Reference No.: OMSC-Form-COL-13 Effectivity Date: March 01, 2024 Revision No.

03

Republic of the Philippines

OCCIDENTAL MINDORO STATE COLLEGE
Labangan, San Jose, Occidental Mindoro
Website: www.omsc.edu.ph Email address: omsc_9747@yahoo.com
Tele/Fax: (043) 491-1460

College of Business, Administration, and Management

Main Campus

BACHELOR OF SCIENCE IN BUSINESS ADMINISTRATION

MAJOR IN FINANCIAL MANAGEMENT

OBE COURSE SYLLABUS

2st Semester, A.Y. 2024-2025

OMSC VISION
A premier higher education institution that develops locally responsive, globally competitive, innovative professionals and life-long learners.
OMSC MISSION
OMSC is committed to produce intellectual and human capital by developing excellent graduates through outcomes-based instruction, relevant research, responsive
technical advisory services, community engagement, and sustainable production.
COLLEGE GOAL
The College of Business, Administration, and Management aims to build a pool of virtuous human capital and top-tier professionals in accountancy business, office, and
public administration equipped with strong research, extension, and academic competencies.

COURSE TITLE: Taxation (Income Taxation)

COURSE DESCRIPTION:
This course introduces the general principles of taxation and statutory provisions of income taxation including pertinent revenue regulations. The main topics that will be
covered include: the general principles of taxation, sources of revenue and its subtopics, determining income from employment income, income from business, income
from property, deductions from business and property income, capital gains and losses, other income and deductions, computation of taxable income, and tax
administration.
COURSE CODE: BCO04
CREDIT UNITS: 3 units
PREREQUISITES: NONE

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Reference No.: OMSC-Form-COL-13 Effectivity Date: March 01, 2024 Revision No.03

PROGRAM GOAL:
1. Assume supervisory and/or managerial responsibilities within their organization.
2. Pursue graduate studies in business and management.
3. Manage a business.

PROGRAM OUTCOMES:

Common to all programs:

d. Act in recognition of professional, social, and ethical responsibility.

Common to business education and management:

h. Select the proper decision making tools to critically, analytically and creatively solve problems and drive results.

Specific to BSBA Financial Management

o. Analyze the business environment for strategic direction.
p. Prepare operational plans.
q. Innovate business ideas in emerging industry.
r. Manage a strategic business unit for economic sustainability.
COURSE OUTCOMES:

CO1: Resolve business issues and problems with a global and strategic perspective using their knowledge and technical proficiency in the areas of financial accounting
and reporting, cost accounting and management, management accounting and control, taxation, and accounting information system;
CO2: Conduct Accounting Information System research through independent studies of relevant literature and appropriate use of accounting theories and
methodologies;
CO3: Employ technology as a business tool in capturing financial and non-financial information, generating reports and making decisions;
CO4: Apply knowledge and skills that will enable them to successfully respond to various types of assessments; and
CO5: Confidently maintain a commitment to good corporate citizenship, social responsibility and ethical practice in performing functions as an accountant.
COURSE OUTLINE
Week Desired Learning Outcomes Course Content Textbooks/ Teaching/Learning Resource Assessment
References Activities Materials

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Reference No.: OMSC-Form-COL-13 Effectivity Date: March 01, 2024 Revision No.03

1. Establish a clear view of what 1. VMGO  Students’  Face-to- VMGO of  Recitation/

is expected of an OMSCian 2. Cybercrime handbook face the Video
1 graduates and their attributes Awareness (RA  RA 10175 Discussion college conferencing
(30 minutes) 2.Prepare students of what is 10175) (Cybercrim Laptop
expected to do in class and the e PowerPoint
course requirement Awareness) presentatio
n
Smart TV

