Please note that for the 2-week period from March 2 to March 15, we will not be generating certificates for this module.  You can generate the certificates anytime before March 2 or starting March 16 onward.  

COURSE DESCRIPTION: A knowledge and competency oriented course designed to allow CPAs in education, public practice and government as well as entrepreneurs to recognize and apply the updated TRAIN rulings vis-a-vis the tax advisories on Value Added Tax (VAT) and withholding taxes.  The instructional system of the course focuses on the discussions in the light of new revenue laws and regulations, incorporating new issues germane to a tax rule under discussion.  Illustrative problems were also provided for better understanding of the theories presented.  The participant is expected to demonstrate competence in applying the TRAIN law with the Revenue Regulation as its implementing guideline.


ENTRY COMPETENCIES of Participants (Prerequisites): No technical prerequisites

Course Curriculum

  • 1

    Presentation Materials

    • Presentation Materials/Handouts

    • RA-10963
  • 2

    Outline of Session 1

    • 1 - SESSION 1 - Outline
  • 3

    Mission, Vision and Goals of TRAIN

    • Vision-Mission Statement

    • Goal of TRAIN/Branches of the Government

  • 4

    Taxes as Source of Government Revenue

    • DOF and BIR

    • Government Revenues

    • Tax Revenues and Tax Laws

  • 5

    Review of Session 1

    • SESSION 1 - Review
  • 6

    Outline of Session 2

    • SESSION 2 - Outline
  • 7

    Definition of Business, Taxes, Gross Receipts

    • Business and Taxes

    • VAT Comparison and Gross Receipts

  • 8

    Comparison Between Old Law and TRAIN Law

    • VAT Threshhold

    • Sale of Real Property

    • Zero-Rated Sale of Services

    • Vat Exemptions

    • Return and Payment, Withholding, Due Dates

    • Basis of VAT and Actual Case

    • Output VAT

    • Input VAT

    • Input VAT on Capital Goods

    • Withholding Taxes
  • 9

    Review of Session 2 and Conclusion

    • Review and Conclusion
  • 10

    Quiz

    • Train on VAT Quiz
  • 11

    Evaluation Form

    • Evaluation Form and Attendance Sheet (as required under PRC Resolution no. 1244 Series of 2020)
  • 12

    Generate Certificate

    • Generate Certificate

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