APPLIES TO ACADEMIC YEAR 2015/2016
REV 3611 Business Taxation - RE-SIT EXAMINATION
Responsible for the course
Sanaz Ormaz Ferdowsi
Department of Accounting - Auditing and Law
According to study plan
Language of instruction
This course is part of the statuary curriculum for approval as a registered public accountant.
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 topics in the Norwgian VAT Act
- Key concepts
- Exemptions from the Act
- Fee calculations
- Deduction of input VAT
- Public sector and VAT
- Cross-border transactions etc.
After completed the course the students should be able to:
- 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.
On completion of the course the students should be conscious of the importance of accurate tax and VAT reporting.
The first two years of the program or equivalent.
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. 2012. Norsk bedriftsskatterett. 8. 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
Skaar, Arvid Aage, Tor S Kildal. 2012. Bedriftsskatterett. 12. utg. Gyldendal juridisk
- 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
Computer-based tools are not used in this course.
Learning process and workload
The course is taught in teaching sessions over two terms. The students are enrolled in each semester. Teaching is based on 120 lecturing hours, 52 hours in the autumn and 68 hours in the winter/spring.
A teaching plan for the term with reference to the curriculum is distributed at the beginning of each term. In the spring term, there is a voluntary trial exam, and the students' answers are evaluated and marked.
Recommended use of hours:
|Participation in teaching sessions||
|Preparation for teaching sessions||
|Own work on cases/exercises||
|Recommended total use of time||
A six-hour written exam concludes the course.
REV 36111 - written exam, counts for 100% of the grade in REV 3611 Business Taxation, 20 credits.
Examination support materials
Norges Lover, Skattelovsamlingen and the 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).
This course was lectured for the last time autumn 2014 / spring 2015.
Acc. Regulations on curriculum for the bachelor in accounting and auditing of 2 July 2012, § 5.Ikrafttredelse og overgangsregler, students who have commenced the study during previous curriculum, can take the exam after this until 31 December 2017. Re-sit examinations will be offered every term, as from and including autumn 2014 and up to and including autumn 2017.
In this course, the grade C or better is required for candidates who seek approval as a registered auditor (registrert revisor).