Knowledge

The student...

has basic knowledge of the tax system and its dynamics, including the importance of taxes for financing public activity and the consequences for the economic transactions by persons and companies
has knowledge of the taxes on income and fortune, including knowledge of the tax subjects
has knowledge regarding the determination of the net tax base for the tax on fortune, the net tax base for income tax (ordinary income), including knowledge of which types of gross income is considered acquired by labour, capital or enterprise and of the ability to demand deductions for costs incurred to acquire taxable income
has knowledge of sale and transformation of business based on realization, and transfer of property with continuity (inheritance, tax free fission/fusion/transformation of business)
has knowledge of the tax models for personal owners of stocks and companies
has knowledge of sale or transformation of enterprises to limited companies (including conditions for tax free transformation) and inheritance transfers
has knowledge regarding determination of the gross tax base (personal income) including the tax base of personal income from labour or pensions, as well as the tax base for calculated personal income from personal responsibility enterprises
has knowledge regarding VAT, including who is to be considered a subject of indirect taxation, the scope of indirect taxation (territory), the extent of voluntary registration as indirect tax subject, the content of the indirect tax base, the extent of exemptions from outgoing VAT and the limits on deductions for incoming VAT

Skills

The student

can determine legal rules and conditions, interpret terms and express purpose according to standard legal method
can correctly calculate taxes, including show how each posting is calculated as well as referenced in legislation and regulations
can explain how the taxation influences the financial results of the tax subjects
can calculate correct VAT and show how each posting is determined and reference account postings correctly in VAT legislation
can explain how VAT influences the financial results of the indirect tax subjects

General competence

The student...

understands the importance of just (correct and loyal) reporting of the accounting basis for calculating the direct taxes, regarding the financing of public activity and the need for financial information in the enterprise, and also to secure the economic interests of employees and creditors, as well as develop a basic moral and political insight that justice secures the need for equality before the law for the tax subjects
has insight in to the basic moral and political justice that secures the need for equality before the law for the tax subjects.

Subject description 6018

Taxes and Law

Subject code

Version

English name

Subject points

Study level