- January 27, 2018
1:30 pm - 4:30 pm
ARE YOU TAX-REFORM READY?
Are you ready to take on the TRAIN?
Last December 19 2017, the President signed into law Republic Act (“R.A.”) No. 10963, also known as the Tax Reform for Acceleration and Inclusion (“TRAIN”). This law has become effective starting January 1, after fulfilling the publication requirement.
As a Business Owner or Freelancer, it is immensely important to become familiar with these changes, so you can take advantage of its benefits, and avoid costly tax mistakes due to lack of knowledge or unclear information. With improper tax compliance, your business or profession can be subject to disastrous results. On the other end, when you are well-equipped with the knowledge in complying with these new tax rules, you have the power to maximize these laws for the benefit of your business!
Hence, in partnership with TAXUMO and TABCTF, here’s a seminar for MSMEs, Self-Employed Professionals and Freelancers, designed to provide you all you need to know about the Tax Reform for Acceleration & Inclusion (TRAIN) Act, so you can make the right choices and actions in complying with the new PH tax laws!
WHO SHOULD ATTEND:
Business owners and freelancers who would want to be educated on the specifics regarding TRAIN ( Tax Reform for Acceleration & Inclusion)
ABOUT THIS WORKSHOP:
This seminar aims to educate SMEs and Freelancers on the amendments made as contained in the “TRAIN”, and its relevance and potential benefits for businesses and self-employed individuals. Specifically, the workshop seeks to bring clarity to all the common questions regarding the tax reform, which includes the outlining the impact on individual income tax, value-added tax / percentage tax, excise tax on certain products and services, and the updated procedures for tax compliance. In effect, this knowledge will enable you to take advantage of the new benefits for tax payers,and save yourself from potential penalties, and costs dealing with tax assessment.
I. Overview of TRAIN:
A.Introduction to Republic Act (“R.A.”) No. 10963, also known as the Tax Reform for Acceleration and Inclusion Act (“TRAIN”)
B. What’s in it for MSMEs, Self-Employed and Freelancers?
II. Personal Tax : Adjustments on Personal Income Taxation (PIT)
A. Compensation Income Earners (CIEs)
B. Self-Employed and Professionals (SEPs)
III. Corporate Tax: Adjustments on Corporate Income Taxation
IV. Know your VAT: VAT Revisions
V. Excise Tax: Adjustments on Excise Taxation
C. Sugar Sweetened Beverages (SSBs)
VI. Estate & Donor’s Tax: Adjustments on Estate and Donor’s Taxation
VII. Passive Income Tax & Others: Revision of Passive Income Taxes and Other Taxes
VIII. How to Comply and the Penalties if You Don’t: Amendments to Compliance Requirements and Penalty Provisions
IX. Ask Away! – OPEN FORUM
VENUE: Unit 601, RCI Bldg., 105 Rada St. Legaspi Village., Makati
Maria Teresita L. Abanador, CPA
Meet Maria. She is is a CPA and currently a Tax Lecturer on different taxes covered by NIRC. She also has served as a Tax Auditor and Consultant for the past 17 years. Not to mention that she is the present Founding Director of Auditor ng Bayan and Tax Accountants Society, and Managing Director of TABC-SZ Bookkeeping & Consultancy Services Co. She is also a Trust Manager, Philippine Estate and Wealth Planning Office (PEWPO). But most of all, you can trust her to educate you in all you need to know about the most recent tax reform 😉