Course detail

Personal income tax

FP-UzfoPAcad. year: 2024/2025

During the course students are acquainted with the issues of personal income tax. Attention will be given to the basic principles of personal income tax, methods for establishing the tax base and tax liability of individuals. The students will also be acquainted with the non-taxable portions of the tax base, items deductible from the tax base and tax rebates for individuals. More detailed attention will be given to the taxation of individual sources of income, such as income from employment, non-salaried income, capital, rent and other income. Students will be introduced not only to standard cases of personal income tax but also with selected special cases such as income from securities, on closing down an individual’s business, etc.

Language of instruction

Czech

Number of ECTS credits

6

Mode of study

Not applicable.

Guarantor

doc. Ing. Mgr. Karel Brychta, Ph.D.

Department

Institute of Finances (ÚF)

Entry knowledge

A knowledge of accountancy, the basics of business law and trade licensing law.

Rules for evaluation and completion of the course

The course is completed with a credit and an exam.

To pass the credit it is necessary to meet the conditions as stated below:
- an active attendance at the seminars (the attendance at the seminars is compulsory; the absence is discused with the teacher; the students are obliged to have relevant study materials at their disposal and work individually on the tasks submitted);
- to pass and within the set term commit a seminar assignment and present the work (students work in groups).

The exam consists of two parts:
a) a complex example for which also a tax return shall be filled in ;
b) a test with a choice of one correct answer

To pass the exam it is necessary to get at least 50 % of the overall points available in each part. In the event that the student fails only one part, it is always necessary to resit the entire exam, that is both its parts! The students are allowed to use act on income taxes (its non-commented wording) during the exam. The examination is graded according to the ECTS scale.

Method of evaluation of the course for students with ISP

a) Preparation of partial tasks (assignments for exercises) and term papers. The student is obliged to submit the sub-assignments within the deadlines.
b) Examination according to the conditions mentioned above.

Attendance at the lectures is not compulsory.

Attendance at the seminars is compulsory. If the absence is going on, it's compulsory to discus it with the teacher in advance. The absences must be reported in the intraportal - scetion STUDIS - ELECTRONIC APOLOGY.  Students with absences can have extra assignments.

Aims

The objective is to acquaint students with personal income tax so that they can apply the knowledge gained to specific cases in practice.

Knowledge: Students will know the individual types of taxable personable income, tax-free incomes and incomes that are not subject to tax as well as the principles of calculating tax liabilities, preparing tax returns, reports for health insurance companies and the social insurance administration.
Skills: Students will be able to identify individual types of taxable income, assign to them taxable expenses and choose criteria for calculating the optimum tax liabilities.
Abilities: Students can produce a tax return for personal income tax, i.e. define the optimum approach for calculating the tax liabilities.

Students learn the principles of personal income tax, which they will then be able to apply when resolving specific practical situations. Students will be able to determine the resulting personal tax liability (for tax residents of the Czech Republic), including various types of income and at the same time apply appropriate instruments for tax optimisation.

Study aids

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

ČESKO. Zákon č. 586/1992 Sb., o daních z příjmů, ve znění pozdějších předpisů. In: Zákony pro lidi. Dostupné z: https://www.zakonyprolidi.cz/cs/1992-586?text=586%2F1992. (CS)

Recommended reading

Daňová evidence jako metoda evidence hospodářských transakcí podnikatelů DUŠEK, Jiří a SEDLÁČEK, Jaroslav. Daňová evidence podnikatelů 2024. 21. vyd. Praha: Grada, 2024. ISBN 978-80-271-5240-7. (CS)
HNÁTEK, Miloslav. Zcela legální daňové triky 2024: pro podnikatele, svobodná povolání, pronajímatele, zaměstnance, studenty, seniory. 8. vyd. Praha: Grada, 2024. ISBN 978-80-908801-1-5. (CS)
PELCL, Vladimír a PECL, Vladimír. Daně z příjmů s komentářem. 19. aktual. vyd. Olomouc: ANAG, 2024. ISBN 978-80-7554-368-4. (CS)
VYCHOPEŇ, Jiří. Meritum Daň z příjmů 2024. 20. vyd. Praha: Wolters Kluwer, 2024. 978-80-7676-806-2. (CS)

Elearning

eLearning: currently opened course

Classification of course in study plans

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

Type of course unit

 

Lecture

26 hod., optionally

Teacher / Lecturer

Ing. Dagmar Kalová, Ph.D.

Syllabus

The basic topics covered in the lectures are as follows:

  1. Introduction to the subject and to personal income tax. Methodology for determining the tax base and tax liability of individuals (subject matter, exemptions).
  2. Methodology for determining the tax base and tax liability of individuals (tax base, tax rate).
  3. Non-taxable parts of the tax base, items deductible from the tax base and tax rebates.
  4. Tax discounts and deductions.
  5. Income from dependent activities
  6. Income from self-employment
  7. Social insurance and health insurance
  8. Joint income and expenditure, collaborating persons
  9. Principles for assessing the effectiveness of selected expenses, tax base adjustments
  10. Income from capital assets, rental income, other income
  11. Change of method of applying expenses, change from bookkeeping to tax records and vice versa, cessation of business
  12. Special types of income
  13. Repeating and preparing for the examination

Exercise

26 hod., compulsory

Teacher / Lecturer

Ing. Dagmar Kalová, Ph.D.

Syllabus

The seminars contain practice on the lectured topics and working on the assigned tasks.

  1. Introduction to the subject and to personal income tax. Methodology for determining the tax base and tax liability of individuals (subject matter, exemptions).
  2. Methodology for determining the tax base and tax liability of individuals (tax base, tax rate).
  3. Non-taxable parts of the tax base, items deductible from the tax base and tax rebates.
  4. Tax discounts and deductions.
  5. Income from dependent activities
  6. Income from self-employment
  7. Social insurance and health insurance
  8. Joint income and expenditure, collaborating persons
  9. Principles for assessing the effectiveness of selected expenses, tax base adjustments
  10. Income from capital assets, rental income, other income
  11. Change of method of applying expenses, change from bookkeeping to tax records and vice versa, cessation of business
  12. Special types of income
  13. Repeating and preparing for the examination

Elearning

eLearning: currently opened course