Taxation Lesson 0 Course Outline

ACCT 405
TAXATION
Course Outline
College of Humanities
University of Ghana Business School
Course Outline
Course Instructors
Course Instructors:
Name: Prof. M. Amidu

Office Location: Ground Floor, Room G1
Office Hours: Wednesday 13:30 – 15:30
Email: [email protected]
Name: Dr. A. Ali-Nakyea

Office Location: School of Law
Office Hours: Tuesday, 14:00 – 16:00
Name: Dr. Nicholas Asare

Office Location: Department of Accounting
Office Hours: Tuesday, 14:00 – 16:00
Course Outline
Course Instructors
Course Instructors:
Teaching Assistant
Name: Mr. Manfred Adu-Poku
Course Outline
Course Description and Objective
Course Description
▪ This course seeks to impart knowledge and understanding in the workings
and principles of income tax and Value Added Tax (VAT) in Ghana.
▪ It provides students with general understanding of the Ghanaian tax system,
and
▪ The course serves as an introduction to the Income Tax Act, 2015 (Act 896),
the Income Tax Regulations, 2016 (LI 2244), the Revenue Administration
Act, 2016 (Act 915) and the Value Added Tax Act, 2013 (Act 870), as
amended.
Course Objective
▪ The main objective of the course is to impart knowledge and understanding
of the workings and principles of income tax and Value Added Tax (VAT) in
Ghana as well as income tax administration in Ghana.
Course Outline
Learning Outcomes
▪ By the end of this course, as a taxation student, you should be able to:
• Discuss the term taxation, its forms, relevance and history and tax
laws of Ghana.
• Differentiate between assessable income of resident and non-resident
persons
• Describe the general principle for a deductible expenses in taxation
• Understand various types of basis period
• Explain the concept of capital allowances
• Compute the chargeable income and the tax thereon from employment
• Compute the chargeable income and the tax thereon from business
Compute the chargeable income and the tax thereon from investment
• Identify payments requiring taxes to be withheld
• Explain the concept of VAT and discuss when a person becomes a
taxable person
• Explain the relationship between tax holidays, exemption and reliefs
• Understand tax revenue administration in Ghana
Course Outline
Course Delivery and Plagiarism
Course Delivery
▪ The basic orientation for this course will be toward lectures and discussions (blended where
appropriate) in class (60%) and/or virtual (40%).
▪ Students are required to read any of the reference textbooks and material on the SAKAI platform
before class in order to fully understand new topics covered and be able to fully participate in
class discussions.
▪ Tutorial sessions may be organized separately from normal class by the Teaching Assistant to
assist students in problem solving.
Plagiarism policy
▪ Plagiarism in any form is unacceptable and shall be treated as a serious
offense.
▪ Appropriate sanctions, as stipulated in the Plagiarism Policy, will be
applied when students are found to have violated the Plagiarism policy.
The policy is available at http://www.ug.edu.gh/aqau/policies-guidelines.
ALL students are expected to familiarize with the contents of the Policy.
Course Outline
Course Delivery and Plagiarism
Assessment and Grading
Students will be assessed as follows:
1. Continuous Assessment 40%
2. Final Examination 60%
N/B: Continuous Assessment include quiz, attendance, class participation interim

