After successful end of the course, student are expected to have understood:
- how tax law is placed within the framework of a legal order;
- what is international and European tax law;
- which basic taxes exist in their home jurisdiction;
- basic notions of accounting;
- basic notions of business income, corporate taxation and income taxation of individuals;
- some basics about the VAT;
- some basics about tax procedure;
- how similar tax law is around the globe;
Course Content (Syllabus)
The course deals with global phenomena of tax law, arising out of a synthesis from the European domestic legal orders, including mainly the following items:
- Notion of tax.
- Constitutional principles of taxation: principle of legality of tax; ability to pay principle.
- Structure of tax systems: taxation according to enrichment (income), expenditure (consumption), property possession etc.
- Direct and indirect taxes.
- EU law on taxation.
- Income taxation. Residence/source principle. Notion of income. Sources of income. Business income. Links between business taxation and accounting laws. Notion of assets and liabilities. Income as variation of value of assets. Capital transactions. Revenue and expenses. Deductibility of interest, wages, production cost, fixed assets (amortisation). Capital gains. Treatment of losses. Tax rates.
- Corporate taxation: distribution of profits.
- Basics of Value Added Tax (VAT).
- Basics of tax procedure: tax declarations (tax returns), tax audits and tax litigation.
taxation; tax law, accounting, income taxation, corporate taxation