MPF_ATAX Taxation

Faculty of Economics and Administration
Spring 2021
Extent and Intensity
2/2/0. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Bc. Jana Hvozdenská, Ph.D. (lecturer)
Ing. Oleksandra Lemeshko (lecturer)
Ing. Petr Valouch, Ph.D. (lecturer)
Guaranteed by
Ing. Petr Valouch, Ph.D.
Department of Finance – Faculty of Economics and Administration
Supplier department: Department of Finance – Faculty of Economics and Administration
Timetable
Tue 16:00–17:50 S301
  • Timetable of Seminar Groups:
MPF_ATAX/01: Thu 16:00–17:50 S309, O. Lemeshko, P. Valouch
Prerequisites
The course Taxation is a follow-up to the basic courses of accounting. No other special prerequisites are demanded.
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.

The capacity limit for the course is 24 student(s).
Current registration and enrolment status: enrolled: 0/24, only registered: 0/24
fields of study / plans the course is directly associated with
Course objectives
Course learning objectives are:
(1) to provide an understanding of fiscal system in OECD and non-OECD countries;
(2) to develop and train critical thinking and professional judgement while recognizing and measuring direct and indirect tax liabilities based on evidence from the Czech Republic;
(3) to apply the obtained theoretical knowledge in real-world settings.
Learning outcomes
At the end of this course a student should be able to:
- describe and explain basic principles of taxation on the national as well as international level
- use basic methods for tax optimization of direct and indirect taxes
- analyze simple tax problems, establish basic procedures to assess an impact of taxation on entity's business results
- explain impacts of harmonization of indirect taxes on business decision making
- compare different tax systems in the member countries of the EU and third countries
Syllabus
  • Lectures and seminars:
  • 1 Definition of direct and indirect taxes o international rules and legislation o harmonization of direct and indirect taxes o Taxation of international income – substance, scope, determination of tax residence and double tax agreements, techniques of international taxation
  • 2. Direct tax system, Health and social insurance in the Czech Republic and EU o Direct tax system in the Czech Republic - overall function and purpose o Legislation in field of direct taxation in the Czech Republic, different types of direct taxes o Law on income tax - its structure, taxable income, income tax exemptions, taxation of income from employment, advance and withholding tax, annual tax return o Legislation in field of health and social insurance in the Czech Republic and EU o Contributions for employed persons, liabilities of employees and employers, contributions for self-employed persons - payers, rates, system of calculation, exceptions, returns, comparison between the Czech Republic and member countries of the EU
  • 3 Taxation of income from business, employment and self-employment o Taxation of income from business – substance, scope, differences from personal income tax, the corporate income tax, corporate tax, comprehensive computation of corporate income and income tax liability, the use of exemptions and reliefs in deferring and minimising corporate income tax liabilities, determination of tax residence and international aspect o Taxation of income from employment and self-employment – substance, scope, comprehensive computation of taxable income and income tax liability, the use of exemptions and reliefs in deferring and minimising income tax liabilities o Flat-rate tax o The possibility of income distribution among the cooperating parties, the analysis of different options o Tax records o Tax expenses (costs) – their registration, identification of tax expenditures (costs) under Law on income tax, the possibility of evidence of such expenditure, lump-sum expenses, individual tax expenditure o Tax (accounting) depreciation - calculation of accounting depreciation, the recognition and application of such tax costs, calculation of tax depreciation, the evidence o Non-tax expenditures (costs) - their registration, identification of non-tax expenses (costs) under Law on income tax, following the application of these expenses in the tax base
  • 4 Taxation of income from capital assets, rent and other income, corporate income tax, differences from personal income tax o Taxation of income from capital assets – substance, scope, comprehensive computation of taxable income and income tax liability, the use of exemptions and reliefs in deferring and minimising income tax liabilities, determination of tax residence and international aspect o Taxation of income from rent – substance, scope, comprehensive computation of taxable income and income tax liability, the use of exemptions and reliefs in deferring and minimising income tax liabilities, determination of tax residence and international aspect o Scope for tax expenditure o Taxation of other income o Acquisition, merger – substance, scope and tax consequences, transfer prices and their use in the taxation of income o The return to personal and corporation income tax - compilation of tax returns for personal income tax, compilation of tax returns for corporation income tax
  • 5 Road tax, real estate tax, real estate transfer tax o Road tax – substance, scope, the structure of law, compilation of tax return o Real estate tax - substance, scope, the structure of law o Real estate transfer tax - substance, scope, the structure of law, compilation of tax return for real estate tax and real estate transfer tax
  • 6. The obligations of direct tax payers and/or their agents o Systems for self-assessment, making of returns and other reporting obligations o Time limits for the submission of information, claims and payment of tax, including payments on account o Procedures relating to enquiries, rulings, appeals and disputes, o Sanctions for non-compliance.
