Faculty of Management Technology

Quality Assurance and Accreditation Unit

Taxation (CTRL 606)

A-Basic Information
Semester number Sixth semester
Semester type Spring semester
Study year 3rd Year
Course code CTRL 606
Academic year 2016-2017
Program name Bachelor of Management Technology
Department offering the Accounting and Finance
course
Specialization Accounting
Type of course Compulsory
Number of sessions/ week 1 Lecture/ week , 1 Tutorial/ week
Weekly contact hours 2 hrs/week , 2 hrs/week
Student workload 150 hrs
Credit points (ECTS) 5 CP

B- Professional Information
Aims:

This course is an introduction to fundamental personal income tax principles and practices. It
provides students with an overall understanding of taxation concepts and principles and
introduces the institutional environment related to tax regulation. Second, it discusses the basics
of tax planning for individuals and corporations. Finally, the course also explains the Egyptian
tax regulations (Law no. 91 for the year 2005) related to computation of individual tax liability.
Through discussing the tax rules, the course also aims at providing students with an
understanding of the role of taxation in investment and business decision making. In addition
some advanced taxation topics are incorporated in the course in order to deepen the
understanding the tax accounting, tax law, and impact of tax imposition over the probability and
business results of the corporations.

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Intended Learning outcomes:

By the end of the course the student will be able to:

a- Knowledge & Understanding

a.1 Identify structure of tax, in general and in Egypt.

a.2 Identify the nature of Salaries and the like.
a.3 Identify the scope of Salaries and the like tax.
a.4 Define the lump tax.
a.5 Explain the cases in which the lump tax is applied.
a.6 Identify the tax treatment of the wages of Daily Workers.
a.7 Identify the nature of revenues of Free and Non- Commercial profession.
a.8 Explain the taxable revenues of Free and Non- Commercial profession that will be subjected
to income tax of Natural persons.
a.9 Identify the nature of revenues of Real Estate Wealth.
a.10 Identify what is meant by revenues of agricultural land property along with stating its tax
a.11 Describe the nature of revenue of Commercial and Industrial Firms.
a.12 Describe the rules applied by the tax authority related to the revenues of current activity.
a.13 Define the General Sales Tax (G.S.T).
a.14 Identify the scope of General Sales Tax.
a.15 Describe the condition of registration within the sales tax department.

b- Professional & Practical skills

b.1 Compute the income tax base of Natural persons.

b.2 Compute the tax base which should be subjected to Salaries and like tax.
b.3 Calculate the tax due paid by the employee per month.
b.4 Compute the tax base of revenues of non commercial profession when the revenues of Non-
Commercial profession are supported by regular books and accounts.
b.5 Calculate the tax due per month to be paid by the natural person upon receiving revenues
of non-commercial professions when the revenues of Non- Commercial profession are
supported by regular books and accounts.
b.6 Compute the total taxable revenues when the revenues of Non- Commercial profession are
not supported by regular books and accounts.
b.7 Calculate the tax base of revenues of non-commercial profession when the revenues of Non-
Commercial profession are not supported by regular books and accounts.
b.8 Compute the net revenues of agricultural land property to be included in the tax base of
income of Natural person.
b.9 Compute the net revenues of leasing of building according to rules of law No.4 of 1996 to
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be included in the tax base of income of Natural person.

b.10 Compute the adjusted accounting net profit.
b.11 Calculate the net value of sales.
b.12 Compute the initial depreciation.
b.13 Compute the tax due that must be turned to sales tax department by producer, wholesaler
and retailer.
b.14 Use the trade discount in determining the value subjected to General Sales Tax (G.S.T).
b.15 Compute the trade discount and cash discount relevant to G.S.T.

c- Intellectual skills

c.1 Explain the difference between tax base, rate, and tax due.
c.2 Compare the tax treatment of royalties, casual commissions which are received by a
c.3 Explain the difference between the tax treatment of Salaries and remunerations of members
of chairman and members of Boards of directors in public sector companies and public business
sector companies, remuneration which a managing director receives in one of the shareholding
companies of the private sector, and remunerations of the control council in limited liability
companies by shares.
c.4 Distinguish between Free profession and non-commercial profession.
c.5 Contrast between revenues resulting from owning an agricultural land and that resulting
from the agricultural exploitation of the land.
c.6 Explain the difference between revenues resulting from owning built realties and that
resulting from leasing buildings.
c.7 Compare between the virtual and actual basis used to determine the tax base of revenues of
Real Estate Wealth.
c.8 Explain how to evaluate the inventory in the industrial firms by solving a related problem.
c.9 Differentiate between normal depreciation and initial depreciation.
c.10 Distinguish between straight-line method and double- declining method.
c.11Differentiate between the accounting bases regarding the deductible costs.
c.12 Differentiate between the personal exemptions and qualitative exemptions relevant to
GST.
c.13 Differentiate between Methods of determining of the value subjected to GST.
c.14 Distinguish between the trade discount and cash discount relevant to GST
c.15 Differentiate between the taxable value for local products and services and imported
products and services relevant to GST.

