SD DOMBO UNIVERSITY OF BUSINESS AND INTEGRATED DEVELOPMENT

STUDIES
SCHOOL OF EDUCATION AND LIFE-LONG LEARNING
DEPARTMENT OF BUSINESS EDUCATION
Instructor & Course Information
Name of Instructor(s) Paul Tongkomah Saayir
Course Code & Title EBS 508: Advanced Taxation
Target Group: M.Ed. Business Education (Accounting)

Office/Telephone: SoELL Room 13 ; 0575545737/0554510813

Overview

This course is intended to build on students’ knowledge from Principle of

Taxation. The objective is to enable students apply the knowledge and principles
acquired on introductory Taxation to solve advanced tax problems and appreciate
the importance of taxation in personal and corporate financial planning as well as
decision making. Students will be exposed to areas including Capital Gain Tax,
Taxation of Rent Income, Corporate Taxation, Taxation of Insurance Business,
Taxation on Natural Resources, Taxation of Partnership, Management of Revenue
Agencies in Ghana and Strategies for Tax Planning & Reducing Tax Exposure and
International Taxation in Ghana

Course Objectives

By the end of the course, students should be able to:

 Explain the requirements and application of capital gains and rent

income tax
 Determine the assessment of income of persons carrying out insurance
business
 Understand the various structures and roles of GRA
 Understand the practice of partnership business, corporate business
and their taxation
 Evaluate the operations of International taxation and double tax
conventions

Expected Skills

By participating fully in the course, students will be equipped with the following
skills:

 Critical thinking
 Organizational
 Time management
 Communication of tax issues
 Research
 Leadership
Mode of Delivery

This course will be taught through lectures, case studies presentations,

discussions and demonstrations with emphasis on student participation and
reflection. Students are advised to read relevant text before coming to class.

Unit outline:

WEEK(S) TOPIC
The Capital Gain Tax
1  Meaning of capital gain tax
 Chargeable assets
 Exclusion from chargeable assets
 Capital gains on stocks and shares
 Determining cost base and special cases in determining cost
base
 Consideration received from the sale of chargeable Income
 Ascertaining Capital gains and losses in Ghana

2 Taxation of Rent Income

 Meaning of rent income
 Sources of rent income
 Taxation of rent income received by individuals in Ghana
 Exemptions from payment of rent income tax
 Realisation of Investment income
3 Corporate Taxation
 Deduction allowed for tax purposes
 Deductions disallowed
 Industry concessions
 Venture capital tax incentives
 Other tax incentives for various business sectors, including
Ghana Investment Promotion centre, Free Zones
enterprises etc
4 Taxation of Insurance Business
 Insurance Terms (reserve for unexpired risk, claims and
premium)
 Taxation of general insurance business
 Taxation of life insurance business
5 Taxes on Natural Resources
 Income tax on mining and petroleum operations
 Deductions allowed and disallowed
 Capital allowances in Mining and Petroleum
 Mineral Royalties
6 Management of Revenue Agencies in Ghana
 GRA and its structures
 Roles of various tax agencies
7 Strategies for tax planning and reducing the tax exposure
 Tax avoidance and Tax Avoidance Schemes
  Tax evasion
 Tax planning

Mode of Assessment
Students learning and progress will be assesses through a Mid-trimester test,
Class participation, Presentations and a Comprehensive assignment which will
form 40% of the assessment. The end of trimester examination which will form 60%
will cover the entire topics treated within the period.

Assessment Marks Allocations

Assignment I 20%
Assignment II 20%
Final Trimester Exams 60%

Course Policies
1. Assignment Rules: Assignment should be submitted on the due date as will
be communicated by course Lecturer

2. Compliance with University Policies: Violation of any University rule (as

stipulated in the students’ Handbook) related to courses will result in a failing
grade on the course and the subsequent appropriate university sanction.
Missing of Tests, Presentation and Assignments: If for any justifiable reason
the student will miss a mid-trimester test, Presentation or fail to submit an
assignment, then the student should get clearance from the lecturer in
advance. Retrospective permissions will not be granted for missed tests and
assignment. An automatic zero will be awarded for missed tests, presentation
and assignments.

3. Attendance: Attendance and active participation are required. You are

expected to read all assigned materials before class and attend every class
session, fully prepared to participate in discussions and activities. Lateness to
lectures will not be countenanced.

4. Class Participation: Participation helps students assess their own

understanding. It is in the interest of all students to participate in class
discussions and ask questions, especially when they are in doubt. Active
participation is therefore encouraged. Students are expected to come to
lectures having thoroughly read the recommended text and solve the
assigned questions. Marks will be awarded to students who engage in active
class participation and contribute to the class discussions and response to
questions.
 5. Code of Conduct: Harassment of any nature or form will not be tolerated in
this class. Students with disabilities will be appropriately accommodated.
Please let me know at the beginning of the semester if you need any
particular assistance.
Note: You are allowed to have your mobile phones on while at lectures.
However, make sure they are either on vibration or on silent mode. You
are entreated to pick your calls OUTSIDE the lecture theatre.

6. Academic Referencing and Style Guide: In your written work you will need
to support your ideas by referring to scholarly literature, works of art and/or
inventions. It is important that you understand how to correctly refer to the
work of others and maintain academic integrity. Failure to appropriately
acknowledge the ideas of others constitutes academic dishonesty
(plagiarism), a matter considered by the University as a serious offence.
The appropriate referencing style for this course is the APA style. For
information on presentation of assignments, including referencing styles refer
to the School of Education Project Work, Thesis and Dissertation guide.

7. Academic Honesty: Academic misconduct includes cheating, plagiarism,

allowing another student to copy work for an assignment or an examination, and any
other conduct by which a student:
i) seeks to gain, for themselves or for any other person, any academic
advantage or advancement to which they or that other person are not entitled;
or
ii) improperly disadvantages any other student.
Graduate students at Department of Business Education, University of Business and
Integrated Development Studies are expected to maintain high standards of integrity
and honesty in all their scholastic work (Student Hand Book).

Reading Lists:
Agalega, E. (2017). Ghana taxation. A comprehensive guide on new tax laws (2nd
ed.). Koforidua: SMK Graphic Publishing House

Ali-Nakyea, A. (2014). Taxation in Ghana, Principles, Practice and Planning (2nd ed.).
Accra: Black Mask Ltd.

Akakpo, V.K.A. (2011). Principles, Concepts and Practice of Taxation (3rd ed.).
Accra: Black Mask Ltd.

Dua-Agyeman, E. (2011). Principles and practice of taxation in Ghana, with

supplementary questions (2nd ed.). Accra: EDA Publishing House

Dua-Agyeman, E. (2005). Income Tax, Gift Tax and Capital Gains Tax, Ghana: EDA
Pub.
Lymer, A & Hancock, D (2001) Taxation Policy and Practice. Thomson Learning
London
Kunbour, B. & Ali-Nakyea, A. (2014). Law of taxation in Ghana (3rd ed.). Accra: Black
MaskPublishing House
Naab, D. D. (2014). Oil, gas and other mineral taxation in Ghana. Accra: BigMike’s
Publishing House
Republic of Ghana (2015) Income Tax Act,2015 (Act 894). Accra: Ghana Publishing
Corporation:

Republic of Ghana (2006) Minerals and Mining Act, 2006 (Act 703). Accra: Ghana
Publishing Corporation

Republic of Ghana (2009). Ghana Revenue Authority Act 2009 (Act 791). Accra:
Ghana Publishing Corporation