Learning outcome

After completion of the course students will:

• Have good knowledge of tax rules within the areas of ordinary income and capital taxation of individuals not engaged in commercial activities
• Have good knowledge of tax law, including jurisprudence and the use of the statutory framework and other legal sources in the tax assessment of personal and impersonal tax entities in commercial activities
• Have knowledge of the rules concerning tax assessment administration, social security tax, employer tax and tax payment rules
• Have a general overview of the tax documents that are most important for commercial activities and the relationship between these documents
• Have knowledge of the rules regarding transactions and activities regarding ownership and equity that can be liable to taxation
• Have knowledge of the rules concerning the tax consequences of termination of employment
• Have knowledge of the tax rules governing the liquidation of a company
• Be able to use the current rules for determining taxable income and deductible expenses for people not involved in commercial activities, and the accrual of such income and expenses
• Be able to use the current general rules for determining taxable income and tax deductible expenses for entities involved in commercial activities, and the accrual of revenues and costs for different forms of enterprise (corporation, partnership and sole proprietorship)
• Be able to use rules for calculating deductions in assessed tax
• Be able to calculate the tax payable, income tax expense and deferred tax for corporations
• Be able to apply relevant rules for the taxation of shareholders (shareholder model), the partners in partnerships and sole proprietorships
• Be able to carry out the transformation of an enterprise from a corporate form to another enterprise form
• Be able to use the relevant regulations to calculate the tax consequences of transferring an enterprise
• Be able to calculate the net taxable wealth of individuals not engaged in commercial activities
• Be able to calculate the net taxable wealth of commercial activities for various enterprise forms (limited liability company, partnership and sole proprietorship)
• Be able to assess a company's VAT situation and propose specific solutions to common VAT problems
• Be able to evaluate and determine the inheritance tax basis for business holdings, stocks and shares
• Be able to calculate the inheritance tax on gifts and other inheritance situations
• Be able to acquire new knowledge in the aforementioned areas of law and knowledge of other areas of law relevant to work in accounting, tax and auditing
• Be able to convey key professional information through appropriate forms of expression
• Be able to exchange views and experiences with other professionals and contribute to developing good practice in the areas of tax and duties
• Be able to reflect on ethical issues in the area of taxes and fees
• Be able to understand the course in a broader context from a social perspective

Course Description

The course includes the following content:

Part I (basic principles, personal tax planning, tax assessment management, etc.)

- Introduction to basic principles of tax law - including the various tax bases

- Wealth and income tax planning of personal taxation - including ordinary income, personal income and net assets

- Introduction to tax administration law, including tax processing, tax assessment adjustments, the right of appeal, competence rules and taxpayer penalties

- Introduction to the payment of taxes and tax demands, advance tax deduction, advance tax and taxable arrears

Part II (taxation of commercial activities)

- Introduction to the taxation of commercial activities, with particular emphasis on the differences from personal taxation

- Ordinary income from business activities, with particular emphasis on the accrual of income and expenses, including differences in accounting rules

- Special provisions relating to corporations and shareholders - including the deferred tax model and the correction of income and exemption model

- Special provisions relating to partnerships

- Personal income of sole proprietorships, including terms and calculations

- Restructuring, transfer of business and generational change, including tax-free schemes and comparison of different types of companies and alternative forms, taxation of companies and corporate participants

- General information on tax forms and the relationship between the central tax documents

Part III (tax law)

- Value-added tax system - including the scope of taxation and the possibility of voluntary registration of taxes, tax bases, specific exemptions from outgoing VAT and specific limitations in tax deduction for incoming VAT

- Employer’s contributions, with particular emphasis on payment in kind and expense allowances

- Inheritance tax - including the scope of taxation and the basis for inheritance tax, with particular emphasis on generational change in commercial activities

Teaching and Learning Methods

Lectures in the spring and autumn semesters. A review of theoretical issues and legal texts. In addition, the review of examples. In some of the lectures, students will work on practical exercises.

Assessment Methods

Mandatory coursework assignments will be included in every semester. Students must achieve passing grades in submitted assignments before they will be permitted to sit the final examination. Individual final written examination, 6 hours.
Candidates must achieve a grade of C or better in the course in order to become certified public accountants.

Minor adjustments may occur during the academic year, subject to the decision of the Dean