Voluntary Assessment and Payment Program for Taxable Year 2018

This program covers all internal revenue taxes due for the taxable year ending December 31, 2018, and for fiscal year 2018 ending on the last day of July 2018 to June 2019.

Instructor: Atty Ma. Judy Regalario, CPA Date Created: Oct 18, 2020

Price: ₱ 1900.00

This course includes:


one year reviewable
content

certificate of completion

Description

Voluntary Assessment and Payment Program (VAPP) for taxable year 2018

The Bureau of Internal Revenue (BIR) issued Revenue Regulations 21-2020 on 4 September 2020 which prescribe the guidelines in implementing Voluntary Assessment and Payment Program. 

The VAPP allows taxpayers to voluntarily pay their unpaid internal revenue tax liabilities–with or without an ongoing audit of or investigation into their finances– and those who do so will no longer be audited or investigated for 2018 for the tax types availed.

This program covers all internal revenue taxes due for the taxable year ending December 31, 2018, and for fiscal year 2018 ending on the last day of July 2018 to June 2019.

What you'll learn

Privilege of 'no audit' for 2018 Taxes
Who can avail and how to avail

Course Content

Part 1
  • Introduction
  • Outline
  • Background
  • Coverage
  • Who are Covered
  • Who are Not Covered
  • Period of Availment
  • Mandatory Requirements
  • BIR Form No. 2119 / No. 0622
  • Additional Requirements
Part 2
  • Procedure for Availment
  • Certificate of Availment
  • Consequence of Non-Submission/Treatment of Invalid Availment
  • Amounts to be Paid (Sec 9.a RR 21-2020)
  • Illustration 1
  • Illustration 2
  • Amounts to be Paid (Sec 9.b RR 21-2020) with Illustration
  • Amounts to be Paid (Sec 9.c RR 21-2020) with Illustration
  • Privilege under VAPP
  • Failure to File a Return/Cash Refund of Credit/Non-Admission of Fraud/Effectivity Date

Instructor

Atty Ma. Judy Regalario, CPA

Former BIR OIC- Head Revenue Executive Assistant, Former BIR Collection Division Chief, Former BIR Examiner

PROFILE A meticulous and result-oriented professional with strong financial and legal background.Specializes in Philippine Taxation and studied the Japanese Tax System. Team player with multi-tasking skills and adept at working independently with minimal supervision, even under time constraints. Self-motivated and adaptable to change. Articulate communicator in English and Filipino, both written and oral, and Visayan dialect. Technically proficient in Microsoft Word, Excel, and Mac OS. Good listener and can identify problem areas and suggest innovative solutions.   PROFESSIONAL EXPERIENCE IN THE PRIVATE SECTOR MJCR Tax Consultancy (2014 - to date) Accounting Instructor V (School Year 2011-2012, 1st and 2nd Semester) School of Business Management, Department of Accountancy Xavier University, Ateneo de Cagayan Cagayan de Oro City Legal Researcher (1995-1996) CRC Law Firm Greenhills, San Juan, Metro Manila IN THE GOVERNMENT SECTOR OIC-Head Revenue Executive Assistant {HREA} (September 2, 2009 to December 28, 2009)Collection ServiceBureau of Internal Revenue Division Chief (July 23, 2007 to September 2, 2009)Collection Programs DivisionBureau of Internal Revenue Assistant Division Chief (May 8, 2006 to July 23, 2007)Large Taxpayers Field Operations DivisionBureau of Internal Revenue Officer In Charge/Assistant Division Chief (June 13, 2005 to May 8, 2006) Large Taxpayers District Office - CebuBureau of Internal Revenue Assistant Division Chief (December 12, 2003 to June 13, 2005) Large Taxpayers Assistance Division II - Excise Bureau of Internal Revenue Technical Assistant (June 1, 2003 to December 12, 2003) Office of the Deputy Commissioner Large Taxpayers Service Bureau of Internal Revenue Technical Assistant (April 1, 1998 to June 1, 2003) Office of the Deputy Commissioner Bureau of Internal Revenue Revenue Officer I (Examiner) (June 19, 1996 to April 1, 1998)Revenue District Office No. 33 – Ermita-Intramuros-MalateBureau of Internal Revenue     EDUCATION Master of Economics (in the field of International Economics – Public Policy and Taxation), Yokohama National University, Yokohama, Japan, March 2002 under a 2-year Full Scholarship under the Joint Japan/World Bank Graduate Scholarship Program (JJ/WGSP), 2000-2002.  Bachelor of Laws, Xavier University, Ateneo de Cagayan, Cagayan de Oro, Philippines, March 1994. Bachelor of Science in Business Administration (BSBA) major in Accounting, University of the East, Manila, Philippines, May 1987. PROFESSIONAL QUALIFICATIONS Philippine Bar Examination, Manila, Philippines, September 1998, License Number 44165. Certified Public Accountants (CPA) Licensure Examination, Manila, Philippines, May, 1988, License Number 0078261. PROFESSIONAL MEMBERSHIP Integrated Bar of the Philippines (IBP), Lifetime Member No. 010037 Philippine Institute of Certified Public Accountants (PICPA), Member Federacion International de Abogadas (FIDA), Member Institute of Public Accountants (IPA), Australia, Former Member

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