| CODE | ACC4621 | ||||||
| TITLE | Taxation | ||||||
| UM LEVEL | 04 - Years 4, 5 in Modular UG or PG Cert Course | ||||||
| MQF LEVEL | Not Applicable | ||||||
| ECTS CREDITS | 8 | ||||||
| DEPARTMENT | Accountancy | ||||||
| DESCRIPTION | Rationale & Learning Objectives To provide students with the opportunity to analyse at a deeper and professional level Maltese fiscal provisions related to the taxation of income. Indicative Syllabus and Study-unit Outline a) Basic principles of Maltese tax law and also addresses the tax treatment in Malta of income derived by non residents. This includes: • The income tax provisions as enshrined in the Income Tax Act, Chapter 123 of the Laws of Malta. The Income Tax Management Act, Chapter 372 of the Laws of Malta. The taxation of income derived from all sources (barring employment income) including capital gains, investment income, trading income, company profits and dividends. • The differences in tax treatment between individuals, companies, partnerships and other bodies of persons. The theoretical aspects are complemented by practical computations and illustrations. b) The more complex provisions of the Income Tax Acts with an emphasis on the provisions relevant to: • financial services • international taxation • double taxation relief • tax planning. c) The provisions relevant to income tax contained in the Business Promotion Act and the business Promotion Regulations. d) The more important provisions of the Duty on Documents and Transfers Act. e) The international aspects of taxation in Malta with particular emphasis on the Maltese systems for double taxation relief and the basic principles of international taxation including a review of basics of Malta’s double taxation treaty network and the workings of the OECD Model Convention. Reading List: Texts “International Tax Primer”, Brian J Arnold & Michael J McIntyre, Kluwer Law International. “European Tax Law”, Terra & Wattel, Deventer. Laws Income Tax Act, Chapter 123 of the Laws of Malta; Income Tax Management Act, Chapter 372 of the Laws of Malta Value Added Tax Act, Chapter 406 of the Laws of Malta; Income Tax Management Act, Chapter 372 of the Laws of Malta Business Promotion Act, Chapter 325 of the Laws of Malta Duty on Documents and Transfers Act Legal Notices as referred to by lecturers. |
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| RULES/CONDITIONS | Before TAKING THIS UNIT YOU MUST TAKE ACC3311 | ||||||
| STUDY-UNIT TYPE | Lecture and Tutorial | ||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Robert Attard Raymond Lanzon |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2023/4. It may be subject to change in subsequent years. |
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