ACC 224 – TAXATION II

Goal:

To expose students to the concepts and principles of Taxation and its application to the business world.

GENERAL OBJECTIVES:
1.0 Know capital allowances initial, annual balancing allowances and balancing charge.
2.0 Know the computation of chargeable and tax liabilities relating to individuals, partnerships, settlements, trusts and
estates.
3.0 Understand the basic tax computation of a company.
4.0 Understand withholding tax.
5.0 Know Value Added Tax administration, determination and assessment.
6.0 Know Education Tax Provisions.
7.0 Understand procedures for income tax.