Value Added Tax, Advanced

Introduction

This is an elective course for students in the Master of Science Programme in Accounting and Auditing.

The aim of the course is to teach students to handle VAT issues in the private sector, NGOs and the public sector.

There is an increasing interest for VAT law issues, both in the private and public sector. VAT is a significant source of revenue, and companies, municipalities and NGOs run the risk of incurring substantial losses due to incorrect handling of VAT issues.

Course content

• The concept of "supply"
• The taxable person criteria
• Exceptions and exemptions from the law
• Tax-deductible expenses
• Withdrawals
• Adjustment rules
• Import VAT, including relevant customs law
• Accounting rules of importance for VAT law
• Additional VAT
• The EU VAT system (main features)
• VAT issues in international trade