This course deals with the basic concepts of taxation. The subject will introduce the students to the elementary rudiments of the law, including its relevance and applicability, to prepare them for their future business undertakings. They will also study and analyze selected court decisions that would make their understanding of the law as easy and practical as possible.

Pre-requisite Subject: None

Objectives:

1. To develop among the students an appreciation of taxation laws by providing them with a light and easy discussion of legal terminologies and principles defined and illustrated in layman’s terms.

2. To allow the students to become independent and responsible entrepreneurs by imparting in them a sound knowledge of the nature, concepts and principles of taxation law.

3. To provide the students with a broad overview of (a) income tax; (b) VAT; (c) real property tax and other relevant business taxes, which they will encounter when they pursue their business enterprises.

Value Aims :

This course aims to reaffirm the Miriam vision by stressing the importance of conforming with Christian norms by being honest and responsible taxpayers. It aims to instill in students the practice of paying the correct taxes to the Government for the betterment of society.