Course code BUS260

BUS260 Tax Law

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Showing course contents for the educational year starting in 2019 .

Course responsible: David Eilert Eilertsen
ECTS credits: 10
Faculty: School of Economics and Business
Teaching language: NO
(NO=norsk, EN=Engelsk)
Limits of class size:
-
Teaching exam periods:
This course starts in Spring parallel. This course has teaching/evaluation in Spring parallel, .
Course frequency: Annually
First time: 2013V
Preferential right:
-
Course contents:
Introduction to Business Taxation, with particular emphasis on differences from personal taxation. Income from business activities, with particular emphasis on the timing of revenues and expenses, including differences from the accounting Act. Special provisions relating to shareholders and companies, including deferred tax. Special provisions relating to participant taxed companies. Personal income from business activities, including the conditions, the calculation and allocation/distribution of current owners. Restructuring, business and succession, including taxable and reorganization free of tax. Value added tax system, including the liability for tax scale (taxation area) and the possibility of a voluntary registration fee, tax base and specific exemption for value added tax and special restrictions on the right to deduct value added tax. 
Learning outcome:

Knowledge

The student has knowledge of

  • tax rules (value added tax) related to business activities and companies
  • which transactions and ownership and equity that may result in taxation
  • tax effects of discontinuing operations and liquidation of companies
  • rules for calculating employer's social security contributions
  • main rules on income and wealth tax for persons
  • capitalization of non-listed shares and participations in responsible companies
  • relevant rules for deductions in deferred tax
  • central rules for determining inheritance tax base, calculating inheritance tax and determining
  • input value for receiver
  • tax planning and ethical reflections
  • basic tax administration and tax payments and key rules for overruns

The student can

  • determine what is taxable income, deductible expenses, and correct the timing of the items for the calculation of general income in industry (EPF, AS, ANS).
  • calculate tax costs, payable tax and deferred tax for limited liability companies
  • determine the basis for taxation of shareholders (Fritaksmetoden), participants in responsible companies (Deltakermodellen) and proprietor of sole proprietorship (Foretaksmodellen)
  • tax treatment of conversion of sole proprietorship to limited liability company
  • assess the tax effects of business transfer
  • assess an enterprise's value added tax relationship
  • value-added tax treaty transactions
Learning activities:
Lectures. Assignments.
Teaching support:
-
Syllabus:
Roy K Kristeinsen og Arvid Aage Skaar, Lærebok i bedriftsskatterett (latest issue); Ole Gjems-onstad, Merverdiavgift i et nøtteskall (latest issue); Ole Gjems-Onstad (red), Skattelovsamlingen, studentutgave (latest issue)
Prerequisites:
BUS 160 - Tax Law for Economists
Recommended prerequisites:
Mandatory activity:
An assignment must be approved before the student can take part at the exam.
Assessment:
Final written examination (3,5 hours). Esamination counts 100 % of the exam grade.
Nominal workload:
300 hours.
Entrance requirements:
Minimum requirements for entrance to higher education in Norway (generell studiekompetanse)
Reduction of credits:
-
Type of course:
4 hours of lecture per week (consecutive). Total 48 hours.
Note:
-
Examiner:
External examiner will control the quality of syllabus, questions for the final examination, and principles for the assessment of the examination answers.
Allowed examination aids: B2 Calculator handed out, other aids as specified
Examination details: One written exam: A - E / F