ACCY6103 – Taxation in Aotearoa New Zealand
Module code
ACCY6103
Module title
Taxation in Aotearoa New Zealand
Prescription
The aim of this course is to develop the knowledge, skills, and competencies to apply taxation rules to a range of situations and entities.
Programmes
- BI1401
- BI1501
- BS7000
- TP4775
NZQA Level
Level 6
NZQA Credits
15
Delivery method
- Web-Supported
Learning hours
- Total learning hours
- 150
Resources required
- Learning Outcomes
- 1. Discuss taxation concepts and objectives and the taxation system’s interaction with society, technology, and commercial environments.
2. Identify and apply taxation rules to a range of transactions and events.
3. Apply tax planning considerations to given scenarios. - Content
- LO1
• History of taxation and the role of taxation in civilisations/societies
• Principles of good taxation/tax policy
• Aotearoa New Zealand Income Tax Act 2007 framework: Introduction & core provisions
• Taxation body of knowledge
• Tax administration
• The concept of income
• Tax residency and international tax
LO2
• Specific tax rules and tax obligations to:
o Different entity types (including companies, look through companies, partnerships, trusts and Maaori Authorities)
o Goods and Services Tax
o Employers
o Fringe Benefit Tax
o Income Tax
o Income for individuals, employees, and businesses (refer to flowchart B2 in subpart BC of the ITA 2007)
o Income from property transactions
o Deductions (including depreciation)
o Calculation and payment of taxes (including Income tax, GST, FBT) for individuals and entities
LO3
• Tax penalties, evasion, avoidance, tax havens, and tax planning
• Taxation of non-complex international transactions (receipt of foreign income, interest, dividend) - Teaching and Learning Strategy
- All learning and teaching activities as described in the approved programme and delivery documents are enabled for this course unless specified.
- Basic of Assessment
- Assessment in this course employs an achievement-based grading scheme. Learners will be advised of all matters relating to summative assessment prior to the start of the course.
- Assessment Criteria
- The portfolio is comprised of multiple components. Learners need to provide sufficient evidence against all learning outcomes and gain an overall mark of at least 50% in order to pass this module.
(A minimum of 50% of the portfolio assessment activities will be controlled (supervised/observed) - Learning and Teaching Resource
- All required and recommended resource are provided to learners via course outlines.
