Course Title: Malaysian Taxation

Part A: Course Overview

Course Title: Malaysian Taxation

Credit Points: 12


Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

JUST1043

Kolej Metropolitan

Undergraduate

615H Accounting

Face-to-Face

Offsh 3 09

LAW2463

Kolej Metropolitan

Undergraduate

615H Accounting

Face-to-Face

Offsh 1 10,
Offsh 1 11

Course Coordinator: Len Faigen

Course Coordinator Phone: +61 3 9925763

Course Coordinator Email:len.faigen@rmit.edu.au


Pre-requisite Courses and Assumed Knowledge and Capabilities

JUST1022 Commercial Law 1

The requirement is for students to be able to demonstrate the ability to comprehend and communicate information, legal principles and the results of analysis in accurate, clear, concise and coherent English, using technical terms when necessary.

A basic understanding of the process for problem-based learning is also required.

In addition, students are required to have a basic understanding of the Malaysian legal system and application of statutory law and common law / case law.
This knowledge is introduced in Commercial Law and further developed in Malaysian Taxation.

Students are strongly recommended to have completed JUST1022 Commercial Law prior to enrolling in Malaysian Taxation.


Course Description

This course is designed to provide a theoretical and practical understanding of the Income Tax Act and fundamental principles of Malaysian taxation as applied to individuals, sole-proprietorships, partnerships, companies and trusts. The course will also provide an understanding of other tax legislation concerned with real property gains tax and investment incentives. The course is designed to enable students to acquire an understanding of tax principles through the analysis of case law and through the interpretation of tax legislation. The emphasis is on the understanding of the rationale underlying the various tax legislations, appreciating the most efficient course of action with regard to tax management and planning and the use of taxation as an instrument of social and economic policy.

Students undertaking the course will further develop their legal skills in reading, understanding and applying complex and dynamic legislation, case materials and taxation rulings. This involves development of the student’s ability to analyse legal problems and to express ideas in a precise manner. These skills, together with the appropriate legal knowledge are essential for accountants and other business professionals. While aspects of legal knowledge are continually changing, the development of generic skills and will enable such business professionals to keep abreast of changes in the law and be in a position to provide appropriate advice.

This course emphasises presentation and research skills combined with formulation of arguments based on legal principle. In these respects, the course plays a vital role in professional development of accountants and other professionals such as financial planners.


Objectives/Learning Outcomes/Capability Development

Successful completion of Malaysian Taxation means that you should be able to:

Understand and interpret relevant legal principles of taxation law and apply these principles to a variety of taxable entities.


In addition, the course provides an opportunity for you to develop generic capabilities. These include the ability to:

Apply these principles to hypothetical legal situations
Read and comprehend legislation
Read and comprehend relevant common law
Conduct effective legal research
Critically analyse legal problems and make judgements in the provision of sound, reasoned advice
Communicate analysis and reasoning in writing in a precise manner using appropriate legal terminology
Collaborate and work in teams


Successful completion of Malaysian Taxation means that you should be able to:

Understand and interpret relevant legal principles of taxation law and apply these principles to a variety of taxable entities.


In addition, the course provides an opportunity for you to develop generic capabilities. These include the ability to:

Apply these principles to hypothetical legal situations
Read and comprehend legislation
Read and comprehend relevant common law
Conduct effective legal research
Critically analyse legal problems and make judgements in the provision of sound, reasoned advice
Communicate analysis and reasoning in writing in a precise manner using appropriate legal terminology
Collaborate and work in teams


Overview of Learning Activities

To achieve the objectives and the development of the capabilities of this course you are required to participate in various learning activities. These activities include:
- Learning activities based on the assumption that you prepare for classes and complete the set reading and tutorial work.
- Attending classes and participating in class discussion.
- Engaging in legal research including searching electronic legal databases, internet resources and taxation law journals.
- Undertaking an assignment/research paper using the skills developed in this course.
- Working as a team member with other course members to produce a reflective journal and assignment/research paper that reflects the contributive skills of all the team members.


Overview of Learning Resources

You will be advised of the prescribed texts and recommended references for this course and other reading materials upon enrolment.

You will be provided with supplementary course materials prior to or at the first lecture. You will be expected to regularly use the supplementary course materials, prescribed texts and recommended references, books, journals, newspapers, internet sites and data bases that relate to the assessment tasks.


Overview of Assessment

Assessment in Malaysian Taxation may include the preparation of a research paper or assignment designed to provide an opportunity for you to demonstrate that you have researched relevant statutes, case law, journal commentary, electronic legal databases and the internet. The emphasis in the research paper or assignment is upon exploring in depth, issues and legal problems developed in the course. The research paper or assignment gives you the opportunity to apply critical analysis to concepts developed in this course and to the circumstances provided in the research paper or assignment. It will be designed to allow you to demonstrate your understanding of the tax legislation and principles of Malaysian taxation law.

Assessment in Malaysian Taxation may also include the preparation of a journal containing your commentary upon a number of articles that you have extracted from newspapers, journals, global business data bases and other internet resources. The purpose of this exercise is to develop your ability to engage in self-directed learning and to improve your ability to provide critical analysis.

The final examination explores, in depth, issues and applies concepts to problems and case studies that are raised throughout the course. It will be designed to allow students to demonstrate their understanding of the tax legislation and principles of Malaysian taxation law. The exam will consist of a mixture of fact solving problems and computational problems.