JUR 3601 Tax and charge

APPLIES TO ACADEMIC YEAR 2015/2016
Norwegian version

JUR 3601 Tax and charge


Responsible for the course
Roy Kristen Kristensen

Department
Department of Accounting - Auditing and Law

Term
According to study plan

ECTS Credits
15

Language of instruction
Norwegian

Introduction
This course is part of the statutory curriculum for approval as a Norwegian certified accountant. The programme meets the requirements of the certified accountant regulation of 8 February 1999 no. 196 (education requirements for certified accountants).


Learning outcome
Acquired knowledge
The course will give the students knowledge about Norwegaian legislation on taxation, including in-depth knowledge about the Norwegian legislation on business taxation, in addition to VAT and employers' national insurance contributions.

Acquired skills
The students should be able to produce annual taxation reports for accountable and non-accountable businesses. The students should also be able - with reference to actual legislation - to address and discuss definite issues regarding taxation, VAT and national insurance. The students will also have basic knowledge regarding personal taxation.
This includes

  • Define taxable income, deductable costs and correct tax period for common business income (sole proprietorships, limited companies and partnerships)
  • Calculate tax cost and payable tax for limited companies
  • Produce tax base for owners of private limited companies, partnerships and sole proprietorships
  • Handle taxable conversion of sole proprietorship to private limited company
  • Consider taxable effects of transfer of business
  • Consider the VAT eeffects of a business
  • Handle common VAT transactions
Reflection
On completion of the course the students should be conscious of the importance of accurate tax and VAT reporting.

Prerequisites
The course requieres knowledge corresponding to following courses or eqivalent:
BØK 3411 Finance and Managerial Accounting I, BØK 3421 Finance and Managerial Accounting II, BØK 3531 Financial Accounting and Financial Statement Analysis, BØK 3541 Managerial Accounting and Control.

Compulsory reading
Books:
Gjems-Onstad, Ole, red. Skattelovsamlingen. Siste utg. Gyldendal juridisk
Gjems-Onstad, Ole, Tor S. Kildal. 2013. Lærebok i merverdiavgift. 4. utg. Gyldendal juridisk
Gjems-Onstad, Ole. Norsk bedriftsskatterett. Siste utgave. Gyldendal juridisk
Skaar, Arvid Aage, Tor S. Kildal. Bedriftsskatterett. Siste utg. Gyldendal juridisk

Recommended reading
Books:
Gjems-Onstad, Ole og Tor S. Kildal. 2013. Merverdiavgift : spørsmål og svar. 6. utg. Gyldendal juridisk
Gjems-Onstad, Ole, Tor S. Kildal. 2011. Skatterett : spørsmål og svar. 7. utg. Gyldendal akademisk
Kildal, Tor S. 2012. Oppgaver i bedriftsskatterett : med løsninger. 5. utg. Gyldendal juridisk

Course outline
Knowledge about Norwegian tax and charge rules, including
  • Capital and income taxation of individual sole proprietorships and private companies
  • Value-added tax
  • Equity transactions and other transactions with the owners that can lead to taxation
  • Taxation of termination of sole proprietorships and liquidation of enterprises and conversion of companies
  • Employers’ contribution
  • The basic rules concerning capital and income taxation of personal taxpayers
  • Capital taxation of privat companies and partnerships
  • Relevant regulations on tax deductions
  • Tax planning and ethical reflections
  • Basic knowledge about the tax and charge administration
  • Central regulation on administrative changes of a person's or company's tax report

Computer-based tools
Computer-based tools are not used in this course.

Learning process and workload
The course is taught in the spring term. Teaching is based on 90 lecturing hours. Curriculum proposals and suggested exercises are distributed each term.

Activity Use of time
Participation in teaching sessions
90
Preparation for teaching sessions
60
Self-tuition/reading literature
120
Own work with cases/exercises
120
Examination
6
Recommended use of time
396


BI Nettstudier
In BI Nettstudier the teaching sessions are carried out in modules. Furthermore, exercises for submission and marking are used (not obligatory), which gives the students continuous opportunity to test their own comprehension of the subjects.

Activity Use of time
Participation in teaching sessions
72
Preparation for teaching sessions
30
Exercises for submission
30
Self-tuition/reading litterature
168
Own work with cases/exercises
90
Examination
6
Recommended use of time
396




Examination
A six-hour individual written examination concludes the course.
Examination code(s)
JUR 36012 - Written exam, which accounts for 100% of the grade in the course JUR 3601 Tax and charge, 15 ECTS.

Examination support materials
Legislative texts laws and regulations, Tables og interest and annuity and BI approved exam calculator.
Examination support materials at written examinations are explained under examination information in the student portal @bi. Please note use of calculator and dictionary in the section on support materials (https://at.bi.no/EN/Pages/Exa_Hjelpemidler-til-eksamen.aspx).

Re-sit examination
A re-sit is possible in connection with the next ordinary examination in the programme.
Please note! Examiniation code is changed from JUR 36011 to JUR 36012.

Additional information

Semesters

Translations