Taxation (TX)

Note: The following learning applies to the Botswana (BWA) exam variant.

Students will be able to:

• Explain the operation and scope of the tax system and the obligations of tax payers and/or their agents and the implications of noncompliance.
• Explain and compute the income tax liabilities of individuals.
• Explain and compute the tax liabilities of companies.
• Explain and compute the chargeable gains arising on companies and individuals
• Explain the operation and scope of the system of withholding taxes.
• Explain and compute the effects of value added tax on incorporated and unincorporated businesses.

Note: The following learning applies to the China (CHN) exam variant.

Students will be able to:

• Explain the operation and scope of the PRC tax system and its administration 
• Explain and compute the income tax liabilities of individuals
• Explain and compute the corporate income tax liabilities of enterprises 
• Explain and compute the effects of land appreciation tax for individuals and Enterprises
• Explain and compute the effects of value added tax, consumption tax and customs duty for individuals and enterprises.

Note: The following learning applies to the Cyprus (CYP) exam variant.

Students will be able to:

• Explain the operation and scope of the tax system and the obligations of taxpayers and/or their agents
• Explain and compute the income tax liabilities of individuals
• Explain and compute the corporation tax liabilities of individual and groups of companies
• Explain and compute the special contribution for the defence (SCD) liabilities of individuals and companies
• Explain and compute the capital gains tax liabilities of Individuals and companies
• Explain and compute the effect of social insurance contributions on employees, employers and the self employed
• Explain and compute the effects of value added tax on incorporated and unincorporated businesses.

Note: The following learning applies to the Czech Republic (CZE) exam variant.

Students will be able to:

• Explain the operation and scope of the tax system and the obligations of tax payers and/or their agents and the implications of non-compliance
• Explain and compute the income tax liabilities of individuals
• Explain and compute the corporate income tax liabilities of companies
• Explain and compute the effects of value added tax on incorporated and unincorporated businesses.

Note: The following learning applies to the Hong Kong (HKG) exam variant.

Students will be able to:

• Explain the operation, scope and functions of the tax system, and the rights and obligations of taxpayers and/or their agents/employers and the implications of non-compliance and the rights and powers of the taxing authorities in the context of tax assessment, tax collection and tax recovery
• Explain and compute the salaries tax liabilities of individuals, including employees, office holders and pension-earners
• Explain and compute the profits tax liabilities of incorporated and unincorporated businesses, either resident or non-resident
• Explain and compute the property tax liabilities of property income earners
• Explain and compute the tax liabilities under personal assessment.

Note: The following learning applies to the Hungary (HUN) exam variant.

Students will be able to:

• Explain the operation and scope of the tax system and the obligations of tax payers and/or their agents and the implications of non-compliance. 
• Explain and compute the income tax liabilities of individuals
• Explain and compute the corporation tax liabilities of individual companies 
• Explain and compute the effect of social security contributions on employees and employers
• Explain and compute the effects of value added tax on incorporated and unincorporated businesses
• Explain and compute the tax payable on company cars
• Explain and compute the tax payable to local municipalities.

Note: The following learning applies to the Ireland (IRL) exam variant.

Students will be able to:

• Explain the operation and scope of the tax system and the obligations of tax payers and/or their agents and the implications of non-compliance. 
• Explain and compute the income tax liabilities of individuals
• Explain and compute the corporation tax liabilities of individual companies and groups of companies
• Explain and compute the chargeable gains arising on companies and individuals
• Explain and compute the taxation of residential property
• Explain and compute the effect of social insurance and universal social charge on employees, employers and the self employed
• Explain and compute the effects of value added tax on incorporated and unincorporated businesses.

Note: The following learning applies to the Lesotho (LSO) exam variant.

Students will be able to:

• Explain the operation and scope of the tax system and the obligations of taxpayers and/or their agents, and the implications of non-compliance 
• Explain and compute the income tax liabilities of individuals
• Explain and compute the corporation tax liabilities of companies
• Explain and compute the chargeable gains arising on companies and individuals 
• Explain and compute the effect of fringe benefits tax
• Explain and compute the effects of value added tax on incorporated and unincorporated businesses.

Note: The following learning applies to the Malawi (MWI) exam variant.

Students will be able to:

• Explain the operation and scope of the tax system and the obligations of tax payers and/or their agents and the implications of non-compliance. 
• Explain and compute the income tax liabilities of individuals
• Explain and compute the income tax liabilities of companies
• Explain and compute the chargeable gains arising on companies and individuals
• Explain and compute fringe benefits tax on employee benefits
• Explain and compute tax as it affects special trades and cases
• Explain and compute the effects of indirect taxes, value added tax and custom and excise duties on incorporated and unincorporated businesses.

Note: The following learning applies to the Malaysia (MYS) exam variant.

Students will be able to:

• Explain the operation and scope of the tax system and the obligations of taxpayers, taxable persons, employers and/or their agents and the implications of non-compliance
• Explain and compute the income tax liabilities of individuals
• Explain and compute the income tax liabilities of companies
• Explain and compute real property gains tax
• Explain and compute goods and services tax (GST).

