Course Title: Singapore Taxation
Part A: Course Overview
Course Title: Singapore Taxation
Credit Points: 12.00
Terms
Course Code |
Campus |
Career |
School |
Learning Mode |
Teaching Period(s) |
JUST1045 |
Singapore Inst of Management |
Undergraduate |
615H Accounting |
Face-to-Face |
Offsh 3 09 |
LAW2465 |
Singapore Inst of Management |
Undergraduate |
615H Accounting |
Face-to-Face |
Offsh 1 10, Offsh 1 11, Offsh3 12, Offsh1 13, Offsh3 14, Offsh1 15, Offsh3 15, Offsh1 16, Offsh3 16, Offsh1 17, Offsh3 17, Offsh1 18, Offsh3 18, Offsh1 19, Offsh3 19, Offsh1 20, Offsh3 20, Offsh1 21, Offsh3 21 |
LAW2465 |
Singapore Inst of Management |
Undergraduate |
665H Accounting, Information Systems and Supply Chain |
Face-to-Face |
Offsh3 22, Offsh1 23, Offsh3 23, Offsh1 24 |
Course Coordinator: Mr Alex Wong
Course Coordinator Phone: -
Course Coordinator Email: alex.wong@rmit.edu.au
Course Coordinator Location: Building 80
Course Coordinator Availability: By appointment
Pre-requisite Courses and Assumed Knowledge and Capabilities
It is recommended you complete the course, LAW2446 Commercial Law prior to enrolling in Singapore Taxation. Successful completion of this course means that you should have a basic understanding of the Singapore legal system and the application of statutory law and common law. This knowledge is introduced in Commercial Law and further developed in Singapore Taxation.
A basic understanding of the process for problem-based learning is also required.
Students should be highly proficient in English comprehension and expression.
This course assumes that you have basic information technology skills
Course Description
This course has been designed to provide you with a theoretical and practical understanding of the Income Tax Act and fundamental principles of Singapore taxation that apply to various entities that include individuals, sole-proprietorships, partnerships, companies and trusts. The course will also provide you with an understanding of other tax legislation concerned with investment incentives. The course is designed to enable you 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.
By undertaking this course you will further develop your legal skills in reading, understanding and applying complex and dynamic legislation, case materials and taxation rulings. This involves development of your 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
This course provides you with an opportunity to develop or enhance generic capabilities. These include the ability to:
• analyse, reason logically and conceptualise issues
• identify, understand and interpret basic concepts
• apply relevant principles to factual circumstances
• undertake effective research
• collaborate and work in teams
• communicate analysis and reasoning in writing in a precise manner using appropriate legal terminology
Upon successful completion of Singapore Taxation you will be able to:
1. Understand and interpret relevant legal principles of taxation law
2. Apply principles of taxation law to hypothetical and practical legal situations
3. Read and comprehend taxation legislation and relevant taxation common law cases and principles
4. Conduct effective legal research in taxation law
5. Critically analyse taxation problems and make judgements in the provision of sound, reasoned advice
6. Work effectively in a team to produce a group research paper and a group journal
Overview of Learning Activities
Key concepts, principles, legislation and cases and their application will be explained in lectures.
A number of online lecture notes will be provided to you.
Supervised problem-based tutorials will build your capacity to solve problems and to think critically and analytically
Tutorials will provide you with feedback in regard to your understanding and academic progress.
Active and constructive participation in tutorial activities is expected in addition to weekly reading, careful planning of assessment tasks and completion of prescribed discussion questions.
Overview of Learning Resources
Various learning resources are available online through MyRMIT Studies\Canvas. The lecture notes and workshop notes are posted on Canvas.
Resources are also available online through RMIT Library databases and other facilities. Visit the RMIT library website for further details. Assistance is available online via our chat and email services, face to face at our campus libraries or via the telephone on (03) 9925 2020.
Additional resources and/or sources to assist your learning will be identified by your course coordinator and will be made available to you as required during the teaching period.
Overview of Assessment
Assessment Task 1: 20%
Linked CLOs: 1,2,3,4,5,6
Assessment Task 2: 30%
Linked CLOs: 1,2,3,4,5,6
Assessment Task 3 - Final Examination: 50%
Linked CLOs: 1, 2, 3,4,5,6