CO1: Resolve business issues and problems with a global and strategic perspective using their knowledge and technical proficiency in the areas of financial
accounting and reporting, cost accounting and management, management accounting and control, taxation, and accounting information system;
1. Discuss taxation and its 3. General Principles of Ampongan,  Face-to-  Laptop Assessment 1
scope and legislative power Taxation Omar G. (2018). face  Power  Quiz on the
2. Discuss the theory and basis • Introduction to Reviewer in Discussion Point topic
of taxation Taxation Taxation.  Group present Assessment 2
3. Explain the double taxation • Scope and Conanan research ation  Group report
4. Discuss the forms of escape Legislative Power Educational and online  Smart (video
from taxation and the basic to Tax Supply. 2019 video TV conferencing)
principles regarding tax • Theory and Basis of C.M. Recto, presentatio  Textboo Assessment 3
exemption Taxation Manila. n on k  Student to
5. Discuss the tax amnesty act • Purpose of particular  Instruct submit a
6. Elaborate the inherent and Taxation Ballada, Win. & topic ional journal on
constitutional limitations of • Characteristics of Ballada, Susan. Materia their
taxation the Power to Tax (2018). Income l learning
3. Discuss the stages of taxation • Principles of a Taxation Made  Modu relating to
Sound Tax Easy. Suite 203 le the topic
1-4 System KB Arizona
(11.5 hours) • The Power to Tax is Tower, 838
the Power to Padre campa St.,
Destroy Sampaloc,
• Double Taxation Manila:

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Reference No.: OMSC-Form-COL-13 Effectivity Date: March 01, 2024 Revision No.03

• Forms of Escape DomDane

from Taxation Publishers
• Basic Principles
Regarding Tax  AMV,
Exemption College of
• Grounds for Tax Accountanc
Exemption y,
• Tax Amnesty Act University
• Tax Amnesty on of Santo
Delinquencies Tomas
• Construction and
Interpretation of
Tax Laws
• Taxation and the
4. Other Inherent Powers
• Tax and Its
Essential
Characteristics
• Classification of
Taxes
• Inherent
Limitation
s
• Constitutional
Limitations
Stages of Taxation
CO2: Conduct Accounting Information System research through independent studies of relevant literature and appropriate use of accounting theories and
methodologies;

1. Define and discuss taxation 5. Income Taxation on Ampongan,  Face-to-  Laptop Assessment 1
2. Discuss the rules on situs Individuals Omar G. (2018). face  Power  Assignment

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Reference No.: OMSC-Form-COL-13 Effectivity Date: March 01, 2024 Revision No.03

and the sources of income • Introduction to Reviewer in Discussion Point related

for individual tax payers Income Tax and Taxation.  Group presen Income
3. Compute for the allowable Its Definition Conanan research tation Taxation on
deductions for individual • Rules on Situs Educational and online  Smart Individuals
taxpayers • Tax on Supply. 2019 video TV
4. Identify the passive income Individuals C.M. Recto, presentatio  Textboo Assessment 2
5. Discuss the gains from and Its Manila. n on k • Group
5-8 disposition of assets Classification particular  Instruc activities
(10.5 hours) 6. Discuss fringe benefits • Sources of Ballada, Win. & topic tional related on
7. Prepare the income tax Income for Ballada, Susan. Materi Basic Format
returns for individuals Individual (2018). Income al of
Taxpayers Taxation Made  Module Computations
• Allowable Easy. Suite 203
Deductions for KB Arizona
Individual Tower, 838
Taxpayers Padre campa St.,
• Basic Format of Sampaloc,
Computations Manila:
• Income Tax Rates DomDane
• Passive Income Publishers
6. Gains from
Disposition of Assets
• Fringe Benefits AMV, College
• Items Exempt from of Accountancy,
Withholding Tax on University of
Compensation/Fring Santo Tomas
e Benefits Tax
• Withholding Tax
System
• Filing of Returns
for Individuals

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Reference No.: OMSC-Form-COL-13 Effectivity Date: March 01, 2024 Revision No.03

MID-TERM EXAMINATION (1.5 Hours)

