MKF_PRDA Direct taxes

Faculty of Economics and Administration
Spring 2021
Extent and Intensity
13/0/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. Ing. Jaroslav Sedláček, CSc. (lecturer)
Ing. Petr Valouch, Ph.D. (lecturer)
Ing. Petr Valouch, Ph.D. (seminar tutor)
Mgr. Miroslav Svoboda (assistant)
Guaranteed by
Ing. Petr Valouch, Ph.D.
Department of Finance – Faculty of Economics and Administration
Contact Person: Ing. Petr Valouch, Ph.D.
Supplier department: Department of Finance – Faculty of Economics and Administration
Timetable
Fri 19. 3. 12:00–15:50 P102, Fri 9. 4. 12:00–15:50 P103, Sat 15. 5. 16:00–19:50 P103
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
Content of the course builds on knowledge gained in basic financial accounting courses. In addition, it specifies the various issues of direct taxation in the Czech Republic from the perspective of entrepreneurs - both physical and legal persons. Particular attention is paid to the provisions of the Income Tax Act as the main direct tax influencing business in the Czech Republic. An integral part of the course is also analysis of social and health insurance and other direct taxes (road, property), their reporting and their link to the accounting.
Learning outcomes
At the end of this course the student will be able to understand to: - Income tax of physical and legal persons, - Health and social insurance, - Property taxes.
Syllabus
  • 1) Introductory seminar - the method of work in seminars, assessment of conditions, • Analysis of regulation of income tax in the Czech Republic, • tax exempted income - practical examples, 2) The taxation of income from employment, and advance withholding tax, the annual clearing of tax, practicing of practical examples, • taxation of income from employment in a signed statement, • taxation of income from employment in the unsigned statement, • annual tax settlement 3) Health and social insurance . payers, rates, . system of calculation, exceptions . returns . comparison between the Czech Republic and member countries of the EU 4) taxation of income from business and other self-employment, income distribution among the cooperating parties, practicing of practical examples, • income from business, • income from other self-employment, • flat-rate tax • the possibility of income distribution among the cooperating parties, the analysis of different options, • tax records 5) Tax expenses (costs), their registration, practicing of practical examples, • identification of tax expenditures (costs) under the Law on Income Tax, • the possibility of evidence of such expenditure, • lump-sum expenses • the individual tax expenditure 6) Tax (accounting) depreciation, practicing of practical examples, • calculation of accounting depreciation, the recognition and application of such tax costs, • calculation of tax depreciation, the evidence - non tax expenditures (costs), their registration, practicing of practical examples, • identification of non-tax expenses (costs) under the Law on Income Tax, • following the application of these expenses in the tax base 7) The taxation of income from capital assets, rent and other income, practicing of practical examples, • taxation of income from capital assets, • taxation of income from rent, the scope for tax expenditure • taxation of other income 8) Corporate Income Tax, differences from the personal income tax, practicing of practical examples, • identifying differences between personal and corporate income tax, • exemptions • the corporate income tax, • corporate tax, • accounting for income tax 9) The acquisition, merger and tax consequences, the transfer price, practicing of practical examples, • The tax effects of acquisitions and mergers, • transfer prices, their use in the taxation of income 10) The taxation of international income, double tax agreements, exercise of practical examples • Determination of the tax rezidentury, • double tax agreements, • techniques of international taxation 11) The return to personal and corporation income tax, practicing of practical examples, • compilation of tax returns for personal income tax, • compilation of tax returns for corporation income tax, 12) road tax and real estate tax, the structure of law, tax returns • road tax, compilation of tax return • real estate tax, the compilation of tax return
