ØKB2006 Tax Laws 1

Contents and structure

The course shall give the student knowledge abut the tax system, such as calculating taxes for individuals. The course includes mainly:

Tax liability to Norway: Full tax liability and limited tax liability.

Tax domicile: Tax domicile and location based taxes.

Accruals: The realization principle and the cash principle.

Taxable income: Work income, capital income, and capital profits.

Deductible expenses: Deductions related to your income and other deductible expenses.

The correct tax object: Taxation of married couples, common-law spouses, and children.

Taxable property: Taxable property in local and national equations.

Principles for taxation of businesses.

Fundamental principles of Norwegian value-added tax legislation.

Learning Outcome

Knowledge

The Student :

• Knows the main rules for income- and property taxation for individuals.
• Knows the main principles for determination of input value for assets received as gift or heritage.
• Knows how to plan the future taxation.
• Knows the basic tax administration law, tax payment and central rules for severability.
• Knows basic principles for taxation of businesses
• Knows fundamental principles of Norwegian value-added tax legislation

Skills

The Student :

• Can calculate general income, personal income, and taxable property based on the Norwegian tax laws, regulations, tax decisions and tax assessments.
• Knows how to calculate net taxes, social security, bracket tax, and property tax based on Norwegian tax laws, directives, tax decisions and tax assessments.
• Can estimate the consequences of alternative tax decisions.
• Is able to do ethical reflections regarding future taxation
• Can calculate outgoing and incoming VAT, as well as carry out simple tax settlement.

General Qualifications

The Student :

• Can acquire relevant new knowledge within the areas of knowledge and skills as mentioned above.
• Is able to express central subject matter through relevant forms of expression and discuss views and experiences with other professionals.
• Can consider the course in a larger context in a social perspective.

Entry requirements

None

Recommended previous knowledge

None

Teaching methods

Lectures, group exercises, and guidance on taxation problems.

Compulsory learning activities

None

Assessment

Individual home examination, 7 days, 30%

Written school exam, 4 hours, 70%

A pass is needed in both parts

Grade scale A-F

Examination support material

Part 1, Home exam (individual); All study aids may be used.

Part 2, Written exam; All calculator models allowed, Tax Law with regulations (Skattelovsamling med forskrifter), Lovdata Pro i generell eksamensmodus.

https://www.hvl.no/student/eksamen/hjelpemiddel-ved-eksamen/

More about examination support material

Course reductions

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