d- General & Transferable skills

d.1 Communicate clearly by verbal means through class discussion of the assignment in the
tutorial.
d.2 Practice independent learning needed for continuous professional development.

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d.3 Able to practice independent learning based on continuous searching and reading from
textbooks and the internet.
d.4 Demonstrate critical thinking, problem- solving & decision- making abilities.
d.5 Able to demonstrate problem-solving abilities in solving the assignments.
d.6 Retrieve & evaluate information from different sources to improve professional
competencies.

Content
No. of Teaching
Hours
Week Topic Lecture Tutorial
1 Framework of Income Tax of Natural Persons 2 -
2 Salaries and the Like – Part 1 2 2
3 Salaries and the Like – Part 2 2 2
4 Revenues of Non Commercial Profession – Part 1 2 2
5 Revenues of Non Commercial Profession – Part 2 2 2
6 Revenues of Real Estate Wealth – Part 1 2 2
7 Midterm
8 Revenues of Real Estate Wealth – Part 2 2 2
9 Revenues of Commercial and Industrial Firms – Part 1 2 2
10 Revenues of Commercial and Industrial Firms– Part 2 2 2
11 Revenues of Commercial and Industrial Firms– Part 3 2 2
12 General Sales Tax - Part 1 2 2
13 General Sales Tax - Part 2 2 2
14 Revision - -
15 Final Exam - -
16 Final Exam - -
Total 24 22

Learning and teaching methods

Lectures, assignments and tutorials.

Facilities required for teaching & learning

 Lecture hall equipped with microphone, computer, beamer, white board and markers.

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 Availability of lectures presentations on the GUC intranet that are used for data show and
explanation to students during lecture sessions.
 Essential textbooks.

Assessment
Student assessment methods Assessment weighting
Assignments 10%
Quizzes 15%
Class work 5%
Mid-term 30%
Final 40%

Total 100%

References
Recommended Textbook
 Abd El Moniem Moh. Said: Tax Accounting (2): Income Tax of Natural Persons, Ain
Shams Bookshop, 2010. LSBN: 977-204-7241
 Abd El Moniem Moh.Said: Tax Accounting (3), Ain Shams Bookshop, Third Edition,
2007. LSBN: 987-200-7241
Recommended Further Reading
 Jones, M. Sally and Rhoades- Catanach, C. S.: Principles of Taxation for Business
and Investment Planning, 12th Edition, 2009. ISBN: 9781742166032
Relevant Websites
http://www.mof.gov.eg/arabic/Pages/Home.aspx

C- Administrative Information
Course Coordinator Prof. Dr. Hassan Ouda
Signature:

Head of the department

Prof. Dr. Ehab Kamel Abou-Elkheir
Signature:

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Date of department council approval

September, 2016

Course name Taxation

Theoretical Course Matrix Code CTRL 606

Course ILOs covered

Course Topics Week

Knowledge and Practical and Intellectual General and
understanding professional skills transferable
skills skills

Framework of Income 1 a1 b1 c1 d1,d2

Tax of Natural Persons

Salaries and the Like – 2,3 a2,a3,4,a5, a6 b2,b3 c2,c3 d1,d2, d3

Part 1&2

Revenues of Non a7,a8 b4,b5 c4, d1,d2, d4

Commercial 4,5
Profession – Part
1&2
Revenues of Real a9,a10 b8,b9 c5,c6,c7 d1,d2, d4
Estate Wealth – Part 6,8
1&2

Revenues of a11, a12 b10,b11,b12 C8,c9, d1,d2, 4, d5

Commercial and 9,10
c10,c11,c12
Industrial Firms – Part & 11
1,2&3

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Quality Assurance and Accreditation Unit

General Sales Tax -

12,13 a13,a14,a15 C13,c14,c15 d1,d2, 5,
Part 1& 2 B13,b14,b15

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