ØKB2006 Tax Laws 1
Course description for academic year 2021/2022
Contents and structure
The course shall give the student knowledge abut the tax system, such as calculating taxes for individuals. The course includes mainly:
: Full tax liability and limited tax liability.
Tax domicile and location based taxes.
The realization principle and the cash principle.
Work income, capital income, and capital profits.
Deductions related to your income and other deductible expenses.
Taxation of married couples, common-law spouses, and children.
Taxable property in local and national equations.
Learning Outcome
Knowledge
The Student :
- Knows the main rules for income- and property taxation for individuals.
- Knows the main principles for determination of input value for assets received as gift or heritage.
- Knows how to plan the future taxation.
- Knows the basic tax administration law, tax payment and central rules for severability.
- Knows basic principles for taxation of businesses
- Knows fundamental principles of Norwegian value-added tax legislation
Skills
The Student :
- Can calculate general income, personal income, and taxable property based on the Norwegian tax laws, regulations, tax decisions and tax assessments.
- Knows how to calculate net taxes, social security, bracket tax, and property tax based on Norwegian tax laws, directives, tax decisions and tax assessments.
- Can estimate the consequences of alternative tax decisions.
- Is able to do ethical reflections regarding future taxation
- Can calculate outgoing and incoming VAT, as well as carry out simple tax settlement.
General Qualifications
The Student :
- Can acquire relevant new knowledge within the areas of knowledge and skills as mentioned above.
- Is able to express central subject matter through relevant forms of expression and discuss views and experiences with other professionals.
- Can consider the course in a larger context in a social perspective.
Entry requirements
None
Recommended previous knowledge
None
Teaching methods
Lectures, group exercises, and guidance on taxation problems.
Compulsory learning activities
None
Assessment
Individual home examination, 7 days, 30%
Written school exam, 4 hours, 70%
A pass is needed in both parts
Grade scale A-F
Examination support material
Part 1, Home exam (individual); All printed and written study aids may be used
Part 2, Written exam; All calculator models allowed, Tax Law with regulations (Skattelovsamling med forskrifter)
https://www.hvl.no/student/eksamen/hjelpemiddel-ved-eksamen/
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