Institute of Certified Tax Accountants (ICTA) → Post-Graduate Diploma in Applied Taxation (Professional Conversion Programme)

Tax Compliance, Tax Planning and Tax Policy (PCP102)


Description
This section of your studies is the backbone of the course. It covers most of the literature found in taxation including international and Zimbabwean taxation system. While most of the literature is bulky, a student is encouraged to familiarize himself or herself to the extent of at least 80%. This calls for serious reading and writing your own personal notes to assist you. There isn't much of spoon feeding for this section of your course. The student is also encouraged to familiarize himself or herself with the latest tax updates and rates of taxes.
Content
  • ZIMRA PUBLIC NOTICES
  • Public Notice No. 1/2021: Issuance of the 2021 Tax Clearance Certificates
  • Public Notice No. 2/2021: Head Office postponement advert
  • Public Notice No. 3/2021: Traffic zones restriction on heavy vehicles
  • Public Notice No. 4/202: Request for Receipts after transacting
  • Public Notice No. 6/2021: Reminder on the Submission of ITF16 for 2020 Tax Year
  • Public Notice No. 7/2021: Issuance of the 2021 Tax clearance certificates ITF263
  • Public Notice No. 8/2021: On ZIMRA e-services
  • Public Notice No. 9/2021: Return Submission & Payment Due 10 February 2021
  • Public Notice No. 11/2021: Issuance Of Tax Clearance Certificates for Year 2021
  • Public Notice No. 14/2021: Implementation of Automated E-Road Cargo Manifest
  • Public Notice No. 15/2021: Automatic Issuance of ITF263 for Year 2021
  • Public Notice No. 17/2021: Return submission & payment due 10 March 2021
  • Public Notice No. 18/2021: Delivery of fiscal devices after purchase
  • Public Notice 18/2021: Delivery of fiscal devices by approved suppliers after
  • Public Notice 20 of 2021: First Quarter Provisional Income Tax
  • Public Notice 22/2021: Returns & Payment of VAT for Clients In VAT Category B&C
  • Tax Legislation & Other Statutes
  • Income Tax Act Chapter 23-06 - Updated (Zimbabwe)
  • Income Tax Transitional Period Provisions Act Chapter 23-07 - Updated (Zimbabwe)
  • 2019 Finance Act No. 2 No. 7
  • Capital Gains Tax Act Chapter 23-01 (Zimbabwe)
  • Estate Duty Act Chapter 23-03 - Updated (Zimbabwe)
  • Value Added Tax Act Chapter 23 -12 (Updated - Zimbabwe)
  • ZIMRA Transfer Pricing Practice Notes
  • S. I. 109 of 2019 - Tax Transfer Pricing Documentation Regulations
  • Global Taxation Literature
  • OECD/G20 Base Erosion and Profit Shifting Project
  • Commentary | Model Tax Convention on Income and on Capital
  • OECD Transfer Pricing Guidelines for Multinational Enterprises & Tax Admin
  • OECD Model Tax Convention 2017 Key Tax Features 2019 Version
  • TAXATION OF INDIVIDUAL PERSONS
  • Background of Employment & Payroll Taxes
  • Payroll Taxes & PAYE Explained
  • Gross income inclusion - Individuals
  • Exemptions Individuals
  • Contract of employment
  • Tax Concessions for Eldely
  • Taxation of International Executives
  • Tax Returns and Payment of Taxes
  • Form ITF1A - Return by an individual
  • TAXATION OF INDIVIDUAL PERSONS ASSIGNMENT
  • CORPORATE TAXATION
  • Introduction to Corporate Taxation
  • General business regulations
  • Taxation System
  • Overview of Corporate Tax
  • Taxation of business and investment income
  • Gross income
  • Exemptions
  • Allowable and Prohibited Deductions
  • Capital Allowances
  • Taxation of Partnership
  • Taxation of Farmers
  • Taxation of Miners
  • CORPORATE TAX ASSIGNMENT
  • Corporate Tax Assignment
  • Corporate Tax Calculation
  • Value added tax
  • History of Value Added Tax
  • Glossary of Terms and Explanatory Notes
  • Key Definitions - Interpretations (Section 2)
  • Mechanics of Value Added Tax
  • Background & Introduction
  • VAT Regulations - General Regulations
  • Rates of VAT
  • General Operational Aspects of VAT (Section 6)
  • Supplies
  • Time & Value of Supply
  • Special Supplies
  • Importation & Exportation of Goods
  • Imported Services (Section 13)
  • Accounting for VAT (Section 14)
  • Permissible and Prohibited Deductions
  • Adjustments (Section 17)
  • Sale of A Business as A Going Concern (Section 18)
  • Pre-Incorporation Expenses (Section 19)
  • Irrecoverable Debts (Section 22)
  • VAT Registration Requirements
  • Cancellation of Registration (Section 24)
  • Deferment of VAT
  • Tax Periods (Section 27)
  • VAT Assessments (Section 31) (3)
  • Agents and Auctioneers (Section 56)
  • Objections, Appeals & Refunds
  • VALUE ADDED TAX ASSIGNMENT
  • Value Added Tax Assignment
  • Customs & Excise Taxes
  • Introduction
  • Customs Clearance Procedures
  • Trade Agreements
  • Customs Rebates
  • ASYCUDA world
  • Licensing of Clearing Agents
  • Authorized Economic Operator (AEO) Programme
  • Trade Agreements
  • Trade Policies and Practices by Measure
  • Case - Care International Zimbabwe V ZIMRA
  • Customs & Excise Tax Assignment
  • Customs & Excise Tax Assignment
  • Transfer Pricing
  • Transfer Pricing Overview
  • Arms Length Principle
  • Transfer Pricing Methods
  • Tax Authority Reactions
  • Intragroup Services
  • International Perspective
  • Transfer Pricing Legislation (Zimbabwe)
  • International Developments & Trends In Transfer Pricing
  • Overview of the OECD Model
  • Comparability Analysis
  • OECD TP Guidelines - Multinational Enterprises & Tax Administration - July 2017
  • Developing Capacity in BEPs and Transfer Pricing
  • Special Issues Related to Transfer Pricing
  • ZIMRA Transfer Pricing Practice Notes
  • S. I. 109 of 2019 - Tax Transfer Pricing Documentation Regulations
  • (ITF 12C2) TP Return for International and Domestic TP Transactions
  • TRANSFER PRICING ASSIGNMENT
  • Transfer Pricing Assignment
  • Module Two (2) Assessement Examination
  • Module Two (2) Assessement Examination
Completion rules
  • All units must be completed
Prerequisites