| CODE | ACC5959 | ||||||||
| TITLE | Advanced Taxation | ||||||||
| UM LEVEL | 05 - Postgraduate Modular Diploma or Degree Course | ||||||||
| MQF LEVEL | 7 | ||||||||
| ECTS CREDITS | 10 | ||||||||
| DEPARTMENT | Accountancy | ||||||||
| DESCRIPTION | The study-unit will review a number of important features of the Maltese Tax Regulatory framework which is of direct relevance to the increasing role of accountants in tax advisory and tax accounting. The study-unit will cover the taxation of corporate entities, taxation of capital gains, taxation of immovable property in Malta, Duty on Documents and Transfers Act, Tax Accounting and Refunds System, a review of international taxation (including the OECD Model), Tax Administration and Tax Morality, benefits available under the Malta Enterprise Act, Taxation of Trusts, Taxation of Shipping and Aviation Companies, an overview of Collective Investment Schemes and EU Directives. Study-unit Aims The purpose of this study unit is to provide students with a thorough understanding of the Maltese tax regulatory framework relevant to the accountancy profession and the application of the tax rules to practical case studies. Learning Outcomes 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: 1. Distinguish between the classification of taxpayers and the tax implication arising thereof; 2. Describe the obligations of taxpayers and the respective tax administration requirements for filing returns, procedure for enquires, appeals and disputes; 3. Identify the tax treatment specific to trusts, shipping and aviation companies, collective investment schemes; 4. Examine and discuss the importance of EU directives on Maltese corporate tax system. 2. Skills: By the end of the study-unit the student will be able to: 1. Identify the tax treatment of specific transactions and account for same; 2. Compute the tax liability arising from capital gains tax, transfer of immovable property, Duty on Documents; 3. Allocate income to various tax accounts and compute the relative tax refund arising thereof. Main Text/s and any supplementary readings - Income Tax Act, Chapter 123 of the Laws of Malta - Income Tax Management Act, Chapter 372 of the Laws of Malta - Relevant Legal Notices - Principles of Maltese Tax Law, Robert Attard - Direct Tax Manual, Malta Institute of Taxation |
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| ADDITIONAL NOTES | Pre-requisite Qualifications: Bachelor of Commerce with Accountancy Stream | ||||||||
| 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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