154-0590/01 – Taxation (TAX)
| Gurantor department | Department of Finance | Credits | 5 |
| Subject guarantor | Ing. Karolina Lisztwanová, Ph.D. | Subject version guarantor | Ing. Karolina Lisztwanová, Ph.D. |
| Study level | undergraduate or graduate | Requirement | Compulsory |
| Year | 3 | Semester | winter |
| | Study language | English |
| Year of introduction | 2023/2024 | Year of cancellation | |
| Intended for the faculties | EKF | Intended for study types | Bachelor |
Subject aims expressed by acquired skills and competences
The course aims to provide essential starting points in tax policy, including the essence of taxation in individual types of taxes. After completing the course, students will be able to orient themselves in the field of:
- the essence of tax policy,
- basic principles of tax administration,
- personal pension taxes,
- corporate pension taxes,
- property taxes and
- in the field of consumption taxes.
Teaching methods
Lectures
Tutorials
Teaching by an expert (lecture or tutorial)
Summary
The course provides information on taxation, tax principles, tax policy, and tax classification. In the case of individual taxes, the issue is focused on clarifying the procedure for determining tax liability, including items affecting its amount. The tax administration procedure and taxpayers‘ resulting obligations are also emphasized.
The seminars focus on determining the tax liability for specific types of taxes.
Compulsory literature:
Recommended literature:
Way of continuous check of knowledge in the course of semester
Credit test and exam.
E-learning
Contact the teacher in the office during consultation hours; electronically by email, or in the LMS.vsb.cz environment; by MS Teams.
Other requirements
There are no additional requirements for the student.
Prerequisities
Subject has no prerequisities.
Co-requisities
Subject has no co-requisities.
Subject syllabus:
1) General aspect of taxation in the market economy, main tax concepts, tax
policy, tax system
2) Tax compliance – reporting obligations, tax returns, submission of
information, payment of tax
3) Procedures of the tax administrator to verify and control the tax
liability; Tax inspections – its aim and proceedings, possibilities of
appeal against the decision of the tax administrator, remedies, tax
sanctions
4) Individual income tax liability as a non-transferable, comprehensive
tax: its main concept and social security and health care contributions
including, differences between cash income and non-cash income, the role
of tax rates in taxation, lump sum tax, withholding tax
5) Individual income tax liability: taxation of income from employment, the
role of employers in individual income tax liability (PAYG, PAYE system)
6) Individual income tax liability: taxation of business income and
independent professional income, including social security and health
care contributions, taxation incomes from the rent of property and
royalties, income from capital investment, contingency income
7) Individual income tax: calculation of comprehensive tax payable, the
role of exemptions, reliefs, and tax allowances, the impact of
international taxation on the final tax payable
8) Corporate income tax liability: its role in the economy, its positive
and negative aspects
9) Corporate income tax liability: determinants of taxable income and tax
base and their relationships to earnings before taxation, specific tax
rules in the case of deductible and non-deductible expenses
10) Corporate income tax liability: calculation of comprehensive tax
liability, taxation on property income, taxation on investment income,
tax exemptions, tax allowances, tax incentives, the impact of
international taxation on final tax payable
11) Value-added tax as general consumption tax: main aspects and its
positive and negative aspects, including
12) Value-added tax: VAT registration, determination of tax base, taxable
persons, the place of supply for goods, the place of supply for
services, tax rates, reverse charge system, calculation of VAT payable,
output VAT, creditable input VAT
13) Value-added tax: exempt supplies, non-taxable services, other supplies
which are exempt from VAT without VAT credit, the impact of tax
exemption on the determination of tax payable, VAT refund, documents and
requirements in tax compliance
Conditions for subject completion
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction
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