ATD 008: Principles of Taxation - Globopoint Learning Centre

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GENERAL OBJECTIVE

This unit covers the competencies required to compute tax financial accounts for individuals and business entities. Competencies include: applying taxation concepts and regulations in determining tax obligation, determining tax liabilities for different sources of income, computing investment allowances, accounting for value added in business transactions and accounting for customs duty and excise duty, and miscellaneous charges.

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Course Content

APPLY TAXATION CONCEPTS AND REGULATIONS IN COMPUTING TAX OBLIGATIONS

Definitions

19:16
Purposes of taxation

07:04
Statutory deductions

12:10
Classification of taxes by rates

18:40
Classification of taxes by effect

21:04
Tax shifting

15:26
Principles of taxation

14:17
Tax evasion

23:08
Tax avoidance

12:35
Source of taxable income

09:00
Rules of taxing an income

08:43
Residence

15:48

DETERMINE TAX LIABILITIES FOR DIFFERENT SOURCES OF INCOME

COMPUTE INVESTMENT ALLOWANCES

ACCOUNT FOR VALUE ADDED TAX (VAT) IN BUSINESS TRANSACTIONS

Definitions

21:49
Registration and deregistration of business for VAT

03:57
Rights of a VAT registered person obligations of VAT registered person

04:07
Offences in relation to VAT Value of a supply – Value for VAT

05:22
Types of supplies

06:44
VAT rates and computations

01:32
Privileged persons and institutions

04:48
Change that must be notified to the commissioner

05:27
VAT records

07:13
VAT returns

05:00
Remission, rebate and refund of VAT

12:44

ACCOUNT FOR CUSTOMS AND EXCISE DUTY, MISCELLANEOUS CHARGES AND LEVIES

Definitions

23:21
Warehousing

06:42
Goods subject to customs control

08:32
Refund of duty

06:21
Prohibited and restricted measures

11:16
Goods liable for forfeiture

07:43
Dumping

10:16
Pseudo taxes

10:52
Levies and charges imposed by the county government

06:20
Property rates

07:33
Cess

06:27
Entertainment taxes

04:49

ADMINISTRATION OF INCOME TAX

Personal identification number: Issue, uses, cancellation of a PIN

20:24
Registration and deregistration of tax payers

09:17
Administration of tax laws

07:05
Function and powers of the commissioner

03:54
Taxpayer’s tax representative : Appointment, liabilities and obligations

07:41
Tax Returns and Assessments : Self-assessment, default assessment, Advance assessment, Amendment of assessments

13:08
Collection, recovery, enforcement and refund of taxes

08:28
Tax decisions, objections, appeals, relief of mistakes and rulings

09:28
Voluntary Tax Disclosure Program

08:58
Administrative penalties and offences

09:52
Digital service tax

03:59
Electronic Tax Register (ETR) -Specifications

08:32
Electronic Tax invoice – (Regulation 2020)

08:29
Application of ICT in taxation : Practical use of iTax to file the returns

12:49

REVISION QUESTIONS WITH ANSWERS

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About Course

Book a Course Recap Zoom Session

Book a One on One Coaching Session – CLICK HERE!

What Will You Learn?

Course Content

APPLY TAXATION CONCEPTS AND REGULATIONS IN COMPUTING TAX OBLIGATIONS

Definitions

Purposes of taxation

Statutory deductions

Classification of taxes by rates

Classification of taxes by effect

Tax shifting

Principles of taxation

Tax evasion

Tax avoidance

Source of taxable income

Rules of taxing an income

Residence

DETERMINE TAX LIABILITIES FOR DIFFERENT SOURCES OF INCOME

Employment income

Business income

Investment income

Farming income

Withholding tax

COMPUTE INVESTMENT ALLOWANCES

Buildings

Machinery

ACCOUNT FOR VALUE ADDED TAX (VAT) IN BUSINESS TRANSACTIONS

Definitions

Registration and deregistration of business for VAT

Rights of a VAT registered person obligations of VAT registered person

Offences in relation to VAT Value of a supply – Value for VAT

Types of supplies

VAT rates and computations

Privileged persons and institutions

Change that must be notified to the commissioner

VAT records

VAT returns

Remission, rebate and refund of VAT

ACCOUNT FOR CUSTOMS AND EXCISE DUTY, MISCELLANEOUS CHARGES AND LEVIES

Definitions

Warehousing

Goods subject to customs control

Refund of duty

Prohibited and restricted measures

Goods liable for forfeiture

Dumping

Pseudo taxes

Levies and charges imposed by the county government

Property rates

Cess

Entertainment taxes

ADMINISTRATION OF INCOME TAX

Personal identification number: Issue, uses, cancellation of a PIN

Registration and deregistration of tax payers

Administration of tax laws

Function and powers of the commissioner

Taxpayer’s tax representative : Appointment, liabilities and obligations

Tax Returns and Assessments : Self-assessment, default assessment, Advance assessment, Amendment of assessments

Collection, recovery, enforcement and refund of taxes

Tax decisions, objections, appeals, relief of mistakes and rulings

Voluntary Tax Disclosure Program

Administrative penalties and offences

Digital service tax

Electronic Tax Register (ETR) -Specifications

Electronic Tax invoice – (Regulation 2020)

Application of ICT in taxation : Practical use of iTax to file the returns

REVISION QUESTIONS WITH ANSWERS

ATD PRINCIPLES OF TAXATION APRIL 2023 Q1

ATD PRINCIPLES OF TAXATION APRIL 2023 Q2

ATD PRINCIPLES OF TAXATION APRIL 2023 Q3

ATD PRINCIPLES OF TAXATION APRIL 2023 Q4

ATD PRINCIPLES OF TAXATION APRIL 2023 Q5

Student Ratings & Reviews

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