JUR 3601 Tax and Charge
This course is part of the statutory curriculum for approval as a Norwegian state certified accountant. The programme meets the requirements of the certified accountant regulation of 16 December 2023 (education requirements for state certified accountants).
The course will give the students knowledge about Norwegian 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.
Further details on Learning outcomes is given in Recommended plan for the study published by UHR-ØA.
Details on Learning outcomes is given in Recommended plan for the study published by UHR-ØA.
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.
- Taxation of persons, including tax deductions
- Define taxable income, deductible 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
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.
Knowledge about Norwegian tax and charge rules, including:
- Capital and income taxation of individual sole proprietorships and private companies and partnerships
- 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
The course is performed as e-learning.
Where the course is delivered as an online course, the lecturer will, in collaboration with the study administration, arrange an appropriate combination of digital learning resources and activities. These activities will correspond to the stated number of teaching hours delivered on campus. Online students are also offered a study guide that will provide an overview of the course and contribute to course progression. The total time students are expected to spend completing the course also applies to online studies.
Deviations in teaching and exams may occur if external conditions or unforeseen events call for this.
The course requires knowledge corresponding to following courses or equivalent:
BØK 3422 Managerial Accounting, BØK 3423 Finance, BØK 3532 Financial Accounting and Financial Statement Analysis, BØK 3541 Managerial Accounting and Control.
|Exam category||Weight||Invigilation||Duration||Support materials||Grouping||Comment exam|
Form of assessment:
Examination every semester
|100||Yes||6 Hour(s)||Individual||Exam form: School exam|
|Form of assessment:||Written submission|
|Support materials:|| |
|Comment:||Exam form: School exam|
|Resit:||Examination every semester|
Prepare for teaching
Student's own work with learning resources
Group work / Assignments
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.