Study Guide

Objective

You will
- know the main principles of VAT and how to register or apply for registration in the VAT register
- be able to calculate the amount of VAT payable, deductible and accounted for and complete a VAT return
- know the features of the Finnish tax system and can calculate the taxable income and the amount of tax due for different types of companies
- recognise the impact of business decisions on the direct taxation of the company and the entrepreneur

Content

- Features of the Finnish tax system
- Features of the Finnish VAT system
- General provisions and specific situations of the VAT Act
- Provisions of the Business Tax Act on the taxability of income and the deductibility of expenditure
- Special features of direct taxation of different types of companies and calculation of business taxes
- Legislation: Income Tax Act, Value Added Tax Act, Act on the Taxation of Business Income

Evaluation scale

H-5