Business Taxation

Course Objectives

Upon completion of this course you will:

  • Understand the reasons why the tax aspects of any business transaction should never be overlooked
  • Distinguish between the different types of business taxes
  • Know what triggers corporate income tax liability for a business
  • Determine taxable income for a business with operations abroad using corporate income tax territoriality rules
  • Determine the corporate income tax liability of a business in simple cases
  • Understand VAT mechanisms
  • Apply basic VAT rules to determine how much VAT can be recovered on purchases by a partially liable business (such as a financial institution)

Course Content

  1. Introduction: what is the role of a tax manager in a multinational company?
  2. Overview of business taxes
  3. Corporate income tax: Taxable entities, taxable business income
  4. Value added tax: mechanism and recoverability for partially liable businesses.