Value Added TaxationLaajuus (5 cr)

Objective

The object of the course
Having taken the course you can handle bookkeeping of value added tax liable entities.

Course competences
Internationality and multiculturalism
Business competence


The learning objectives of the course
In this course you will familiarize yourself with essential questions of value added taxation. You are familiar with value added tax legislation and regulations. You understand the basic concepts of value added taxation. You know how the EU-level value added tax system works. You can handle most common value added tax questions arising in bookkeeping.

Content

The course covers value added tax system on the EU level, value added tax liability, taxable sales as well as exemptions to these, private use, tax rates, deductible taxes and exemptions to them, special cases of value added tax and value added tax in intra-community sales and acquisitions, international trade and sales of services. In addition, the course covers matters relating to registration, calculation of taxes, recording, reporting and payments as well as cooperation with authorities.

Qualifications

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Assessment criteria, satisfactory (1)

Adequate 1
You are familiar with value added tax legislation and regulations. You understand the basic concepts of value added taxation. You know how the value added tax system works. You can handle most common value added tax questions arising in bookkeeping according to instructions.

Satisfactory 2
You are familiar with value added tax legislation and regulations and know how to apply these in different value added tax situations. You understand the basic concepts of value added taxation and can distinguish basic and special questions of value added taxation. You know how the value added tax system works. You can handle most common value added tax questions arising in bookkeeping according to instructions and search for tax advice when needed.

Assessment criteria, good (3)

Good 3
You are familiar with value added tax legislation and regulations and know how to apply these in different value added tax situations. You can analyze different value added tax questions. You know how the value added tax system works and can independently search for solutions to tax questions. You can handle value added tax questions arising in bookkeeping and search for tax advice when needed.

Very Good 4
You are familiar with value added tax legislation and regulations and know how to apply these in different value added tax situations. You can analyze different value added tax questions and estimate the tax effects of different solutions. You know how the value added tax system works and can independently search for solutions to tax questions. You can handle complicated value added tax questions arising in bookkeeping and know where to get tax advice. You are able to guide others in value added tax questions.

Assessment criteria, excellent (5)

Excellent 5
You are familiar with value added tax legislation and regulations and know how to apply these in different value added tax situations. You can analyze different value added tax questions and estimate the tax effects of different solutions. You know how the value added tax system works and can independently search for solutions to tax questions. You can handle complicated value added tax questions arising in bookkeeping and know where to get tax advice. You are able to be responsible for the correctness of value added taxation to different stakeholders.

Further information

The course is recommended for students both in accounting and marketing . You can choose the course during first year if you want to proceed faster in studies.