Arvonlisäverotus (5 cr)

Evaluation scale

0-5

Objective

The student knows the principles of value added tax legislation and the most relevant regulations and can master them in taxation situations encounterd in daily tasks. The student understands the importance of reporting in value added tax and knows how to take care of reporting obligations. The student can solve specific value added tax questions and knows where to find tax consultancy.

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 related to recording and registration, tax calculation, reporting and payments as well as cooperation with authorities.

Materials

Arvonlisäverolaki 1993/1501. Arvonlisäveroasetus 1994/50. Tax administration material.One of the following:Joki-Korpela, T., Jokinen, M., Klemola, A., Kontu, J. & Vilppula, T. 2012. Käytännön arvonlisäverotus. Helsinki: HKT-Media. Sirpoma, P. & Tannila, E. 2014. Arvonlisäverotus käytännönläheisesti. Helsinki: Helsingin seudun kauppakamari. Äärilä, L., Nyrhinen, R. & Hyttinen, P. 2015. Arvonlisäverotus käytännössä. Helsinki: Talentum Media.

Completion alternatives

Exam 100 %.

Student workload

Lectures 27 h Virtual study 54 h Independent study 54 h

Assessment criteria, satisfactory (1)

1 (Sufficient): The student knows partially the principles of value added tax legislation and the most relevant regulations, but cannot apply this nor take care of reporting the value added taxes independently. Skills needed in solving specific value added tax questions are insufficient.

2 (Satisfactory): The student knows the principles of value added tax legislation and the most relevant regulations, but needs a lot of tutoring when applying them and when taking care of reporting the value added taxes. Skills needed in solving specific value added tax questions are insufficient.

Assessment criteria, good (3)

3 (Good): The student knows the principles of value added tax legislation and the most relevant regulations, but needs tutoring when applying them. The student knows how to report the value added taxes. The student needs tutoring when solving specific value added tax questions.
4 (Very Good): The student knows the principles of value added tax legislation and the most relevant regulations and masters them in common taxation situations. The student knows how to report the value added taxes and can, if supported, solve specific value added tax question with the help of tax information.

Assessment criteria, excellent (5)

5 (Excellent): The student knows the principles of value added tax legislation and the most relevant regulations and masters them in taxation. The student knows how to report the value added tax obligations and can independently solve value added tax questions and knows how to choose sources of information efficiently.

Qualifications

-

Further information

The course is recommended for students both in accounting and marketing and international business operations. The course is obligatory for students specializing in Financial Management. The course can be chosen by those first year students who want to proceed faster in their studies.