Note: The following learning applies to the Malta (MLA) exam variant.

Students will be able to:

• Explain the operation and scope of the tax system and the obligations of taxpayers and/or their agents and the implications of non-compliance 
• Explain and compute the income tax liabilities of individuals
• Explain and compute the corporate income tax liabilities of individual companies and groups of companies
• Explain and compute the tax liabilities arising on the disposal of capital assets by companies and individuals
• Explain and compute the effect of social security contributions on employees, employers and the self employed
• Explain and compute the effects of value added tax on incorporated and unincorporated businesses.

Note: The following learning applies to the Pakistan (PKN) exam variant.

Students will be able to:

• Explain the operation and scope of the tax system and tax administration and the rights and obligations of taxpayers and/or their representatives and the implications of non-compliance.
• Explain and compute the income tax liabilities of individuals and unincorporated bodies
• Explain and compute the income tax liabilities of companies
• Explain and compute the capital gains of individuals, unincorporated bodies and companies
• Explain and compute the effects of sales tax on incorporated and unincorporated businesses.

Note: The following learning applies to the Poland (POL) exam variant.

Students will be able to:

• Explain the operation and scope of the tax system and the obligations of taxpayers and/or their agents and the implications of non-compliance 
• Explain and compute the income tax liabilities of individuals
• Explain and compute the corporate income tax liabilities of individual companies
• Explain and compute the effect of social security and health service contributions on employees, employers and the self employed
• Explain and compute the effects of value added tax on incorporated and unincorporated businesses.

Note: The following learning applies to the Romania (ROM) exam variant.

Students will be able to:

• Explain the operation and scope of the tax system and the obligations of tax payer and/or their agents and the implications of non-compliance
• Explain and compute the income tax liabilities of individuals
• Explain and compute the corporate income tax liabilities of companies
• Explain and compute the effect of national social security, unemployment, health care and other similar contributions on employees, employers and the self employed
• Explain and compute the effects of value added tax on incorporated and unincorporated businesses.

Note: The following learning applies to the Russia (RUS) exam variant.

Students will be able to:

• Explain the operation and scope of the tax system and its administration
• Explain and compute the income tax liabilities of individuals in their capacity as individual entrepreneurs and employees
• Explain and compute the corporate profits tax liabilities of Russian legal entities
• Explain and compute the effects of value added tax on incorporated businesses
• Explain and compute the effect of insurance contributions on employees, employers and individual entrepreneurs
• Explain and compute the corporate property tax liability of Russian legal entities.

Note: The following learning applies to the Singapore (SGP) exam variant.

Students will be able to:

• Explain the operation and scope of the tax system and the obligations of tax payers and/or their agents and the implications of non-compliance. 
• Explain and compute the income tax liabilities of individuals
• Explain and compute the corporate income tax liabilities of individual companies and groups of companies
• Explain and compute the effect of goods and services tax on incorporated and unincorporated businesses.

Note: The following learning applies to the South Africa (ZAF) exam variant.

Students will be able to:

• Explain the operation and scope of the tax system and the obligations of tax payers and/or their agents
• Explain and compute the income tax liabilities of individuals
• Explain and compute the income tax liabilities of companies
• Explain and compute the chargeable capital gains arising on companies and individuals
• Explain and compute the effects of value added tax on incorporated and unincorporated businesses.

Note: The following learning applies to the United Kingdom (UK) exam variant.

Students will be able to:

• Explain the operation and scope of the tax system and the obligations of tax payers and/or their agents and the implications of non-compliance
• Explain and compute the income tax liabilities of individuals and the effect of national insurance contributions (NIC) on employees, employers and the self-employed
• Explain and compute the chargeable gains arising on individuals
• Explain and compute the inheritance tax liabilities of individuals
• Explain and compute the corporation tax liabilities of individual companies and groups of companies
• Explain and compute the effects of value added tax on incorporated and unincorporated businesses.

Note: The following learning applies to the Vietnam (VNM) exam variant.

Students will be able to:

• Explain the operation and scope of the Vietnamese tax system and the obligations of tax payers and the implications of non-compliance
• Explain and compute the personal income tax liabilities of individuals 
• Explain and compute the corporate income tax liabilities of both domestic and foreign owned companies
• Explain and compute the tax liabilities arising under the regime applicable to foreign contractors
• Explain and compute the effects of value added tax on businesses.
  

Note: The following learning applies to the Zimbabwe (ZWE) exam variant.

Students will be able to:

• Explain the operation and scope of the tax system and its administration 
• Explain and compute the income tax liabilities of individuals
• Explain and compute the corporation tax liabilities of individual companies and groups of companies
• Explain and compute the capital gains tax liabilities of individuals and companies
• Explain and compute the effect of national social security (NSSA) and pension/benefit fund contributions on employees, employers and the self employed
• Explain and compute the effects of value added tax on incorporated and unincorporated businesses.