CO3: Employ technology as a business tool in capturing financial and non-financial information, generating reports and making decisions;
1. Discuss income tax on 5. Income Taxation on Ampongan,  Face-to-  Laptop Assessment 1
corporation Corporations Omar G. (2018). face  Power  Problem
2. Discuss the different 5.1 Introduction to Reviewer in Discussion Point Solving
classification of Income Tax on Taxation.  Group present related on
corporations Corporation Conanan research ation Income
3. Identify the tax base and tax 5.2 Classification of Educational and online  Smart Taxation on
rates used in computing the Corporations Supply. 2019 video TV Corporations
income tax on corporations 5.3 Tax Base C.M. Recto, presentatio  Textboo Assessment 2
4. Compute for the minimum 5.4 Tax Rates Manila. n on k  Case problems
9-12 corporate income tax 5.5 Minimum Corporate particular  Instruct related on
(12 hours) (MCIT) Income Tax (MCIT) Ballada, Win. & topic ional Minimum
5. Dicuss the optional (Sec. 27 [E]) Ballada, Susan. Materia Corporate
corporate income tax (gross 5.6 Improperly (2018). Income l Income Tax
income tax) Accumulated Earnings Taxation Made  Module (MCIT)
6. Discuss the special Tax (Sec. 29) Easy. Suite 203 Assessment 3
corporations 5.7 Optional Corporate KB Arizona Quiz on Tax Rates
7. Discuss the tax-exempt Income Tax (Gross Tower, 838 Assessment 4
transactions Income Tax) Padre campa St.,  Activity related
5.8 Special Corporations Sampaloc, on Tax Exempt
7. Tax Exempt Manila: Corporations r.
Corporations DomDane Assessment 5
Publishers Activity related on
Special
AMV, College Corporations
of Accountancy, Assessment 6
University of Quiz on
Santo Tomas Improperly
Accumulated

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Reference No.: OMSC-Form-COL-13 Effectivity Date: March 01, 2024 Revision No.03

Earnings Tax
(Sec. 29)

CO4: Apply knowledge and skills that will enable them to successfully respond to various types of assessments; and
1. Discuss income tax 6. Deductions Ampongan,  Face-to-  Laptop Assessment 1
deductions 6.1 Deductions Omar G. (2018). face  Power  Quiz on the
2. Discuss and compute for the Definition Reviewer in Discussion Point topic
optional standard deductions 6.2 Optional Standard Taxation.  Group present Assessment 2
3. Discuss and compute for the Deductions Conanan research ation  Group report
itemized deductions 6.3 Itemized Deductions Educational and online  Smart (video
7. Elaborate the kinds of 6. Kinds of Itemized Supply. 2019 video TV conferencing)
itemized deductions Deductions and C.M. Recto, presentatio  Textboo Assessment 3
and specific rules Specific Rules Manila. n on k  Student to
particular  Instruct submit a
Ballada, Win. & topic ional journal on
Ballada, Susan. Materia their learning
13-15
(2018). Income l relating to the
(9 hours)
Taxation Made  Module topic
Easy. Suite 203
KB Arizona
Tower, 838
Padre campa St.,
Sampaloc,
Manila:
DomDane
Publishers

AMV, College
of Accountancy,
University of
Santo Tomas

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Reference No.: OMSC-Form-COL-13 Effectivity Date: March 01, 2024 Revision No.03

CO5: Confidently maintain a commitment to good corporate citizenship, social responsibility and ethical practice in performing functions as an accountant.
1. Discuss and compute the 7. Income Tax on Estates, Ampongan,  Face-to-  Laptop Assessment 1
16-18 income tax of the estates Trusts, Partnerships, Omar G. (2018). face  Power  Problem
(7.5 hours) 2. Discuss and compute the Joint Ventures, and Reviewer in Discussion Point Solving related
income tax of the trusts Co-Ownerships Taxation.  Group present on Income Tax
3. Discuss and compute the 7.1 Taxability of Estates Conanan research ation on Estates,
income tax of the 7.2 Taxability of Trusts Educational and online  Smart Trusts,
partnerships and partners 7.3 Taxability of Supply. 2019 video TV Partnerships,
4. Discuss and compute the Partnerships and C.M. Recto, presentatio  Textboo Joint Ventures,
income tax of the joint Partners Manila. n on k and Co-
ventures 7.4 Taxability of Joint particular  Instruct Ownerships
8. Discuss and compute Ventures Ballada, Win. & topic ional
the income tax of the 7. Taxability of Co- Ballada, Susan. Materia Assessment 2
co- ownerships Ownerships (2018). Income l  Case problems
Taxation Made  Module related on
Easy. Suite 203 Taxability of
KB Arizona Estates
Tower, 838
Padre campa St., Assessment 3
Sampaloc,  Quiz on
Manila: Taxability of
DomDane Trusts
Publishers Assessment 4
 Activity
AMV, College related
of Accountancy, on
University of Taxabili
Santo Tomas ty of
Partners
hips and
Partners

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Reference No.: OMSC-Form-COL-13 Effectivity Date: March 01, 2024 Revision No.03

