Direct taxation (4cr)

Objective

The student is able to define the basic concepts of taxation. S/he is able to describe the taxation proceedings of business taxation. The student is able to explain the income types and business taxation and the deductions directed to them. She/he is also able to apply this knowledge in practice. The student is able to search the legislation connected to business taxation and apply it in practice. The student is able to prepare tax calculations and s/he understands the differences between the taxation of different business forms.

Content

- basic concepts of taxation
- taxation proceedings
- types and sources of income
- taxability of incomes and the right of deductions directed to them
- effect of different company forms on taxation

Assessment criteria, satisfactory (1)

The student is able to explain the essential income types of business taxation and the deductions directed to them. The student is able to search essential legislation connected to business taxation. The student is able to prepare tax calculations and she/he is able to explain the essential differences between taxation of different business forms.

Assessment criteria, good (3)

The student is able to explain the essential income types of business taxation and the deductions directed to them. S/he is also able to apply this knowledge in practice. The student is able to search essential legislation connected to business taxation and apply it in practice. The student is able to prepare tax calculations and s/he is able to explain the differences between taxation of different business forms.

Assessment criteria, excellent (5)

The student is able to explain the income types of business taxation and the deductions directed to them. She/he is also able to apply this knowledge in practice. The student is able to search the legislation connected to business taxation and apply it in practice. The student is able to prepare tax calculations and she/he is able to compare the taxation of different business forms