NOTTINGHAM UNIVERSITY

BUSINESS SCHOOL

TAXATION I
N12M01
2014-2015

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around issues of accessibility/disability please contact the
Module Convenor or the Schools Disability Liaison Officer.

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NOTTINGHAM UNIVERSITY BUSINESS SCHOOL

TAXATION I
N12M01
Programme:

Undergraduate

Semester:

Autumn

Module Convenor:

Ms. Too Shaw Warn

E-mail:

ShawWarn.Too@nottingham.edu.my

Credits & Level:

10 credits, level 2

Prerequisites:

Financial Accounting (N11123)

Method of Delivery 9 weekly 2-hour lectures (week 2-10) plus three 2-hour
& Frequency of
seminars (week 6, 8 & 10).
Class:
Class starts on Monday, September 22nd 2014. Please sign up for a seminar
slot for each round of seminars as soon as possible in the Moodle Virtual
Learning System. Students will be notified in lectures of the preparation
required for seminars.
Method and Criteria One 2-hour exam (100%) consists of Section A and Section B.
of Assessment:
Section A: Answer three compulsory questions (75%)
Section B: Answer one out of two questions (25%)
Module Aims:

To develop knowledge and key skills relating to tax system as applicable to

individuals.

Summary of
Content:

1. Malaysian tax system,

2. income tax liabilities for individuals: income from
employment, business and investment (including capital
allowances, reliefs and rebates),
3. real property gains tax (individuals)
4. obligations of taxpayers (and their agents),
5. tax administration and communication.

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Learning Objectives
& Outcomes:
Knowledge and understanding
This module develops a knowledge and understanding of:
The sources, uses and management of finance.
The use of accounting and other information systems for managerial applications.
Intellectual skills
This module develops:
Effective quantitative problem solving and decision making skills.
Professional practical skills
This module develops:
Numeracy and quantitative skills including data analysis, interpretation and
extrapolation.
Transferable (key) skills
This module develops:
Effective written communication skills in a range of traditional and electronic
media.
Effective self-management in terms of time, planning and behaviour,
motivation, self-starting, individual initiative and enterprise.
Learning to learn and developing an appetite for reflective, adaptive and
collaborative learning.

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TEACHING AND LEARNING STRATEGY

I will use the lecture sessions to introduce topics, and students are expected to develop
supplementary notes from the recommended core text book and additional reading. In addition to
the lectures, there will be workshops in supporting students learning. Workshop content will be
related to the main themes of the module, and the topics to be covered are all relevant to the
assessment of the module. Materials and questions relating to the workshop sessions will be
distributed in advance of the relevant session.
Each 10 credit undergraduate module equates to 100 hours of student work. I suggest the following
as a reasonable allocation of the time to devote to the various learning activities associated with this
module:learning activity

number of hours

Lectures

18

Workshops

Self-study and preparation

46

Exam preparation

30

STUDENTS QUERIES
If you have any questions for me, but are unable to raise these during/after classes, there are
options available to reach me, as follows:

Please drop by my office (Block ELG 24) based on the following consultation hours:
Monday (2pm-4pm)
Wednesday (11am-1pm)
Thursday (11am-1pm)

Please call me at 03-89248781 during the consultation hours as stipulated above.

Please e-mail your questions or request for an appointment if you cant make it during any of
the consultation slots stated above. I will provide an appointment time where appropriate.

READING
Most of the topics covered in the module are dealt with well in the core textbooks:1. Jeyapalan Kassipilai. A Guide to Malaysian Taxation. 2nd. Ed., McGraw Hill, 2013.
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2. Choong Kwai Fatt. Malaysian Taxation - Principles and Practice. 20th Edn., Infoworld, 2014
Please remember that lectures are a starting point in your learning, but it is not sufficient to rely only
on lecture handouts, and sometimes additional reading may be required beyond the issues that we
have covered in lectures.
I would encourage you to read beyond the identified text. There are numerous other sources of
relevant material on taxation. I will identify some additional sources in the week-by-week lecture
handouts and I suggest some further sources below. Occasionally, I will distribute copies of
important readings in class.
James, S & Nobes, C. The Economics of Taxation: Principles, Policy and Practice. 13 th ed., Fiscal
Publications 2013/14

Jeyapalan Kassipilai. A Guide to Advanced Malaysian Taxation. 2nd. Ed., McGraw Hill, 2013.
Vincent Josef. Income Tax Deductions for Businesses Malaysia. 1st edn, CCH Malaysia, 2011

Veerinderjeet Singh. Veerinder on Taxation. 3rd. Ed., CCH Malaysia, 2013

Choong Kwai Fatt. Advanced Malaysian Taxation. 16th Edn., Infoworld, 2014

CCH. Malaysia Master Tax Guide. 31st Ed., CCH Malaysia, 2014

Richard Thornton. The RPGT Handbook: Malaysia. CCH Malaysia, 2014

SCHEDULE OF CLASSES
Class

Date

Topics

No.
(Week)
1
(2)

22 Sep 2014

The Roles and Purposes of tax in an economy

From the perspectives of economic, social and etc.
Types of tax
Tax avoidance, evasion and planning
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29 Sep 2014

(3)

3
(4)

6 Oct 2014
(Public
Holiday)
Replacement:
8 Oct 2014
(4pm-6pm)
(F1A15)

13 Oct 2014

Overview of Malaysian Taxation System

Federal Governments tax revenue

the Inland Revenue Board and taxes under the preview of the IRB

Basis of Malaysian income tax and taxation system in Malaysia

Principal tax laws and practice

Income tax liabilities for individuals

Resident Status of Individuals

Income from employment

Income from self-employment

Income from investment

Employment income
An employment versus self-employment

(5)

Malaysian derived employment income and basis of assessment

Types of employment income
Exempted income
Allowable deductions
5
(6)

20 Oct 2014

Business income

Sole Proprietorship

Partnership

Basis period and year of assessment

Badges of trade

Business income

Business expenses

Capital allowances on plant & machinery

Industrial building allowance

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27 Oct 2014

(7)

3 Nov 2014

(8)

10 Nov 2014

(9)

17 Nov 2014

(10)

Statutory income from business

Investment income

Dividends, interest, rental and etc.

Exempted income

Computation of taxable income and tax liabilities

Taxable income

Personal reliefs under separate assessment and joint assessment

Individual rebates

Approved donations

Income tax liabilities

Individual tax planning

Real property gains tax

Scope of real property gain tax

Disposal gains and losses

Computation of real property gain tax for individuals

Obligations of taxpayers (and their agents)

Self-assessment and return for individuals

Procedures for enquiries, appeals and disputes

Penalties for non-compliance

Tax administration and communication.

Workshop Series
Week 6 (20/10/2014-24/10/2014)
Week 8 (3/11/2014-7/11/2014)
Week 10 (17/11/2014-21/11/2014)
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ASSESSMENT
Final Examination from Jan 5 Jan 16, 2015.
This module is assessed by one two-hour examination.
The paper will contain two sections, Section A (75%) and Section B (25%). Section A will comprise
of 3 compulsory questions, part of which will require some calculation, and the remainder of which
will require an essay-style answer in a closely-related topic area. Section B of the exam will
comprise two essay-style questions, of which only one should be answered. Past semester question
papers can be accessed via Moodle Virtual Learning System.
All work on this module will be marked in accordance with the standard NUBS marking guide in your
2014/2015 Business School Undergraduate Student Handbook.

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