  • 7 Indirect tax system in the Czech Republic and the EU o Indirect tax system in the Czech Republic - overall function and purpose o Indirect tax system in the EU - overall function and purpose, comparison with the one in the Czech Republic o Legislation in field of indirect taxation in the Czech Republic, European Directives, different types of indirect taxes o The course of VAT, tax entities, the obligation of registration - identification of performance which are not subject to VAT, identification of transactions which are subject to VAT, identification of subjects paying VAT, obligation to register for VAT
  • 8 Taxable transactions and determining the place of the chargeable event o Taxable transactions and determining the place of the chargeable event - the supply of goods, services and transfer of immovable property, the taxable event and the tax liability, tax documents o The chargeable event and location of the taxable event for the supply of goods, services and transfer of real estate - identification of taxable transactions, location of the taxable event as a place where it will be granted tax, international transactions o Chargeable event and chargeability of tax, tax documents - identification of the time, to which there is the obligation to grant tax, tax documents, issue, requirements
  • 9 Value added tax o Value added tax – substance, scope, tax base for the calculation of VAT and VAT calculation of taxable transactions, the VAT rate, calculation of the VAT liability, documentation requirements and compliance o The exemption from VAT to claim, even without the right to deduct VAT - identification of transactions which are exempt without the right to deduct, identification of transactions which are exempt entitled to deduct, the conditions for exemption, the impact of these transactions to return to the VAT
  • 10 Deduction, reduction of deduction, compensation, tax refunds, special tax regimes o Deduction, reduction of deduction, offset the tax - identification of conditions for the possibility of claiming a deduction, reduction in the deduction of the obligation, compensation tax o Recovery of taxes, special tax regimes - identification of conditions and subjects, which can be returned to duty, application of specific procedures for the calculation of tax liability o Return of VAT, comprehensive reporting, tax administration
  • 11 Excise tax and other types of consumer tax o Excise tax - the subject of tax payers of the tax, chargeability, identification of the subject of tax exemptions o Various types of consumer taxes, tariffs, calculations - calculation of consumer tax on mineral oils, calculation of consumer tax on alcohol, calculation of consumer tax on beer, calculation of consumer tax on wine and intermediate products, calculation of consumer tax on tobacco products
  • 12 Tax returns for excise taxes and other obligations of environmental tax payers o Tax returns for excise taxes - the definition of the concept, various types of taxes, the subject of tax computations, tax returns o Environmental taxes - definition of the concept, various types of taxes, the subject of tax computations, tax returns
  • 13 The obligations of indirect tax payers and/or their agents o Systems for self-assessment, making of returns and other reporting obligations o Time limits for the submission of information, claims and payment of tax, including payments on account o Procedures relating to enquiries, rulings, appeals and disputes, Sanctions for non-compliance
Literature
    required literature
  • Recent tax policy trends and reforms in OECD countries. Paris: Organisation for Economic Co-operation and Development, 2004, 170 s. ISBN 9264016570. info
  • MCGEE, Robert W. The philosophy of taxation and public finance. Boston: Kluwer Academic Publishers, 2004, viii, 313. ISBN 1402077165. info
Teaching methods
Lectures and seminars
Assessment methods
1. Ongoing tests will be written during seminars 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 seminars. • 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. • Preparation for seminars. Rating the quality of preparation for seminars with 20% resulting in a mark for assessing the quality holds: A 92 - 100% B 84 - 91% C 76 - 83% D 68 - 75% E 60 - 67% F less than 60% • A student who fails to seminars - 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 4 theoretical questions and a comprehensive treatment of accounting-tax example, with the aim of calculating the taxable amount and calculating the tax liability the business entity. The maximum achievable score is 50, the minimum for the test is 30 points. • Weight result counts 80% of the final mark. The final mark consists of: examination test (80%) + the level of preparation for seminars (20%) For the evaluation of students, the following scale is used: A 92 - 100% B 84 - 91% C 76 - 83% D 68 - 75% E 60 - 67% 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
English
Further Comments
Study Materials
The course is taught annually.
The course is also listed under the following terms Spring 2016, Spring 2017, Spring 2018, Spring 2019, Spring 2020, Spring 2022, Spring 2023, Spring 2024, Spring 2025.
  • Enrolment Statistics (Spring 2021, recent)
  • Permalink: https://is.muni.cz/course/econ/spring2021/MPF_ATAX