ACCTN306-22B (HAM)

Taxation

15 Points

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Division of Management
School of Accounting, Finance and Economics

Staff

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Convenor(s)

Murugesh Arunachalam

Murugesh Arunachalam
9287
MSB.3.04
See Moodle
murugesh.arunachalam@waikato.ac.nz

Lecturer(s)

Murugesh Arunachalam

Murugesh Arunachalam
9287
MSB.3.04
See Moodle
murugesh.arunachalam@waikato.ac.nz

Administrator(s)

: maxine.hayward@waikato.ac.nz

Placement/WIL Coordinator(s)

Tutor(s)

Student Representative(s)

Lab Technician(s)

Librarian(s)

: yilan.chen@waikato.ac.nz

You can contact staff by:

  • Calling +64 7 838 4466 select option 1, then enter the extension.
  • Extensions starting with 4, 5, 9 or 3 can also be direct dialled:
    • For extensions starting with 4: dial +64 7 838 extension.
    • For extensions starting with 5: dial +64 7 858 extension.
    • For extensions starting with 9: dial +64 7 837 extension.
    • For extensions starting with 3: dial +64 7 2620 + the last 3 digits of the extension e.g. 3123 = +64 7 262 0123.
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Paper Description

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This paper educates students about the main statutes and policy in New Zealand taxation. It also addresses the importance of taxation in business decisions, the calculation of income tax obligations and the preparation of tax returns.



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Paper Structure

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This paper is offered in FLEXI mode which means there are some flexible aspects of this paper that can be completed online. For those taking the paper online, please note there are some elements (outlined below) that require you to be online at specified times.

  • Lectures: Lectures will be run synchronously, if you are not on campus then you will be expected to attend via Zoom at the same time.
  • Tutorials: The tutorials commence from the second week of Semester.
  • Office Hours: Office hours are available in person or via Zoom (see office hours in the Paper Convenor Block).
  • Assessments: All Test assessments are face to face (or via Moodle (Zoom supervised) if you have specified yourself as an online student)

As long as COVID regulations allow, students are strongly encouraged to attend sessions in person at the Hamilton campus. The teaching philosophy of this paper benefits most from in-person interaction with lecturers and fellow students. However, for those students who are not in Hamilton or need to self-isolate, a FLEXI option is offered. Students can join sessions online via Zoom. Whether you attend in-class or on Zoom, sessions are synchronous**, meaning that you need to be present and participate during the scheduled slot. Although sessions are recorded, group activities cannot be recorded and much of your learning will happen during these activities.

Any changes to the paper's structure necessitated by a change in COVID regulations or a lecturer having to self-isolate will be communicated in Moodle and via announcements.

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Learning Outcomes

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Students who successfully complete the paper should be able to:

  • 1. Understand and explain the fundamental principles underpinning taxation, the New Zealand Tax System including Tax Administration by IRD and New Zealand Tax Residence.
    Linked to the following assessments:
  • 2. Understand and explain the implications for New Zealand taxation in relation to different ownership structures in New Zealand including Sole-Proprietorship Partnership, Companies and Trusts
    Linked to the following assessments:
  • 3. Interpret, apply and communicate their understanding of Goods and Services Tax calculations and the regulatory basis as well as prepare and present a practical GST scenario and related returns
    Linked to the following assessments:
  • 4. Interpret, apply and communicate their understanding of Income Tax calculations and the regulatory basis as well as prepare and present a practical Income Tax scenario and related returns
    Linked to the following assessments:
  • 5. Understand and explain the implications of Tax Avoidance, Tax Evasion, Dispute Resolution Process and Penalties, Interests and Offences
    Linked to the following assessments:
  • 6. Undertake research in relation to issues in New Zealand Taxation and/or issues in Taxation of other jurisdictions.
    Linked to the following assessments:
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Assessment

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Assessment Components

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The internal assessment/exam ratio (as stated in the University Calendar) is 100:0. There is no final exam. The final exam makes up 0% of the overall mark.

The internal assessment/exam ratio (as stated in the University Calendar) is 100:0 or 0:0, whichever is more favourable for the student. The final exam makes up either 0% or 0% of the overall mark.

Component DescriptionDue Date TimePercentage of overall markSubmission MethodCompulsory
1. Test 1
11 Aug 2022
2:00 PM
20
  • Other: Online test submitted via Moodle
2. Test 2
22 Sep 2022
2:00 PM
20
  • Other: Online Test Submitted Via Moodle
3. Test 3
20 Oct 2022
2:00 PM
25
  • Other: Submit hard copy to lecturer in supervised test
4. Tutorial Assignment
28 Oct 2022
5:00 PM
10
  • Hand-in: In Tutorial
5. Final Assignment
31 Oct 2022
12:00 PM
25
  • Online: Submit through Moodle
Assessment Total:     100    
Failing to complete a compulsory assessment component of a paper will result in an IC grade
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Required and Recommended Readings

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Required Readings

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1. Prescribed Statutes: As Reprinted and annotated in:
i) Income Tax Act 2007 New Zealand Tax Legislation for students:
ii) Income Tax Amendment Acts Income Tax Act 2007 and other legislation. 2019 Edition CCH
iii) Goods and Services Tax Act 1985 (Reprinted)
iv) Goods and Services Tax Amendment Acts

2. Prescribed Text: 2022 New Zealand Master Tax Guide. Auckland, CCH New Zealand Ltd.

NB Personal copies of the above statutes and MTG are the only written materials permitted to be used by students at tests (as and when relevant). But in order to be eligible such copies must be free of any added annotations, except as to identity of owner and emphasis markings. STAFF WILL BE OBLIGED TO IMPOUND INFRINGING COPIES: therefore, upon detection, any offending student would be required to sit the relevant paper without the benefit of the statutes. Only the 2022 version of the text will be allowed in the Test Rooms and no other versions will be allowed.

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Recommended Readings

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  • New Zealand Income Tax Law and Practice
  • New Zealand Tax Cases
  • Chartered Accountants Journal of New Zealand
  • Staples’ Guide to New Zealand Tax Practice, Mancer & Veal, Brookers Current Ed.
  • NZ Taxation current edition, Alley, Maples, Veal and Polson Higgs & Co, Thomson Brookers
  • Taxation Education Office publications
  • Technical Information Bulletin publications
  • The Independent
  • The National Business Review
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Other Resources

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Moodle is a website for access to relevant information for papers and databases.

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Online Support

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If you require online support for Moodle please email ITS at: ITShelp@waikato.ac.nz
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Workload

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3x I hour Lectures per week

1x 1 hour Tutorial per week (starting second week)

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Linkages to Other Papers

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Prerequisite(s)

Prerequisite papers: One of ACCTN202, ACCT202, ACCT224, MNGT221 or ACCT324

Corequisite(s)

Equivalent(s)

Restriction(s)

Restricted papers: ACCT351

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