SUSS has offered us Tax modules such as ACC213 Introduction to Income Tax, ACC307 Taxation of Companies and Partnership and ACC309 International Taxation and Tax Planning.
These Tax modules have helped me in many ways during my internship with Deloitte & Touche LLP. Being equipped with the basic knowledge was important as it helped me in understanding my work during my internship. Introduction to Income Tax was the most beneficial to me as it covers the Goods & Services Tax which was the department that I was assigned to. I was able to differentiate and categorise the different transactions into Standard-rated, Zero-rated, Exempt and Out-of-Scope without much difficulties. I also learnt about the different sections and provisions of the Goods and Services Tax Act that provides exceptions to certain transactions which also helped me a lot during my internship.
In Taxation of Companies and Partnership, I learnt about the types of deductions available (general deductions, prohibited deductions, special and further deductions), capital allowances claimable by companies, productivity and innovation credit scheme and more..
As I am still pursuing my degree, I am only going to take International Taxation and Tax Planning module in the coming term. However, I believe that both Taxation of Companies and Partnership and International Taxation would be beneficial to me as well if I would like to pursue a career in other areas of Tax in the future.