Advanced Tax Law and VAT

The course covers Norwegian income tax law for companies and business owners, with the main emphasis on specialization in selected issues. In addition, an overview of wealth taxation, key topics in VAT law and an introduction to Norwegian international tax law are included, as well as developments in international cooperation to prevent and combat tax evasion.

The course's position of function in the study.

The course will enable students to identify tax and excise law issues and legal sources, and to use the legal sources to derive rules for resolving tax and excise issues for companies and business owners. Students must be able to calculate the tax base for Norwegian tax and fee subjects. The course will enable students to make the necessary tax planning in connection with business transfers, mergers, demergers, etc. and other types of equity transactions in companies. The course will facilitate that the students in the course "valuation" can acquire knowledge about the valuation of tax positions in companies and in connection with shares. The course will provide a basis for reflection on tax moral issues related to the organization and restructuring of business.

Knowledge:

At the end of the semester, the student has knowledge of:

• the Norwegian tax system and special knowledge of Norwegian corporate taxation
• the tax rules for joint stock companies and shareholders
• tax consequences of changes in equity and reorganisations
• the rules on the tax authorities' discretionary determination of taxable income between parties in a joint venture
• the main rules of Norwegian international tax law
• national and international rules to prevent double taxation and tax evasion
• has knowledge of Norwegian VAT Act with emphasis on:
  • Taxable turnover, exemption from VAT and turnover that is exempt from the VAT Act
  • Deduction for input VAT
  • VAT and withdrawal of goods and services
  • VAT and real property

• Has knowledge of central Supreme Court rulings on VAT.

Skills:

At the end of the semester, the student can:

• calculate tax and value added tax for Norwegian tax and duty subjects
• the student identifies and solves tax and excise issues using the legal method
• identify and account for tax purposes of issues related to pricing in communities of interest.
• Assess national and international rules for the prevention of international double taxation and tax evasion
• Reflect on ethical issues related to tax planning
• can calculate output VAT on sales and deductible input VAT on purchases of goods and services.

During the semester, the student can give a written presentation of a tax or VAT issue.

General competence:

Reference is made to learning objectives for general competence at program level, and the description of the course's position and function in the study program.

Lectures and assignment seminars.