Taxation (5cr)

Objective

The student knows the characteristics of the Finnish tax system and isable to calculate taxable income and the amount of taxes. S/he can fillin the tax form for different types of companies and is capable ofestimating the effect of business decisions on the direct taxation ofthe company and the entrepreneur. The student understands the basics ofvalue added taxation and knows how to register with the local taxationauthorities. S/he can calculate output tax, input tax and the amount oftax payable as well as to fill in the periodic tax return form.

Content

The structure and characteristics of the Finnish tax system, regulationsof the Income Tax Act and the Taxation Procedure Act concerningcorporate taxation, regulations of the corporate tax law pertaining totaxable income and deductible expenses, special features of directtaxation in different types of companies, the outline of the Finnish VATsystem, general regulations and special circumstances of the FinnishVAT Act.