Tax Accounting ACNE 3311

Course description:

This course is a study of the concepts of tax, and its effect in the society and the different types of tax imposed, tax characteristics, conditions for imposing income tax on individuals and institutions, and conditions for exempting others from paying taxes. This course discusses in details the rules for income tax, and value added tax.

Course Aims:

  • Identify the major types of Tax.
  • Identify the major characteristics of Tax.
  • Understand the income concepts and how they aid in determining which items constitute gross income for tax purposes.
  • Understand the definition of taxable income and other commonly used tax term.
  • Calculate the taxable income for individuals and partnerships taxpayers and the personal deductions.
  • Make the distinction between tax avoidance and tax evasion.   
  • Understand the Palestinian Income Tax Law no: 17 of 2004.
  • Understand the deductions, exemptions & Fines.
  • Understand the adjusted Palestinian Income Tax Law: 2008.
  • Understand the VAT concepts and its major characteristics, and how to calculate value added tax and make distinction between VAT and Income Tax.


Course outcomes:

Upon completion of this course, the student should be able to:
  • Identify the major types of Tax.
  • Identify the major characteristics of Tax.
  • Understand the income concepts and how they aid in determining which items constitute gross income for tax purposes.
  • Understand the definition of taxable income and other commonly used tax term.
  • Compute the taxable income for individuals and partnerships taxpayers and the personal deductions.
  • Distinct between tax avoidance and tax evasion.   
  • Clarify the Palestinian Income Tax Law no: 17 of 2004.
  • Distinct the deductions, exemptions & Fines.
  • Understand the ModifiedIncome Tax Law issued in 2008.
  • Demonstrate the VAT concepts and its major characteristics, and how to calculate value added tax.