ACCTN306-23B (TGA)

Taxation

15 Points

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The University of Waikato
Academic Divisions
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)

: uwt@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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What this paper is about

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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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How this paper will be taught

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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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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: 2023 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 2023 version of the text will be allowed in the Test Rooms and no other versions will be allowed.

READING LIST

  1. New Zealand tax cases.North Ryde, N.S.W. ; Porirua, N.Z. : CCH Australia; 1974-

  2. Sawyer, A. (2020). The Effectiveness of Tax Reviews in New Zealand: An Evaluation and Proposal for Improvement. Centre for Commercial and Corporate Law Inc.
  3. Slemrod, J. (2022). Group Equity and Implicit Discrimination in Tax Systems. National Tax Journal, 75(1), 201-224.
  4. Smith, A. (1776). An inquiry into the nature and causes of the wealth of nations: Volume One. London: printed for W. Strahan; and T. Cadell, 1776.
  5. Small, Z. (2022, April 26). Government accused of 'planting the seed for increased taxation' with proposed tax principles act. Newshub. Retrieved December 27, 2022, from https://www.newshub.co.nz/home/politics/2022/04/government-accused-of-planting-the-seed-for-increased-taxation-with-proposed-tax-principles-act.htm
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Learning Outcomes

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Students who successfully complete the course 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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Assessments

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How you will be assessed

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Internal Assessment as advised in the Component list in your paper outline. (Test 1: 20%), (Test 2: 20%), (Test 3: 25%) Final Assignment: (25%), Tutorial Assignment: (10%), Assessment Total: 100%), (No Exam).
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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
9 Aug 2023
11:00 AM
20
  • Other: Online Test Submitted Via Moodle
2. Test 2
20 Sep 2023
11:00 AM
20
  • Other: Online Test Submitted Via Moodle
3. Test 3
11 Oct 2023
11:00 AM
25
  • Other: Online Test Submitted Via Moodle
4. Tutorial Assignment
20 Oct 2023
12:00 PM
10
  • Online: Submit through Moodle
5. Assignment
27 Oct 2023
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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