All About Payroll

I. The Withholding Tax System in the Philippines

    1. Nature and definition of withholding taxes
    2. Kinds of withholding taxes

II. Withholding agents

    1. Who are withholding agents?
    2. Different functions and responsibilities of withholding agents

III. Payroll Accounting

    1. Monthly-paid employees vs Daily-paid employees
    2. Labor Code rules on Regular Holiday and Special Non-Working Day
    3. Rules on Employee Benefits from:

        a) Social Security System
        b) Employee Compensation
        c) PhilHealth
        d) Pag-IBIG Fund

    4. Employee Payroll deduction and Employer Payroll Expense
    5. Components of the Payroll System
    6. Sample computation/illustration

IV. Withholding Tax on Compensation

    1. What to consider in computing withholding tax on compensation,

 such as:

        a) Gross compensation income
        b) Non-taxable compensation income
        c) Exclusions from gross income
        d) Allowable deductions
        e) Payroll period
        f) Withholding Tax Table

    2. Annualized withholding tax and year-end adjustments

    3. De Minimis Benefits

    4. Fringe Benefit

V. Substituted Filing of Income Tax Return

    1. Who are covered
    2. Issuance of Certificate of Income and Tax Withheld on Compensation

        (BIR Form 2316)
    3. Uses of BIR Form 2316

VI. Creditable / Expanded Withholding Tax

VII. Final Withholding Tax

VIII.Filing and Payment of Withholding Taxes

    1. When are withholding taxes paid?
    2. Where should withholding taxes be filed?
    3. What is Constructive payment?

IX. Definition of SAWT and MAP

    1. Uses and forms
    2. Rules on submission of Alpha-list
    3. Prohibition on the Use of One Single Amount such as Various Employees,    

Various Payees, PCD Nominees, Others, etc.

X. Modes of Submission of Alphalist of Employees and Payees

    1. eFPS
    2. eSubmission
    3. eMail

XI. Consequences when Alpha-list does not conform with BIR Format

XII.Applicable Penalties for non-compliance

    1. Civil Penalties
    2. Criminal Penalties

Atty Judy Regalario

For More Details / Inquiry / Reservation, Please call us

(Inclusive of seminar kit, certificates and am snacks, lunch and pm snacks)

Early Bird Rate                 Regular Rate

Php 4,395 + VAT                     Php 4,995 + VAT

(Until January 20)                         (starting January 21)

Group Rate

Php 3,995 + VAT

per pax

(5 pax or more)

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BANCO DE ORO (BDO)

Account Name: Powermax Consulting Group Inc.

    Account Number: 4950214023

BANK OF THE PHILIPPINE ISLANDS (BPI)

Account Name: Powermax Consulting Group Inc.

Account Number: 4021-0138-68

Branch: Robinsons Equitable Tower Ortigas

Please fax a copy of the validated deposit slip with your company details to 470-1055 or email a scanned copy to info@powermaxph.com. Official Receipts are to be given on the day of the seminar.

“We Accept All Major Credit Cards.”

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