Assessment 5
 Activity
related on
Taxability
of Joint
Ventures.
Assessment 6
 Quiz on
Taxability of
Co-
Ownerships

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Reference No.: OMSC-Form-COL-13 Effectivity Date: March 01, 2024 Revision No.03

FINAL EXAMINATION (1.5 Hours)

SUGGESTED ADDITIONAL LEARNING RESOURCES:

Banggawan, Rex B. (2019). Income Taxation. Laws, Rules, and Applications. Real Excellence. 0248 C1 Epifanio de los Santos Avenue, Pasay Default
Barangay, Pasay City
De Leon, Hector S. & De Leon, Jr., Hector M. (2018) The Law on Income Taxation. Rex Bookstore. 856 Nicanor Reyes, Sr. St., 1977 CM Recto, Manila,
Philippines
Valencia, Edwin G. & Roxas, Gregorio F. (2013). Income Taxation. Valencia Educational Supply.

Remotexs:
Benita, T. (2020), Accounting for Management. https://tdmebooks-com.library.omsc.edu.ph/book-detail.php?book_id=NjgzNw==
Benjamin, T. (2020), Accounting Management. https://tdmebooks-com.library.omsc.edu.ph/book-detail.php?book_id=NjMzMA==
Surbhi, J. (2023), The Fundamentals of business process management. https://portal-igpublish-com.library.omsc.edu.ph/iglibrary/reader/ARCLER0001322/1
Pardillo, J. (2023), Comprehensive guide to business risk management. https://portal-igpublish-com.library.omsc.edu.ph/iglibrary/reader/ARCLER0001218/1
Carr, T. (2020), Strategic Decisions. https://tdmebooks-com.library.omsc.edu.ph/book-reading.php?book_id=NjY1Nw==

COURSE REQUIREMENTS
1. Complete submission of output.
2. Written examination

Class Standing =50%

Mid-Term/Final Examination =40%
Project =10%
GRADING SYSTEM
100%

*Final Rating = Midterm (40%) + Final Term (60%)

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Reference No.: OMSC-Form-COL-13 Effectivity Date: March 01, 2024 Revision No.03

Class Meeting and Dismissal of Classes College Code Revision 01- April 26, 2021 (page 8)
 Classes should be dismissed at least five minutes before the end of each period to allow students to move
and transfer to their next class.
Attendance College Code Revision 01- April 26, 2021 (page 9)
 A student is allowed a maximum of absences, which is equivalent to 10% only of the entire number of
hours for the particular subject within a semester.
 Absences incurred beyond the allowed number of hours before midterm, the student will be automatically
dropped. If after midterm, a failed grade will be given.
Incomplete Grade College Code Revision 01- April 26, 2021 (page 15)
 Student who has incurred a grade of incomplete on a particular subject due to failure to take the
examination or its equivalent is given two semesters to comply with requirements of the subject.
COURSE POLICIES  Failure to comply with the requirements of the subject will mean a failure grade in the subject concerned.
 A grade incomplete is given to the students whose class standing throughout the semester is passing but
fails to take the final examination.
 Incomplete Grade not completed within two (2) consecutive semesters or one (1) school year shall become
failing grade.
Dropping of Subjects/Courses College Code Revision 01- April 26, 2021 (page 18)
 A student who intends to drop any subject enrolled for a particular semester, may do so provided that the
official dropping of the subjects is made before the Midterm or the second rating period of the semester.
 Unauthorized dropping may result to a “Failed” grade in the subject concerned.
 If a student intends to drop three (3) or more or all of the subjects enrolled, a parental consent is needed
before the student is allowed to drop his/her subjects. If the student fails to report to class, it may result to
grade of “failed” in the subjects concerned.

Noted: Approved:
Prepared by:

LIEZEL C. GARCIA, PhD NORMA B. MUYOT, ChE, EdD

Program Chair Vice President for Academic Affairs

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Reference No.: OMSC-Form-COL-13 Effectivity Date: March 01, 2024 Revision No.03

MARK A. DELA CRUZ, CPA __________________

Professional Lecturer Date __________________
Date
__________________ Recommending Approval:
Date

WENCESLAO M. PAGUIA, JR., PhD

Dean, College of Business, Administration, and
Management

__________________
Date

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