Business-Administration - Course - Tax Accounting

  • Course Code: ACCT615
  • Credits: 3
  • Hours Distribution: 3 Lec
  • Course Type: Major Electives (Major E)

Course Description

This course focus is on the income taxation and tax planning for individuals and entities. The goal of this course is to introduce students to the income tax law of Lebanon. The course provides an overview of the following elements of the tax computation: gross income, deductions, credits, property transactions, alternative minimum tax, and employment taxes. While the course Primarily focuses on the income taxation of individuals, the basic treatment of other entities is considered, including the taxation of corporations, partnerships, and limited liability companies. Moreover, it should be emphasized that many of the basic tax rules examined apply to all entities. In addition, a portion of the course is devoted to tax research, enabling students to appreciate the sources of tax law.