assessment etc.
Grading Scale:
Grade Marks
A 80-100
B+ 75-79
B 70-74
C+ 65-69
C 60-64
D+ 55-59
D 50-54
E 45-49
F Below 45
Course Outline
Reading List
▪ Amidu, M. (2019). Principles and Practice of Taxation (1st ed.), Digibooks,
Accra, Ghana
▪ Ali-Nakyea A. (2014). Taxation in Ghana-Principles, Practice & Planning,
Black Mask Ltd., 3rd Edition
▪ Kunbour, B., Ali-Nakyea, A. & Demitia W.K.O. (2017), Law of Taxation in
Ghana (4th ed.), Type Publishers
▪ Abdallah, A, & Addo S., (2007). Public Sector Economics and Finance.
Black Mask Limited.
▪ Hillman, A. L. (2003). Public Finance and Public Policy: Responsibilities
and Limitations of Government. Cambridge University Press.
• Onumah, J.M., Amidu, M. and S.N.Y. (2013). A Reader in Accounting:
Evidence from Ghana, in Enhancing the Development Agenda through
Research in Accounting Practices and Education, Woel Publishing Services,
Accra, Ghana. 3-198
Course Outline
Reading List
Journal Articles
Amidu, M., Yorke, M. S. (2017) Tax avoidance and earnings management of firms in
Ghana: Does the funding strategy matter? International Journal of Critical
Accounting 9 (3), 238-264
Relevant Tax Laws of Ghana:
a. Income Tax Act, 2015 (Act 896), as amended.
b. Income Tax Regulations, 2016 (LI. 2244)
c. Revenue Administration Act, 2016 (Act 915)
d. Value Added Tax Act, 2013 (Act 870), as amended.
Other Information
Every student must acquire a copy of and diligently read the Income Tax Act, 2015
(Act 896) Value Added Tax Act, 2013 (Act 870), the Regulations of both Acts and all
the amendments to present.
Course Outline
Course Content
▪ PART I: GENERAL PRINCIPLES OF TAXATION
• Lesson 1: Introduction to Taxation
• Lesson 2: Chargeable and Assessable Income
• Lesson 3: Allowable & Disallowable Deductions in Taxation
• Lesson 4: Tax Accounting Principles
• Lesson 5: Capital Allowance
▪ PART II: DIRECT TAXATION

• Lesson 6: Taxation of Employment Income
• Lesson 7: Taxation of Business Income
• Lesson 8: Taxation of Investment Income and Withholding Tax
Course Outline
Course Content
▪ PART III: INDIRECT TAXATION
• Lesson 9: Value Added Tax
▪ PART IV: TAX REVENUE ADMINISTRATION & STRATEGY

• Lesson 10: Tax Exemptions, Concessions and Personal Relief
• Lesson 11: Tax Revenue Administration in Ghana
Course Outline
Course Content
Modules Topics Reference
Module 1 Introduction to Taxation Amidu, Chp. 1
Ali-Nakyea Chp.1
Module 2 Chargeable and Assessable Income Amidu, Chp. 2

Ali-Nakyea Chp.3& 6
Module 3 Allowable and Disallowable deductions in Amidu, Chp. 2

Taxation Ali-Nakyea Chp. 6
Module 4 Tax Accounting Principles Amidu, Chp. 2

Module 5 Capital Allowances Amidu, Chp. 4
Module 6 Taxation of Assessable Income from Employment Amidu, Chp. 5
Ali-Nakyea Chp. 4
Course Outline
Course Content
Modules Topics Reference
Module 7 Taxation of Assessable Income from Business Amidu, Chp. 6
Ali-Nakyea Chp. 6
Module 8 Taxation of Investment Income and Withholding Amidu, Chp. 8

Tax Ali-Nakyea Chp. 16
Module 9 Indirect Taxation (Value Added Tax) Amidu, Chp. 11

Ali-Nakyea Chp. 18
Module 10 Tax Exemptions, Reliefs and Amidu, Chp. 17

Holidays/Concessions Ali-Nakyea Chp.3& 6
Module 11 Tax Revenue Administration in Ghana Amidu, Chp. 3

Course Outline
House Keeping
House keeping
1. All mobile phones should be put on silent or put off during virtual
discussions.
2. Joining the virtual session is key to the success of the course.
3. Lateness is not allowed. Not more than 10 minutes after start of the
class.
4. During the virtual meeting all microphones must be muted unless you
want to asked questions or contribute to the discussion.
5. Students are encouraged to read materials provided on the SAKAI
platform.
6. Talking during the lecture hours is not allowed
7. Others??

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ACCT 405

Name: Prof. M. Amidu

Name: Dr. A. Ali-Nakyea

Name: Dr. Nicholas Asare

N/B: Continuous Assessment include quiz, attendance, class participation interim

▪ PART II: DIRECT TAXATION

▪ PART IV: TAX REVENUE ADMINISTRATION & STRATEGY

Module 2 Chargeable and Assessable Income Amidu, Chp. 2

Module 3 Allowable and Disallowable deductions in Amidu, Chp. 2

Module 4 Tax Accounting Principles Amidu, Chp. 2

Module 8 Taxation of Investment Income and Withholding Amidu, Chp. 8

Module 9 Indirect Taxation (Value Added Tax) Amidu, Chp. 11

Module 10 Tax Exemptions, Reliefs and Amidu, Chp. 17

Module 11 Tax Revenue Administration in Ghana Amidu, Chp. 3

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