Course Overview

Here’s a detailed course description for Taxation II suitable for a B.Sc. Accounting program:

???? Taxation II

Course Description

This course builds on the foundation laid in Taxation I and provides students with an in-depth understanding of corporate taxation and value-added tax (VAT) in business. The course covers the computation, filing, and compliance of corporate income tax, VAT, withholding taxes, and other relevant statutory obligations. Students will also examine tax planning, tax avoidance versus evasion, and ethical considerations in taxation.

Course Objectives

By the end of this course, students should be able to:

1. Apply tax laws to compute corporate income tax liabilities.

2. Calculate VAT and other indirect taxes in compliance with statutory regulations.

3. Understand and differentiate between tax planning, tax avoidance, and tax evasion.

4. Prepare tax returns and supporting documentation for corporations.

5. Demonstrate ethical responsibility in tax reporting and compliance.

Course Content (Main Topics)

• Review of Taxation I principles

• Corporate Income Tax (CIT): computation and reporting

• Tax treatment of business expenses and allowances

• Capital gains tax for businesses

• Value-Added Tax (VAT): registration, computation, invoicing, and reporting

• Withholding taxes and other indirect taxes

• Tax planning, compliance, and administration

• Tax incentives and exemptions for businesses

• Ethics in taxation: avoiding evasion and adhering to legal standards

• Practical exercises on corporate tax returns and VAT computations

Teaching Methods

• Lectures and tutorials

• Case studies of corporate taxation

• Practical exercises using real-life tax scenarios

• Use of tax computation software (where applicable)

Assessment Methods

• Continuous Assessment (Assignments & Quizzes) – 30%

• Practical Tax Computation Exercises – 20%

• Final Examination – 50%

Learning Outcomes

Upon successful completion, students will be able to:

• Compute corporate tax liabilities accurately.

• Prepare VAT returns and ensure statutory compliance.

• Apply ethical practices in taxation.

• Analyze tax implications of business transactions.

• Support businesses in tax planning and decision-making.

✅ Next, we can continue with Auditing I (Year 2 – Semester 1) to keep building your full course catalog for the B.Sc. Accounting program.