Corporate and Individual Income Tax

Synopsis

TAX503 Corporate and Individual Income Tax equips the student with the knowledge of the legal basis of taxation i.e. the Income Tax Act. It also equips the student with skills to answer questions that are new or novel. The student learns that taxation is grounded in the legal provisions of the Income Tax Act, and learns to be familiar with the structure of the Act, and how the Act should be interpreted and applied, as well as how it is applied. The student will be equipped to navigate the Income Tax Act and call upon the relevant case law to help interpret the Act when faced with unfamiliar or novel situations. The course is not a computational course.

Level: 5
Credit Units: 5
Presentation Pattern: EVERY JULY

Topics

Tax Administration
Income under the Income Tax Act
Exempt Income
Deductions
Capital Allowances
Ascertainment of Certain Income
Taxation of Businesses
Group Reliefs
Taxation of Non-Residents
Taxation of Foreign-Soured income
Taxation of Resident Individuals
Tax Incentives

Learning Outcome

Evaluate the facts in various case-study scenarios, and correctly identify the taxation issue presented
Assemble all sources of law and practice relevant to the issue identified
Critically appraise the various authorities that may exist in this area, be they case law, statute law etc.
Distinguish precedent cases from fact pattern presented
Formulate a position paper, strategy document or tax advice on matters relating to the taxation issue
Examine and analyse legal materials which are written in technical or complex language
Discuss through different forms of communication, such as verbal, written and formal presentations, presenting knowledge or an argument in a way which is comprehensible to others

Part-time Programmes / CET Courses

Singapore University of Social Sciences

Corporate and Individual Income Tax