ACCTN306-19B (TGA)

Taxation

15 Points

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Division of Management
School of Accounting, Finance and Economics

Staff

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Convenor(s)

Lecturer(s)

Administrator(s)

: uwt@waikato.ac.nz

Placement Coordinator(s)

Tutor(s)

: zaba1@students.waikato.ac.nz

Student Representative(s)

Lab Technician(s)

Librarian(s)

: clive.wilkinson@waikato.ac.nz

You can contact staff by:

  • Calling +64 7 838 4466 select option 1, then enter the extension.
  • Extensions starting with 4, 5, 9 or 3 can also be direct dialled:
    • For extensions starting with 4: dial +64 7 838 extension.
    • For extensions starting with 5: dial +64 7 858 extension.
    • For extensions starting with 9: dial +64 7 837 extension.
    • For extensions starting with 3: dial +64 7 2620 + the last 3 digits of the extension e.g. 3123 = +64 7 262 0123.
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Paper Description

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The paper covers the broad framework of the main tax statutes and the detailed effect of selected specific provisions. It also gives an appreciation of the basic applications of taxation and the importance of taxation in business decisions and the calculation of Goods and Services Tax and Income Tax..


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Paper Structure

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A combination of 3x Lectures and one Tutorial per week.
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Learning Outcomes

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Students who successfully complete the course should be able to:

  • 1. Understand and explain the fundamental principles underpinning taxation, the New Zealand Tax System including Tax Administration by IRD and New Zealand Tax Residence.
    Linked to the following assessments:
  • 2. Understand and explain the implications for New Zealand taxation in relation to different ownership structures in New Zealand including Sole-Proprietorship Partnership, Companies and Trusts
    Linked to the following assessments:
  • 3. Interpret, apply and communicate their understanding of Goods and Services Tax calculations and the regulatory basis as well as prepare and present a practical GST scenario and related returns
    Linked to the following assessments:
  • 4. Interpret, apply and communicate their understanding of Income Tax calculations and the regulatory basis as well as prepare and present a practical Income Tax scenario and related returns
    Linked to the following assessments:
  • 5. Understand and explain the implications of Tax Avoidance, Tax Evasion, Dispute Resolution Process and Penalties, Interests and Offences
    Linked to the following assessments:
  • 6. Undertake research in relation to issues in New Zealand Taxation and/or issues in Taxation of other jurisdictions.
    Linked to the following assessments:
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Assessment

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Internal Assessment/Final Examination 1:1

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Assessment Components

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The internal assessment/exam ratio (as stated in the University Calendar) is 50:50. There is no final exam. The final exam makes up 50% of the overall mark.

The internal assessment/exam ratio (as stated in the University Calendar) is 50:50 or 0:0, whichever is more favourable for the student. The final exam makes up either 50% or 0% of the overall mark.

Component DescriptionDue Date TimePercentage of overall markSubmission MethodCompulsory
1. Test 1
16 Aug 2019
5:00 PM
15
  • Other:
2. Test 2
27 Sep 2019
5:00 PM
15
  • Other:
3. Assignment
13 Sep 2019
12:00 PM
15
  • Online: Submit through Moodle
4. Tutorial Attendance
11 Oct 2019
12:00 PM
5
  • Hand-in: In Tutorial
5. Exam
50
Assessment Total:     100    
Failing to complete a compulsory assessment component of a paper will result in an IC grade
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Required and Recommended Readings

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Required Readings

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1. Prescribed Statutes: As Reprinted and annotated in:
i) Income Tax Act 2007 New Zealand Tax Legislation for students:
ii) Income Tax Amendment Acts Income Tax Act 2007 and other legislation. 2019 Edition CCH
iii) Goods and Services Tax Act 1985 (Reprinted)
iv) Goods and Services Tax Amendment Acts

2. Prescribed Text: 2019 New Zealand Master Tax Guide. Auckland, CCH New Zealand Ltd.

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Recommended Readings

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  • New Zealand Income Tax Law and Practice
  • New Zealand Tax Cases
  • Chartered Accountants Journal of New Zealand
  • Staples’ Guide to New Zealand Tax Practice, Mancer & Veal, Brookers Current Ed.
  • NZ Taxation current edition, Alley, Maples, Veal and Polson Higgs & Co, Thomson Brookers
  • Taxation Education Office publications
  • Technical Information Bulletin publications
  • The Independent
  • The National Business Review
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Other Resources

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Moodle is a website for access to relevant information for papers and databases.

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Online Support

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If you require online support for Moodle please email ITS at: ITShelp@waikato.ac.nz
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Workload

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3x I hour Lectures per week

1x 1 hour Tutorial per week (starting second week)

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Linkages to Other Papers

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Prerequisite(s)

Prerequisite papers: One of ACCTN202, ACCT202, ACCT224, MNGT221 or ACCT324

Corequisite(s)

Equivalent(s)

Restriction(s)

Restricted papers: ACCT351

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