Yakili | Lowersixth Commercial TIMS Principles and Practice of Taxation

Course / Course Details

Lowersixth Commercial TIMS Principles and Practice of Taxation

By - Michael Rolex
0 students
166 Hours 40 Min
(0)

Course Requirements

The course for Cameroon Lower Sixth Commercial Taxation and Information Management Systems (TIMS) Principles and Practice of Taxation on the Yakili app must provide a fundamental understanding of the theoretical principles of taxation and their practical application within the context of Cameroonian tax law, particularly concerning individuals and small-to-medium enterprises (SMEs). This subject is essential for future accountants, finance managers, and entrepreneurs.

The syllabus must balance the classical theory of taxation with the practical application of calculating and managing local taxes.

Core Modules for Lower Sixth Taxation

Module	Key Topics (Examples)	Application Focus
1. Fundamentals and Principles of Taxation	Definition and Objectives of Taxation (revenue, regulation, redistribution). Canons of Taxation (Equity, Certainty, Economy, Convenience - Adam Smith's principles). Sources of Tax Law (General Tax Code, Finance Law).	Understanding the legal and economic justification for taxation.
2. Types and Classification of Taxes	Direct Taxes (Income Tax, Corporate Tax) vs. Indirect Taxes (VAT, Customs Duties). Tax Systems (Progressive, Regressive, Proportional). Tax burden and incidence.	Differentiating tax types and understanding their impact on the economy.
3. Income Tax on Individuals (Personal Income Tax)	Taxable and Non-Taxable Income. Deductions and Allowable Expenses. PAYE (Pay-As-You-Earn) system for salaried employees. Basic computation of tax liability.	Calculating the basic tax obligation for salaried and small business owners.
4. Introduction to Corporate Income Tax (CIT)	Taxation Regimes in Cameroon (Flat Rate, Simplified, Actual Earnings) based on turnover. Determination of Taxable Income (basic adjustments to accounting profit/loss). CIT rates for different enterprise sizes.	Understanding how business profits are taxed based on the enterprise size/regime.
5. Value Added Tax (VAT) in Practice	Definition and Rationale of VAT. Standard VAT Rate (19.25% in Cameroon). Input Tax (on purchases) vs. Output Tax (on sales). Basic calculation of VAT payable/refundable. Exemptions.	Managing VAT and preparing simple monthly VAT declarations.
6. Tax Administration and Compliance	Taxpayer Obligations (registration, declarations, payment deadlines). Consequences of Non-Compliance (penalties, fines). Tax Evasion vs. Tax Avoidance. Role of the tax administration (DGI).	Ensuring legal compliance and managing basic administrative requirements.

The course needs practical calculation tools and legally current information.

Tax Calculation Simulator: An interactive tool where students can input salary figures, deductions, or sales/purchase VAT amounts, and the system automatically computes the net tax payable (PIT or VAT) based on the current Cameroonian tax code structure.
Case Studies: Provide scenario-based problems (e.g., a small sole proprietorship's financial statements) and require students to determine the correct taxation regime and calculate the preliminary corporate tax liability.
Tax Form Templates: Provide sample, simplified templates of common Cameroonian tax declaration forms (e.g., VAT return forms) for practice in filling them out correctly.
Legislation Updates: Use footnotes or embedded notes to remind students that tax laws (rates, thresholds) are subject to annual change via the Finance Law.
Concept Quizzes: Quizzes that test the conceptual differences between the Canons of Taxation and the types of tax systems (e.g., progressive vs. proportional).

Course Description

This Yakili online course, developed for the Cameroon GCE Advanced Level Commercial stream TIMS (Techniques Informatiques et Managériales et de Secrétariat) syllabus, provides a critical foundation in Principles and Practice of Taxation, essential for any student pursuing commerce, accounting, or business. The course balances the theoretical Canons of Taxation (e.g., equity, certainty) with the practical application of Cameroonian tax law, specifically focusing on the structure and administration of the national tax system. Key areas covered include the classification of taxes (Direct vs. Indirect), detailed calculation of Personal Income Tax (PIT), understanding the different Corporate Income Tax (CIT) regimes (Flat Rate, Simplified, Actual Earnings) based on turnover, and the management and calculation of Value Added Tax (VAT) (Input vs. Output Tax). Delivered through practical case studies, tax calculation simulators, and simplified declaration form templates, this course ensures students understand their taxpayer obligations, differentiate between tax evasion and avoidance, and are equipped with the foundational knowledge to manage compliance for individuals and small businesses.

Course Outcomes

Upon completion, the student will be able to:

Tax Principles: $\checkmark$ Explain and critique the fundamental Canons of Taxation and differentiate between various tax types and systems (direct vs. indirect, progressive vs. proportional).
Individual Income Tax (PIT): $\checkmark$ Calculate the basic Personal Income Tax (PIT) liability for salaried individuals using the PAYE system and for simplified self-employed cases.
Corporate Tax Basis: $\checkmark$ Identify the appropriate Taxation Regime (Flat Rate, Simplified, or Actual Earnings) for a given business and determine the basic Taxable Income for Corporate Income Tax (CIT) purposes.
VAT Compliance: $\checkmark$ Calculate the net Value Added Tax (VAT) liability or refund for a business and understand the required monthly declaration procedures.
Compliance and Ethics: $\checkmark$ Distinguish between tax evasion and tax avoidance and explain the essential taxpayer obligations and the consequences of non-compliance under Cameroonian law.