Principles Of Taxation

AY2016/2017 Semester 2

This course focuses on the two principal taxes in Singapore ? income tax and the goods and services tax (GST). The objectives of the course are three-fold: 1. to provide a framework for students to understand the structure of the Singapore tax system and to have a working knowledge of the key concepts, principles and applications of the tax law ? the Compliance objective; 2. to instil an awareness in students of the impact taxes have on the decision making process by businesses and individuals and how that such tax costs could be controlled through legitimate tax planning exercises - the Planning objective; and 3. to instil an awareness in students of the influence of fiscal, economic, political, social and equity considerations on the development of tax laws - the Policy objective.