This course is relevant to those of you who wish to practise tax in Gibraltar.
The University of Gibraltar will be running this course on a part-time basis. It commences on 12th January 2023 and sessions will take place once a week (Thursdays) from 9:00 – 11:00 in our main campus. Additional workshops will be delivered on Fridays from 9:00-11:00 and interspersed throughout the delivery of the course.
The course will comprise:
The course will cover all aspects of Gibraltar taxation and is intended to provide comprehensive technical knowledge of current Gibraltar tax legislation, its application and also help to develop the ability to effectively navigate through and interpret the Income Tax Act and the various rules and regulations.
Upon successful completion of this course you will be awarded a Professional Certificate of Competence in Gibraltar Tax from the University of Gibraltar.
The 2022/2023 topics for the proposed course provision below:
|1||Introduction||General introduction to the Income Tax Act 2010, Regulations & Rules|
|2||Introduction||Overview of liability to tax; bases of assessment and payment of tax; outline of assessable and taxable income|
|3||Personal Taxation||Assessable income and exempt income|
|4||Personal Taxation||Allowances, deductions and exemptions|
|5||Personal Taxation||Allowances, deductions and exemptions – continuation|
|6||Personal Taxation||Bases of assessments; Reliefs|
|7||Personal Taxation||Non-residents; Pay As You Earn|
|8||Personal Taxation||Self-employment; Partnerships|
|9||Personal Taxation||Assessments; Payment of tax; Returns|
|10||Personal Taxation||Trusts / Foundations|
|Personal Taxation||Mid-term examination|
|11||Personal Taxation||Special category of individuals; Deceased persons; Benefits in Kind|
|12||Corporate Taxation||The charge to tax; Basis of assessment|
|13||Corporate Taxation||Accounting periods; Payment of tax|
|14||Corporate Taxation||Ascertainment of profits or gains; Business entertaining|
|15||Corporate Taxation||Capital allowances|
|16||Corporate Taxation||Utilities; Companies who abuse their dominant position; Construction subcontractors; company wound up; Branches;|
|17||Corporate Taxation||Returns and assessments; Corporate tax computations|
|18||Corporate Taxation||Dividends; other provisions affecting companies|
|19||General||Anti-avoidance; tax ruling procedures|
|20||General||Appeals; Postponement of tax; tribunal; Offences; Penalties; Surcharges; Parent-Subsidiary Company Directive; Pensions; Annuities; Sundry matters|
Note: The sequence in which each topic will be covered and the contents of each session may be subject to change. The overall content of the course will, however, not change. Throughout the course, participants will undertake case studies as a means of revision and as a basis for discussion of specific issues with a view to improving their understanding of the relevant topics.