| CODE | ACC5322 | ||||||
| TITLE | Advanced Taxation Theory and Practice | ||||||
| UM LEVEL | 05 - Postgraduate Modular Diploma or Degree Course | ||||||
| MQF LEVEL | 7 | ||||||
| ECTS CREDITS | 10 | ||||||
| DEPARTMENT | Accountancy | ||||||
| DESCRIPTION | The study-unit provides a detailed outline of the salient features of Maltese domestic taxation. Students are given the opportunity to explore, understand and examine the most salient aspects of international taxation from the perspective of the domestic corporate tax regime. Reference is made to relevant Legislation, including the Income Tax Act and the Income Tax Management Act. The unit focuses on applying legislation to real life situations. Among other aspects, the study unit includes (i) individual and personal taxation; (ii) Capital gains taxation; (iii) International taxation; and (iv) Malta tax refund system. Given that Malta's tax system plays a key role in attracting foreign direct investment, the international dimension of taxation is determined to be of strategic importance to students aspiring for conceptual and applicable knowledge in the tax profession. Study-unit Aims: The unit aims to provide students with a thorough understanding of the Maltese tax regulatory framework relevant to those working in the tax field. In parallel it aims to shed light on an array of important aspects related to international taxation. Consequently, this study unit is intended to render students aware of the interconnectedness and interdependency of domestic and international tax regimes. Learning Outcomes: 1. Knowledge & Understanding By the end of the study-unit the student will be able to: 1. Distinguish between different types of tax schemes available to taxpayers; 2. Identify the tax treatment of specific tax structures and schemes; 3. Identify the tax treatment of specific transactions and apply these to case studies; 4. Compute the tax liability thereof; 5. Allocate income to various tax accounts and compute the relative tax refund arising thereof; 6. Examine and discuss the importance of domestic tax system in international taxation. 2. Skills By the end of the study-unit the student will be able to: 1. Bridge the gap between academia and empirical tax scenarios; 2. Decode the interconnectedness between national and international tax regimes; 3. Analyse various case studies using conceptual and theoretical frameworks as well as grounded contextualisations. Main Text/s and any supplementary readings: Main Text - Chapter 123, Laws of Malta, Income Tax Act, 1949, as amended. - Chapter 372, Income Tax Management Act, 1994, as amended. Supplementary - Various LN and guidelines issued by the Commissioner for Revenue - see cfr.gov.mt (students to be directed to specific topics). - Vella, Edwin, A, (2009), ‘Direct Taxation Manual, Malta Institute of Taxation’, Malta: Malta Institute of Taxation. - Frecknall-Hughes, J. (2015), ‘The Theory, Principles and Management of Taxation: An introduction’, UK: Routledge. Considering that the title of the study unit is ‘Advanced Taxation: Theory & Practice’ it would seem relevant to include reference texts/articles focusing on the theoretical aspects. - Frecknall-Hughes, J. (2015), ‘The Theory, Principles and Management of Taxation: An introduction’, UK: Routledge. |
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| STUDY-UNIT TYPE | Lecture and Tutorial | ||||||
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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 2024/5. It may be subject to change in subsequent years. |
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