Course detail

Corporate taxation

FP-UzpoPAcad. year: 2023/2024

The course is focused mainly on domestic tax, and the company income taxation system. The purpose of this course is to teach the basic terminology and methods used to set the tax base rates and the tax liability of corporations. The course is also focused on common provisions within the laws on Corporate Income Tax and Natural Person Income Tax together with other legal regulations and rules associated with these laws, which are necessary for setting the tax base rates for corporations.

Language of instruction

Czech

Number of ECTS credits

6

Mode of study

Not applicable.

Guarantor

Ing. Pavel Svirák, Dr.

Department

Institute of Finances (ÚF)

Entry knowledge

Students are expected to have basic knowledge of accounting, financial statements, basics of business relations according to the Commercial Code.

Rules for evaluation and completion of the course

The course-unit credit is conditional on the following:
1. Active attendance at seminars where student will practise various different practical methods of calculating Tax.
2. Successful completion of a credit test – and a minimum 50 % completion of given coursework.
Conditions for passing an exam: Student has to demonstrate his/her knowledge acquired in the course and apply it in practice (in particular the determination of depreciation for different types of tangible and intangible assets, technical improvements and even on leased assets, calculation of operational and financial leaing, the determination of the tax liability for different legal entities, knowledge enhancing items and reduce profit, deductions, up to date, taxable income, non-taxable and exempt, etc.).
Form of examination: Combined – written exam followed by an oral examination if necessary.
Monitoring of students’ individual work on assigned tasks. In case of an excused absence from seminars, tutors may set additional conditions or coursework if appropriate, generally elaboration of partial written exercises.

Aims

The aim of the course is for students to master the theoretical aspects and methodology for accurate evaluation of tax liability and assessment. It is necessary for students to know the rules and regulations of the law Nr. 586/92 Sb. on Income Tax as amended. Students will learn how to apply gained knowledge to practical examples.
Students will be made familiar with the basic terminology used in the area of Corporate Income Taxation, and they will also learn individual links to other rules and regulations which can influence the tax liability of corporations. Students will be expected to apply their knowledge to particular examples.

Study aids

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

Občanská zákoník v platném znění (CS)
Obchodní zákoník v platném znění (CS)
Pokyna řady D - Finanční zpravodaj (CS)
Zákon č. 586/1992 Sb. ve znění p.p. o dani z příjmů fyzických a právnických osob (CS)

Recommended reading

Not applicable.

Classification of course in study plans

  • Programme BAK-UAD Bachelor's 2 year of study, summer semester, compulsory

Type of course unit

 

Lecture

26 hod., optionally

Teacher / Lecturer

Ing. Pavel Svirák, Dr.

Syllabus

A brief description of lectures:
- Introduction to Corporate Income Tax (defining the basic terminology and individual types of corporations and also income tax assessment).
- Tax exemption and tax base (terminology, tax-deductible items, tax allowance)
- Expenditures on achievement, on reassurance and on maintaining income; non-deductible expenses.
- Long-term tangible and intangible assets (basic terminology; depreciation; joint ownership; non-depreciable assets; assets appreciation).
- Leasing (operative and financial leasing, basic terminology, advantages and disadvantages of leasing, conditions of leasing, requirements for contracts, termination of a contract before the maturity date).
- Special tax rate and temporary and concluding provisions.
- Non-profit organizations.
- Public companies and special partnerships.
- Syndicates.
- The income tax return.
The seminars will be focused on practising the lectured topics and elaboration of case studies (both individually and in teams).

Exercise

26 hod., compulsory

Teacher / Lecturer

Ing. Pavel Svirák, Dr.

Syllabus

The seminars involve practical solutions of partial examples from the lectured material including proposing alternative solutions to various modified versions of the given example. The content of individual seminars copies the content of individual lectures.