All About Payroll and Withholding Taxes

 

Introduction

Navigating payroll accounting and withholding taxes can be overwhelming, especially for those who are new to these critical functions. Many businesses face challenges such as compliance errors, missed deadlines, and misunderstandings surrounding the Alphalist format mandated by the Bureau of Internal Revenue (BIR). These issues can lead to significant penalties and complications for both employees and employers. This course will equip you with the essential knowledge of withholding taxes and payroll practices, helping you understand and fulfill your responsibilities correctly. With insights into key topics such as the withholding tax on compensation and the implications of non-compliance, you’ll feel confident in managing payroll processes effectively.

 

 

Course Objectives

Upon completion of this training program, participants will be able to:

1. Understand the framework and importance of the withholding tax system in the Philippines.
2. Identify the roles and responsibilities of withholding agents.
3. Accurately calculate payroll and withholding taxes in compliance with BIR regulations.
4. Navigate the requirements for the substituted filing of income tax returns.
5. Recognize the implications of the Alphalist format and its consequences for non-compliance.
6. Reduce the risk of penalties associated with incorrect payroll and withholding tax practices.

 

 

Course Content

Module I. The Withholding Tax System in the Philippines

• Overview of the withholding tax system
• Importance and purpose of withholding taxes for businesses
• Eligibility for different types of withholding taxes

Module 2. Withholding Agents and Their Responsibilities

• Definitions and roles of withholding agents
• Legal obligations under Philippine withholding tax law
• Consequences for failing to fulfill withholding agent responsibilities

Module 3. Payroll Accounting Fundamentals

• Key components of payroll accounting
• Calculation of employee salaries and relevant withholdings
• Common payroll accounting challenges and solutions

Module 4. Withholding Tax on Compensation

• Understanding how to compute withholding tax on compensation
• Overview of different tax rates and brackets
• Substituted filing of income tax returns and its implications

Module 5. Alphalist Submission and Compliance

• Modes of submission for Alphalist of employees and payees
• Requirements for Alphalist formatting according to BIR standards
• Consequences and penalties for non-conformity with the BIR format

Module 6. Filing and Payment of Withholding Taxes

• Deadlines and procedures for filing and payment
• Final withholding tax obligations
• Overview of any applicable penalties for non-compliance

CALL TO ACTION
Don’t let payroll complexities hold you back! Equip your entire team with the essential knowledge and skills to navigate payroll and withholding taxes effectively.

 

 

 

Resource Speaker

Mr. Aaron Escartin, CPA
Partner – Tax Reporting and Operations, SGV

Click here for his profile.

 

 

Training Investment

REGULAR RATE
Php 1,899.00 + VAT

EARLY BIRD RATE
Php 1,499.00 + VAT until August 12, 2025

GROUP RATE
Php 1,399.00 + VAT per pax for 5 – 14 pax

SUPER GROUP RATE
Php 1,199.00 + VAT per pax for 15 or more pax

BIRTHDAY MONTH PROMO – FREE SEAT
Register within Your Birthday Month with at least 2 Paid Pax @Php1,899.00+ VAT per pax (Must present proof of date of birth)

JOIN NOW PAY LATER PROMO
Pay After 30 Days from the date of the Masterclass @ Php2,099.00+ VAT per pax

Presentation Materials and the Digital Certificate will be provided

 

 

In-House Training

Looking for customized in-house training in HR, Labor Law, Taxation, Accounting, Supply Chain Management, Soft Skills, or similar areas?

Click here for more information.

 

 

IMPORTANT REMINDERS

REGISTRATION.
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CHECK OUT.
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BILLING DETAILS AND THE NAMES OF THE PARTICIPANTS.
On the upper portion, you have to enter your details (esp. your email address) as the one paying for the registration. Underneath, you have to enter the details (esp. the email addresses) of the participants you wish to join the webinar.

 

PAYMENT
POWERMAX provides three (3) payment options:
(1) Bank Deposit/Online Bank Transfer
(2) G-Cash
(3) PayPal/Credit or Debit Card Through PayPal 

Bank Deposit or Online Bank Transfer / G-Cash
If you choose Bank Deposit/Online Bank Transfer or G-Cash, you have to send the proof of payment to info@powermax.ph.

IMPORTANT:
Proof of payment must be sent to info@powermax.ph.  Failure to send the proof of payment to info@powermax.ph means the participants will not receive the webinar links even if the proof of payment is sent to other contact details of Powermax or its representatives (e.g., Facebook, Messenger, Viber, other email addresses, etc.).

Payment Through PayPal
If you choose to pay for your registration using PayPal you may do so.  Please take note that PayPal also accepts Debit Cards and Credit Cards bearing the VISA and Mastercard logo. Unlike the Bank Deposit/Online Bank Transfer, the PayPal process automatically updates our system to issue the participants their access to our webinars.

Masterclass access links.
Once payment is made and verified, we can activate the spot on the webinar then we can send the webinar access links to the email addresses of the participants – this only goes with Bank Deposit/Online Bank Transfer / G-Cash.  However, for payments made using PayPal, the activation process is automatic. Note that your webinar access link cannot be shared with anyone else.  If you cannot attend on the date and time of the webinar kindly advise us at the latest one day ahead. 

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Thank you and enjoy!

Keep safe and God Bless!