I. Income Tax Returns
A. Individuals, Estates and Trusts
B. Corporations
C. Partnerships, GPPs and Joint Ventures
II. Income Tax Rates
A. Individual Taxpayers
1. Graduated Income Tax Rates
2. 8% Income Tax on Gross Sales or Receipts
B. Corporations
III. Gross Income
IV. Exclusions from Gross Income
V. Deductible Expenses and supporting documents
A. Itemized Deductions
B. Optional Standard Deductions
VI. Minimum Corporate Income Tax (MCIT)
VII.Improperly Accumulated Earnings Tax (IAET)
VIII.Net Operating Loss Carry Over (NOLCO)
IX. Financial Statements (FS)
X. Statement of Management Responsibility
XI. Other Attachments required in the submission of ITRs
A. Quarterly ITRs
B. Withholding Tax Certificates
C. Certificate of Tax Exemptions
D. SAWT / QAP (formerly MAP)
E. Alphalist
F. Others
XII.Use of correct platform in filing Income Tax Return
A. Electronic Filing and Payment System (eFPS)
B. Electronic Bureau of Internal Revenue Forms (eBIRForms)
C. Manual Filing
XIII.Who are not required to file ITRs
XIV. Who are exempt from Income Tax
XV. Penalties



Php 3,995 + VAT
Until Feb 6

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


Php 4,695 + VAT
Until Feb 7 – 14

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


Php 5,295 + VAT
Starting Feb 15
Inclusive of seminar kit, certificates and am snacks, lunch and pm snacks


Php 4,295 + VAT
5 pax or more

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


  1. To avail of the EARLY BIRD DISCOUNT, payment should be made no more than five (5) days after registration.
  2. For the seminar fee to be refunded, cancellation should be made not less than four (4) days before the date of the workshop.
  3. Certificates will be given only to those who have actually attended the seminar. Those who register and pay but will not attend the workshop will be given handouts but not certificates.
  4. Powermax Consulting Group will take video footage and/or photos of the seminar which may or may not include your recognizable image. By participating in this event, you consent to your voice, name, image, and/or likeness being used without compensation, in any form or medium, as part of the recording of the event and for any other commercial purposes (including in advertising and promotional materials).
  5. The materials for this seminar are protected. Any form of audio, video or image recording of the seminar or PowerPoint slides used by the speaker is strictly prohibited.
  6. Only the handouts will be given by the speaker. He / she is not obliged to provide a copy of other training materials like the Powerpoint file.
  7. Companies / Organizations / Individuals with business(es) competitive with the businesses of Powermax Consulting Group (i.e., seminars, training, consultancy, and the like) are not allowed to register unless with written consent by the management of Powermax. Full disclosure of business line in registration is required. If anyone registers without full disclosure, and it is discovered that his business or one of his businesses is competitive with that of Powermax, his registration will be forfeited.
  8. The management of Powermax reserves the right to refuse entry or evict any person who breaches these terms and conditions or deemed to be intoxicated or disorderly or under the influence of drugs;
  9. The management of Powermax reserves the right to cancel or reschedule the event because of unforeseen circumstances, fortuitous events, or any other unfavorable situations or conditions;
  10. If the seminar is cancelled because of unusual or unforeseeable circumstances or force majeure, Powermax will either refund the seminar fees paid by the participants / participating companies (but not the incidental costs such as transportation, plane tickets, hotel accommodation, per diem, and the like) or roll over the payment for other seminars of Powermax (provided that the seminar fee is the same or the difference will be rectified) depending on the preference of the participants / participating companies.
  11. Upon reservation, your seat(s) will be reserved but there will be no seating arrangement. Preferred seats will be on a first-come first-served basis.

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