ACC201TAXATION 1

Taxation 1 introduces students to the basic principles and practices of taxation, with a focus on the structure and administration of tax systems. The course explores key concepts such as the purpose of taxation, types of taxes (direct and indirect), tax authorities, and the legal framework governing tax operations. Emphasis is placed on understanding income tax, value-added tax (VAT), and withholding tax, particularly as they relate to individuals and businesses.

Students will learn how to compute basic tax liabilities, complete standard tax forms, and comply with regulatory requirements. The course also examines the roles of taxpayers, tax consultants, and government agencies in promoting fiscal responsibility. By the end of this course, students will have a foundational grasp of how taxation supports national development and will be prepared to apply basic tax principles in both academic and real-world contexts.