Singapore University of Social Sciences

ACC307 Taxation of Companies and Partnerships is an intermediate course to the study of taxation in SUSS. It aims to provide students with knowledge on how to apply the principles of income tax, which are covered in ACC214 Introduction to Taxation, to partners (of various partnerships) and companies. Students begin this course by examining the extent to which offsets, such as allowable expenses and allowances, could be claimed on various expenditures. Thereafter, students will delve into the income tax treatment of partners (of various partnerships) and companies. Finally, students end this course by being able to propose appropriate strategies to maximise income tax benefits under the law, and formulate income tax advice based on real life circumstances. To excel in this course, students are required to familiarise themselves with the relevant laws, regulations and practice guidelines, and communicate their understanding and application of the subject matter in a clear and professional manner, among others. This course will benefit students beyond the classroom as they progress in life to become future general-purpose accountants and tax professionals.