BIBM604 – Taxation in New Zealand

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Module code
BIBM604
Module title
Taxation in New Zealand
Prescription
Students will apply knowledge of taxation rules to New Zealand taxable entities in a range of situations
Programmes
  • BI1401
  • BI1501
NZQA Level
Level 6
NZQA Credits
15
Delivery method
  • Web-Supported
Learning hours
Directed hours
48
Self directed hours
102
Total learning hours
150
Resources required
Learning Outcomes
1. Discuss the taxation rules relating to the definition of a business, the derivation of income
and tax residency
2. Apply taxation rules relating to deductions including depreciation and prepare a statement
of taxable income
3. Identify the taxation rules relating to the reporting, calculation and payment of taxes,
including Provisional and Terminal Tax, PAYE including ESCT, Scheduler payments, and
Resident Withholding Tax and apply the use of money and penalty rules
4. Analyse features of Inland Revenue administered schemes and calculate tax credits and
prepare IR3 returns
5. Apply taxation rules to partnerships and close companies and prepare returns
6. Apply taxation rules for Good and Service Tax (GST) and prepare GST returns
7. Apply Fringe Benefit Tax (FBT) rules and calculate FBT payable
Content
- Determination of income
- Capital and Revenue expenditure
- Deductible expenses
- Depreciation
- Employee and independent contractor
- Administered schemes include family assistance, kiwisaver and student loans
- Tax credits inlcude IR526 tax credits, IETC
- Dividends including RWT
- Returns include IR4 including imputation credits, IR7
Teaching and Learning Strategy
Teaching will involve blended delivery methods incorporating the Moodle online delivery platform. Other delivery methods my involve theoretical and practical classes, face to face, lectures, tutorials, workshops, group activities, guest tutors, field trips, role-play, and video conferencing, as appropriate.
Basic of Assessment
Candidates must achieve a minimum result of 40 in the final examination of this module. They must also achieve a minimum C grade pass overall from all assessments to receive a passing grade for the module.
Learning and Teaching Resource
Required Text:
An extended reading list will be supplied by the tutor at commencement of the module. This will be updated annually.