Course description

Corporate Taxation and Value Added Taxation - RESIT EXAMINATION

Introduction

The course aims to give students a basic understanding of how to treat taxation and VAT issues in trade and industry. Tax and VAT legislation have become increasingly extensive and technically complex, so that financial officers and accountants need to concentrate on learning tax law and VAT law. In order to make appropriate choices between various financial alternatives, one must often understand the difficult interplay between the rules of accounting, company law, tax and VAT law. If a financial officer or accountant lacks insight into tax-related consequences, he/she is unable to treat several of the everyday problems faced by companies.

Course content

  • Tax liability¬†in Norway
  • General company taxation
  • Exemption model
  • Shareholder model
  • Partnership model
  • Enterprise model
  • The VAT principle and extent of obligation to pay duty
  • Withdrawal fee
  • Deduction for input VAT and adjustment
  • Compensation for VAT to municipalities, etc.

Learning outcome knowledge

The aim of this course is to give students an in-depth insight into important company law issues, an overview of international tax problems, and the main issues within the company-related VAT law. The course provides an in-depth presentation of corporate taxation, taxation of general partnerships, as well as some topics in business taxation, including the enterprise model. Emphasis is placed on integrating accounting law and company law in discussions on tax issues.

The teaching in VAT emphasizes the extent of the obligation to pay duty as well as what are tax-deductible expenses. Some fundamental principles of the VAT system are also discussed, such as fair competition, verifiability, etc. The VAT systems of other countries, with a special emphasis on the EU VAT system, are discussed, as well as bilateral and multilateral collaboration within the VAT area.

Exam organisation

  • Written exam: 100%