GRA 6215 Corporate Taxation and Value Added Taxation

GRA 6215 Corporate Taxation and Value Added Taxation

Course code: 
GRA 6215
Department: 
Law and Governance
Credits: 
6
Course coordinator: 
Eivind Furuseth
Course name in Norwegian: 
Skatterett - selskapsbeskatning og avgiftsrett
Product category: 
Master
Portfolio: 
MSc in Business - Business Law, Tax and Accounting
Semester: 
2018 Spring
Active status: 
Active
Teaching language: 
Norwegian
Course type: 
One semester
Introduction

The course aims to give students a basic understanding of how to treat taxation and VAT issues in trade and industry. Tax and VAT legislation have become increasingly extensive and technically complex, so that financial officers and accountants need to concentrate on learning tax law and VAT law. In order to make appropriate choices between various financial alternatives, one must often understand the difficult interplay between the rules of accounting, company law, tax and VAT law. If a financial officer or accountant lacks insight into tax-related consequences, he/she is unable to treat several of the everyday problems faced by companies.

Learning outcomes - Knowledge

The aim of this course is to give students an in-depth insight into important company law issues, an overview of international tax problems, and the main issues within the company-related VAT law. The course provides an in-depth presentation of corporate taxation, taxation of general partnerships, as well as some topics in business taxation, including the enterprise model. Emphasis is placed on integrating accounting law and company law in discussions on tax issues.

The teaching in VAT emphasizes the extent of the obligation to pay duty as well as what are tax-deductible expenses. Some fundamental principles of the VAT system are also discussed, such as fair competition, verifiability, etc. The VAT systems of other countries, with a special emphasis on the EU VAT system, are discussed, as well as bilateral and multilateral collaboration within the VAT area.

Learning outcomes - Skills

After having completed the course, the students shall have learned to identify and analyse the main issues in Norwegian and international tax law, and value added tax law.

Learning Outcome - Reflection

Through increased knowledge of important tax and value added tax issues, the students should become capable of critically assessing the established views on tax and value added tax issues. The programme should also make the students conscious of the ethical and moral challenges that may arise in a tax and value added tax law context.

Course content
  • Tax liability in Norway
  • General company taxation
  • Exemption model
  • Shareholder model
  • Partnership model
  • Enterprise model
  • The VAT principle and extent of obligation to pay duty
  • Withdrawal fee
  • Deduction for input VAT and adjustment
  • Compensation for VAT to municipalities, etc.
Learning process and requirements to students

The course will consist of lectures, problem solving, group work and discussions.

Please note that while attendance is not compulsory in all courses, it is the student’s own responsibility to obtain any information provided in class that is not included on It's learning or text book.

Software tools
No specified computer-based tools are required.
Qualifications

All courses in the Masters programme will assume that students have fulfilled the admission requirements for the programme. In addition, courses in second, third and/or fourth semester can have specific prerequisites and will assume that students have followed normal study progression. For double degree and exchange students, please note that equivalent courses are accepted.

Exam categoryWeightInvigilationDurationSupport materialsGroupingComment exam
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
GRA62151
Grading scale:
ECTS
Grading rules:
Internal and external examiner
Resit:
Examination when next scheduled course
100Yes3 Hour(s)
  • BI-approved exam calculator
  • Simple calculator
  • Compilation of tax laws
Individual Written examination with supervision
Exams:
Exam category:Submission
Form of assessment:Written submission
Weight:100
Invigilation:Yes
Grouping (size):Individual
Support materials:
  • BI-approved exam calculator
  • Simple calculator
  • Compilation of tax laws
Duration:3 Hour(s)
Comment: Written examination with supervision
Exam code:GRA62151
Grading scale:ECTS
Resit:Examination when next scheduled course
Exam organisation: 
Ordinary examination
Total weight: 
100
Sum workload: 
0

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 6 ECTS credits corresponds to a workload of at least 160 hours.