Fundamentals of Taxation

Description

Prerequisite: ACT 112 This course provides a comprehensive learning of taxation, delving into essential topics like the income tax formula and various forms of taxes. It thoroughly covers income tax principles, offering insights into self - employment income, capital gains, and property sales. Moreover, the course discusses income sources and exclusions, including employment -related, human capital -related, and investment -related exclusions. The course also includes a detailed analysis of value-added tax (VAT) and corporate tax in the UAE.