JUR 3601 Tax and charge

JUR 3601 Tax and charge

Course code: 
JUR 3601
Department: 
Law and Governance
Credits: 
15
Course coordinator: 
Roy Kristen Kristensen
Product category: 
Bachelor
Portfolio: 
Bachelor of Bus.Adm. with Accounting - Programme Courses
Semester: 
2020 Spring
Active status: 
Active
Teaching language: 
Norwegian
Course type: 
One semester
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 outcomes - Knowledge

The course will give the students knowledge about Norwegaian legislation on taxation, including in-depth knowledge about the Norwegian legislation on taxation of persons and business taxation of companies and private enterprises, in addition to VAT and employers' national insurance contributions. This includes tax on capital and tax on income, as well as taxation of capital owned by companies.
Furthermore, this includes transactions related to ownership and equity, termination and liquidation of companies and how to determine tax values of possessions received as gifts or inheritage.
Regulation regarding the taxation system, tax payment and overriding of the tax return, is also included.

 

Learning outcomes - 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:

  • Taxation of persons, including tax deductions

  • 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 effects of a business

  • Handle common VAT transactions

General Competence

On completion of the course the students should be conscious of the importance of accurate tax and VAT reporting. Have basic understanding of aspects regarding tax planning and be able to make ethic reflections in this area.

Course content

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

  • Main principles on how to determine tax values of possessions received as gifts or inheritage

  • 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

Teaching and learning activities

The course consists of 90 contact hours with lectures.

E-learning
In course delivery as online courses, lecturer will, in collaboration with the student administration, organize an appropriate course implementation, combining different learning activities and digital elements on the learning platform. Online students are also offered a study guide that will contribute to progression and overview. Total recommended time spent for completing the course also applies here.

 

Software tools
No specified computer-based tools are required.
Additional information

Please note! Examiniation code is changed from JUR 36011 to JUR 36012.

Qualifications

Higher Education Entrance Qualification.

Required prerequisite knowledge

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.

Exam categoryWeightInvigilationDurationSupport materialsGroupingComment exam
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
JUR36012
Grading scale:
ECTS
Grading rules:
Internal and external examiner
Resit:
Examination every semester
100Yes6 Hour(s)
  • BI-approved exam calculator
  • Simple calculator
  • Laws and regulations
  • Interest- and annuity tables
Individual
Exams:
Exam category:Submission
Form of assessment:Written submission
Weight:100
Invigilation:Yes
Grouping (size):Individual
Support materials:
  • BI-approved exam calculator
  • Simple calculator
  • Laws and regulations
  • Interest- and annuity tables
Duration:6 Hour(s)
Comment:
Exam code:JUR36012
Grading scale:ECTS
Resit:Examination every semester
Type of Assessment: 
Ordinary examination
Total weight: 
100
Student workload
ActivityDurationComment
Teaching on Campus
90 Hour(s)
Prepare for teaching
60 Hour(s)
Student's own work with learning resources
124 Hour(s)
Group work / Assignments
120 Hour(s)
Examination
6 Hour(s)
Sum workload: 
400

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 15 ECTS credit corresponds to a workload of at least 400 hours.