LIMITLESS POWER COACH
  • Home
    • About Power Coach >
      • GALLERY >
        • Photos
        • CSR (Corporate Social Responsibility))
  • Services
    • Public Training
    • Online Training / Webinars >
      • Digital Products
    • Knowledge Enhancer
    • In-House Training & Workshops
  • Contact Us
  • Clients
  • Accounting & Taxation
  • >
  • Employee’s Withholding and Fringe Benefits Tax

Employee’s Withholding and Fringe Benefits Tax

SKU:
PHP2,700.00
2500 3000 PHP2,500.00 - PHP3,000.00
Unavailable
per item

About the Training/Workshop


Overview

In the operation of withholding tax system on compensation, the withholding agent is the employer. Fringe Benefits Tax is also imposed on the fringe benefit furnished, granted or paid by the employer to the employee, except rank and file employees. The BIR requires the employer as withholding agent to remit the proper withholding taxes on compensation or fringe benefits; otherwise, deficiency taxes and penalties may arise.


De Minimis Benefits are included so that the taxpayer will know the tax-exempt benefits of the employees.


Knowledge of the tax laws, rules, and regulations on the taxation of employee’s compensation and fringe benefits are significant so that the company may balance its role as an employer and as a withholding agent.


Objectives

• To know the procedure in employee’s registration and updates with the BIR

• To know the component or composition of Gross Compensation

• To learn about the De Minimis Benefits

• To know the Personal Exemptions of Employees

• To know the rules of Fringe Benefits Tax

• To know the manner, procedure and filing of tax returns and information with regards to Withholding tax on wages and Fringe Benefits Tax

Who Should Participate• Business Owners (Single Proprietor or Stockholders)

• Business Managers and other employees in charge of the Payroll

• Accountants (Whether employee or practitioner)

• Others who want to know about Withholding Tax on Wages and Fringe Benefits Tax


Key Topics

I. Taxation of employees


II. Registration Process of Employee

a. Securing TIN

b. Place of Filing


III. Registration Updates


IV. Gross Compensation

a. Compensation Income

b. Fixed or Variable Allowances

c. Substantiation Requirements

d. Pre-computed allowances

e. Tips

f. Stock Options

g. Backwages

h. Exclusion from Gross Income


V. De Minimis Benefits

a. General Rule

b. Types of De Minimis Benefits

c. General Rules on the grant of De Minimis Benefits

d. Benefits previously considered as De Minimis Benefits

e. Maternity Benefits

f. Rule on Taxation of De Minimis Benefits


VI. Personal and Additional Exemptions

a. Qualified Dependent

b. Rules on claiming additional exemption

c. Waiver of Right

d. Foster Child

e. Premium Payments

f. Change of Status


VII. Person responsible to withhold

a. Obligation of Employer


VIII. Time of Withholding


IX. Calculating Withholding Tax


X. Annualization of Withholding tax on Employees


XI. BIR Form 1601C


XII. BIR Form 1604CF


XIII. BIR Form 2316


XIV. Withholding Tax Violations


XV. Fringe Benefits Tax

a. Managerial/Supervisory vs. Rank and File Employees

b. FBT Rate

c. FBT Base

d. Coverage

e. Non-taxable fringe benefits

f. Rules on valuation of fringe benefits

g. Specific Rules on Valuation

• Housing Privilege

• Motor Vehicle

• Foreign Travel

• Expense Account

• Educational Assistance

• Life or health insurance and other non-life insurance premiums

• Other benefits

h. Filing of FBT return


----------------------------------------------------------------------------

Click here to -> CHECK SCHEDULE


TIME: 9:00 AM to 4:00 PM

VENUE: Unit 2 2/F Intellect Bldg. MacArthur Highway, Brgy. San Sebastian, Tarlac City, Tarlac

----------------------------------------------------------------------------

Click here to -> DOWNLOAD MANUAL REGISTRATION

OR

Click here to -> REGISTER ONLINE

----------------------------------------------------------------------------

Contact Details:

Contact Numbers: (045) 923.1751 or text/call 0920.959.4020 or 0949.993.9043

For inquiries, you may also leave a message in our CONTACT FORM.

  • Facebook
  • Twitter
  • Pinterest
  • Google+
Buy Now
Limitless Power Coach
​Copyright © 2016
  • Home
    • About Power Coach >
      • GALLERY >
        • Photos
        • CSR (Corporate Social Responsibility))
  • Services
    • Public Training
    • Online Training / Webinars >
      • Digital Products
    • Knowledge Enhancer
    • In-House Training & Workshops
  • Contact Us
  • Clients