Literature
    required literature
  • Daňové zákony - aktuálního roku
  • Daně z příjmů : s komentářem 2020 : zákon č. 586/1992 Sb., o daních z příjmů, s komentářem, účinný pro rok 2020, komentář reaguje na zákony přijaté a rozhodnutí MF vydaná k dani z příjmů v rámci opatření v souvislosti s nák. Edited by Vladimír Pelc - Petr Pelech. 18. aktualizované vydání. Olomouc: Anag, 2020, 838 stran. ISBN 9788075542779. info
  • DUŠEK, Jiří and Jaroslav SEDLÁČEK. Daňová evidence podnikatelů 2020. Sedmnácté vydání. Praha: Grada Publishing, 2020, 144 stran. ISBN 9788027110353. URL info
    recommended literature
  • SKÁLA, Milan. Zvláštnosti zdaňování nemovitých věcí. Vydání první. Praha: Wolters Kluwer, 2015, 338 stran. ISBN 9788074788208. info
  • VALOUCH, Petr. Leasing v praxi - praktický průvodce. 5. aktualizované vydání. Praha: GRADA Publishing, 2012, 120 pp. Účetnictví a daně. ISBN 978-80-247-4081-2. info
  • VALOUCH, Petr. Účetní a daňové odpisy 2012 (Accounting and tax depreciation). 7th ed. Praha: GRADA Publishing, 2012, 144 pp. ISBN 978-80-247-4114-7. info
  • Daň silniční s komentářem. Edited by Karel Janoušek. 3. aktualiz. vyd. Olomouc: ANAG, 2010, 135 s. ISBN 9788072635870. info
  • VALOUCH, Petr. Daňové tipy a triky pro fyzické osoby (Tax tips and tricks for physical persons). 1st ed. Praha: GRADA Publishing, 2010, 122 pp. Účetnictví a daně. ISBN 978-80-247-3332-6. info
  • SEDLÁČEK, Jaroslav and Petr VALOUCH. Účetnictví a daně. 2., přeprac. vyd. Brno: Masarykova univerzita, 2008, 171 s. ISBN 9788021045422. info
Teaching methods
3 tutorials
Assessment methods
1. Ongoing tests will be written during tutorials in weeks according to schedule. • If a student can not physically attend 1 of the seminar tests (teacher examines apology), the student can write the replacement test in the last week of teaching. • Evaluation of ongoing trials (or alternative test), will coincide with the final assessment test. 2. Final evaluation of work done in tutorials. • Conditions for participation in graduation test, 2 control tests with average rating of 60% or more. These 2 tests are designed to 25 points (maximum achievable 50 points), the minimum for participation for the test is 30 points. • Development of 2 WCTs. Rating the quality of set-off WCT with 20% resulting in a mark for assessing the quality of WCT holds: A 92 - 100% D 68 - 75% B 84 - 91% E 60 - 67% C 76 - 83% F less than 60% • A student who fails to tutorials - ie. resulting interim assessment tests is less than 60%, will write the replacement test of the whole substance. This test is designed for 50 points, to pass the test he must achieve at least 30 points. Examination is a written test. • A condition of successful completion of examination test is to achieve at least 60%. This test will include several theoretical questions and a comprehensive treatment of tax example, with the aim of calculating the taxable amount and calculating the tax liability the business entity. The maximum achievable score is 100, the minimum for the test is 60 points. • Weight result counts 80% of the final mark. The final mark consists of: examination test (80%) + the level of WCT (20%) For the evaluation of students, the following scale is used: A 92 - 100% D 68 - 75% B 84 - 91% E 60 - 67% C 76 - 83% F less than 60% "Any copying, recording or leaking tests, use of unauthorized tools, aids and communication devices, or other disruptions of objectivity of exams (credit tests) will be considered non-compliance with the conditions for course completion as well as a severe violation of the study rules. Consequently, the teacher will finish the exam (credit test) by awarding grade "F" in the Information System, and the Dean will initiate disciplinary proceedings that may result in study termination."
Language of instruction
Czech
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
Information on the extent and intensity of the course: tutorial 12 hodin.
Credit evaluation note: k = 1,0.
Listed among pre-requisites of other courses
The course is also listed under the following terms Spring 2010, Spring 2011, Spring 2012, Spring 2013, Spring 2014, Spring 2015, Spring 2016, Spring 2017, Spring 2018, Spring 2019, Spring 2020.
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