APPLIES TO ACADEMIC YEAR 2015/2016 Norwegian version

REV 3611 Business Taxation - RE-SIT EXAMINATION

Responsible for the course
Sanaz Ormaz Ferdowsi

Department
Department of Accounting - Auditing and Law

Term
According to study plan

ECTS Credits
20

Language of instruction
Norwegian

Introduction
This course is part of the statuary curriculum for approval as a registered public accountant.

Learning outcome
Acquired knowledge
This course should provide the students with good knowledge of the framework for the tax part for the auditing profession and of the theory and legal regulations of this subject. This includes professional ethical and moral considerations. The course will give the students knowledge about Norwegian legislation on taxation, including in-depth knowledge about the Norwegian legislation on business taxation, in addition to VAT and employers' national insurance contributions. In-depth knowledge about Norwegian tax and charge rules, including:

• Capital and income taxation of individual taxpayers, including sole proprietorships
• Taxation of private companies and other impersonal taxpayers
• Taxation of partners and shareholders
• Taxation of transactions between enterprises and their owners
• Taxation of termination and liquidation and conversion of enterprises
• Accrual rules for taxation purposes
• Tax calculation
• Employers’ contribution

• Key concepts
• Exemptions from the Act
• Fee calculations
• Deduction of input VAT
• Public sector and VAT
• Cross-border transactions etc.

• Participate in the statuary auditing of statements in accordance with legal requirements.
• Produce annual taxation reports for accountable and non-accountable businesses.
• Address and discuss – with reference to actual legislation – definite issues regarding personal and business taxation, and national insurance.
• The students will also have basic knowledge regarding personal taxation, and should be able to identify central issues in corporate and business taxation as well as transboundary revenues. During the learning process regarding the Norwegian VAT Act, the students shall:
• Acquire knowledge of the interpretation and application of the Norwegian VAT Act.
• Develop in-depth knowledge of the key topics in the Norwegian VAT Act.
• Get an overview of the main principles for VAT law within the EU.

• Concepts and interpretation rules
• The tax assessment administration and tax payment system
• Individual taxation
• Inheritance tax, employers’ contribution, value-added tax, document duty, registration fee
• Business taxation (trade); depreciation, appropriation in the tax accounts
• Taxation of private limited companies and shareholders
• Taxation of partnerships and partners
• International tax law
• Transformation and reorganization of companies