PUBA4301 | THE PALESTINIAN TAX SYSTEM

The definition of taxes: their nature, how to distinguish among the various types of taxes; how tax is calculated, and how it is accounted for. The tax law implemented in the Palestinian Authority jurisdiction. Practical case studies on how to apply main concepts will be provided. the individual income tax its concept, its various types, The legislative sources for taxation, Taxable income, Tax exemptions and reduction, Procedures for calculating personal incorporated firms, Affiliations (tadamun), Corporate taxation, Ways to convert accounting profit to taxing profits, Procedure of figuring out income tax and various steps of collecting tax, Fines, Value Added Tax (VAT), Property tax, Dual taxing and how to deal with it, and Investment promotion Law. practical hands on approach and cases according to the Palestinian tax law.