This course introduces the principles of individual and corporate tax systems in non-Islamic world. It introduces also the principles of Islamic System of Taxation (Zakat). It covers sources of income, measurement of taxable income, taxation (Zakat) rates, taxation exemption, and the role of government in collecting taxes and zakat. It describes the methods of financial recording and reporting of tax – and zakat transactions in enterprises.
Course ID: ACCT 403
|Credit hours||Theory||Practical||Laboratory||Lecture||Studio||Contact hours||Pre-requisite||4.50||4||4||ACCT 315|