THE CPA LICENSURE EXAMINATION SYLLABUS
(You may also check the Syllabus for the Bar Examination)
1.0 Principles of Taxation
1.5 Double taxation1.7 Impact of taxes in nation building1.8 Ethical tax compliance and administration1.9 Organization and functions of the Bureau of Internal Revenue, Local Government Tax Collecting Units, Board of Investments, Philippine Economic Zone Authority and the Bases Conversion and Development Authority
2.0 Tax Remedies
2.1 Tax remedies of the government
3.0 Income Taxation
3.2 Gross income3.4 Accounting periods3.6 Tax due and determine tax credits, if applicable3.7 Tax return preparation and filing and tax payments3.8 Withholding taxes (at source, expanded or creditable withholding tax, final withholding taxes and withholding tax on government payments)3.9 Compliance requirements3.10 Specific provisions of other special laws relating to income taxation
3.10.1 Senior Citizen’s Law (RA 7432)3.10.2. Magna Carta for Disabled Persons (RA 7277)3.10.3. Barangay Micro Business Enterprises (BMBEs) Act (RA 9178)
3.11 Differences between tax rules and accounting rules (e.g., PFRS or other frameworks)
3.11.1 The differences between tax rules and accounting rule3.11.2. Accounting income to taxable income
3.12 Tax implications of transactions applying the tax rules and regulations, and sound tax planning strategies within legal and ethical bounds to efficiently manage tax liabilities
4.0 Transfer Taxes
4.1 Estate tax
4.1.1 Principles, concepts involving donor’s taxation4.1.2 Transfers which may be considered a donation4.1.3 Classification of donors4.1.4 Net gifts/donations4.1.5 Tax due and tax credits, if applicable4.1.6 Tax return preparation and filing and tax payments4.1.7 Compliance requirements4.1.8 Tax implications of transactions applying the tax rules and regulations, and sound tax planning strategies within legal and ethical bounds to efficiently manage tax liabilities
4.2 Donor’s tax
4.2.1 Principles, concepts involving donor’s taxation4.2.2 Transfers which may be considered a donation4.2.3 Classification of donors4.2.4 Net gifts/donations4.2.5 Tax due and tax credits, if applicable4.2.6 Tax return preparation and filing and tax payments4.2.7 Compliance requirements4.2.8 Tax implications of transactions applying the tax rules and regulations, and sound tax planning strategies within legal and ethical bounds to efficiently manage tax liabilities
5.0 Business Taxes
5.1 Value-added tax
5.1.1 Nature and characteristics of value-added tax5.1.2 Persons subject to value-added tax5.1.3 Transactions subject to 12%, 0% and withholding VAT and/or exempt from value-added tax5.1.4 Sources of input tax5.1.5 Value-added tax payable or excess input tax credits and tax credits, if applicable5.1.6 Process for claiming input VAT refund5.1.7 Tax return preparation and filing and tax payments5.1.8 Compliance requirements5.1.9 Tax implications of transactions applying the tax rules and regulations, and sound tax planning strategies within legal and ethical bounds to efficiently manage tax liabilities
5.2 Percentage tax
5.2.1 Nature and characteristics of percentage tax5.2.2 Persons subject to percentage tax5.2.3 Transactions subject to and/or exempt from percentage tax5.2.4 Percentage tax due, and tax credits, if applicable5.2.5 Tax return preparation and filing and tax payments5.2.6 Determine compliance requirements5.2.7 Tax implications of transactions applying the tax rules and regulations, and sound tax planning strategies within legal and ethical bounds to efficiently manage tax liabilities
5.3 Specific provisions of other special laws relating to business taxation
5.3.1 Senior Citizen’s Law (RA 7432)5.3.2 Magna Carta for Disabled Persons (RA 7277)
6.0 Documentary Stamp Tax
6.1 Nature and characteristics of documentary stamp tax6.2 Transactions subject to and/or exempt from documentary stamp tax6.3 Tax base and tax due6.4 Tax return preparation and filing and tax payments6.5 Compliance requirements6.6 Tax implications of transactions applying the tax rules and regulations, and sound tax planning strategies within legal and ethical bounds to efficiently manage tax liabilities
7.0 Excise Tax
7.1 Nature and characteristics of excise tax7.2 Transactions subject to and/or exempt from excise tax7.3 Tax base and tax due7.4 Tax return preparation and filing and tax payments7.5 Compliance requirements7.6 Tax implications of transactions applying the tax rules and regulations, and sound tax planning strategies within legal and ethical bounds to efficiently manage tax liabilities
8.0 Taxation Under the Local Government Code (Local Government Taxation and Real Property Taxation under the Local Government Code)
8.1 Fundamental principles, scope of taxing power of local government units (LGUs)8.2 Scope and different types of local taxes (limited to real property tax, local tax imposed by provinces, municipalities and cities, and barangays)8.3 Tax base and tax rates8.4 Venue and time of payment8.5 Remedies available to the government and the taxpayer8.6 Tax implications of transactions applying the tax rules and regulations, and sound tax planning strategies within legal and ethical bounds to efficiently manage tax liabilities
9.0 Preferential Taxation
9.1 Special Economic Zone Act for purposes of determining tax liabilities and tax incentives
9.1.1 Income tax (5% GIT, ITH incentives, regular income tax)9.1.2 Other tax incentives (VAT/OPT, excise tax, DST, local taxes)
9.2 Bases Conversion and Development Act (BCDA) for purposes of determining tax liabilities and tax incentives
9.2.1 Income tax (5% GIT, ITH incentives, regular income tax)9.2.2. Other tax incentives (VAT/OPT, excise tax, DST, local taxes)
9.3 Omnibus Investments Code for purposes of determining tax liabilities and tax incentives
9.3.1 Income tax (ITH incentives, regular income tax)9.3.2 Other tax incentives (VAT/OPT, excise tax, DST, local taxes)
9.4 Basic principles of tax treaty and specific provisions of Double Taxation Agreement (DTA) models (e.g. OECD Model Tax Convention, UN Model Double Taxation Convention and United States Model Income Tax Convention) in determining the tax implications of various income items of non-residents, such as:
9.4.1 Royalties9.4.2 Dividends9.4.3 Interests9.4.4 Capital gains9.4.5 Business profits and other income items
9.5 Tax implications of transactions applying the tax rules and regulations, and sound tax planning strategies within legal and ethical bounds to efficiently manage tax liabilities.