This course will provide you with a sound understanding of the principles of taxation in relation to income tax for individuals and trading entities. The course considers the provisions of the Income Tax Assessment Acts of 1936 and 1997 and gives emphasis to the issues of assessable income and allowable deductions in respect of both the common law as well as statutory provisions. The course also considers the Fringe Benefit Tax Assessment Act 1986 and the Goods and Services Tax Act 2000.
This course emphasises presentation and research skills combined with formulation of arguments based on legal principles. In these respects, the course plays a vital role in professional development of accountants and other professionals such as financial planners.