Knowledge

The student...

has basic knowledge of the tax system and its dynamics
has knowledge of the importance of taxes for financing public activity and the consequences for the economic transactions by persons and companies
has knowledge regarding VAT
has knowledge of who is to be considered a subject of indirect taxation
has knowledge of the scope of indirect taxation (territory)
has knowledge of the extent of voluntary registration as indirect tax subject
has knowledge of the content of the indirect tax base
has knowledge of the extent of exemptions from outgoing VAT
has knowledge of 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 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 VAT, regarding the financing of public activity and the need for financial information in the enterprise to secure the economic interests of employees and creditors
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 6064

Taxes and Law 2