Value added tax
- Credits: 4
- Ending: Examination
- Range: 0P + 2C
- Semester: summer
- Year: 2
- Faculty of Economic Informatics
Teachers
Included in study programs
Teaching results
The aim of the training is to acquire knowledge in the field of value added tax, to consolidate and deepen knowledge and skills in keeping accounting records and to acquire skills in keeping the prescribed records of persons liable to pay tax. Acquisition of competence to compile a tax declaration for value added tax, a control statement for value added tax and a summary statement for value added tax.
By completing the course, students will gain:
knowledge - identification of taxable persons, rules of compulsory and voluntary registration, assessment of taxable transactions and mastering the rules of value added tax taxation, possibilities of exemption, rules of taxation in triangular trade, correction of the tax base
skill - calculation of own tax liability, excessive deduction, application of procedures necessary for proportional deduction of tax by coefficient,
competence - compilation of tax declaration for value added tax, compilation of control report for value added tax, compilation of summary statement for value added tax.
Indicative content
The course is focused on the practical application of knowledge in the field of value added tax legislation, the mechanism of operation of value added tax, which were the content of conditional courses. Procedures and solutions from selected areas of value added tax taxation are illustrated on application examples and case studies, which are focused on more complex taxable transactions and schemes. Tax registration and cancellation of registration. Identification of taxable persons. Proof of cross - border deliveries. Three sided shop. Import and export of goods. Deduction of tax, origin of the right and exercise of the right to deduct tax. Proportional tax deduction, calculation and application of the coefficient. Refund of tax paid in another Member State of the European Union. Invoice, corrective invoice - issuing and archiving. Record keeping of taxable transactions, VAT declaration, VAT control report, VAT summary report.
Syllabus
1. Subject of tax, taxable persons, registration obligation, cancellation of registration, tax base, tax rates, foreign currency conversion, rounding. 2. Taxable transactions: supply of goods and provision of services in the country. 3. Taxable transactions: acquisition of goods in the country from another Member State, importation of goods into the country. 4. Place of taxable business. 5. Tax liability. Taxable persons. Incurrence of tax liability upon receipt of payment. Transfer of tax liability. 6. Tax exemption. 7. Triangular trade. 8. Deduction of tax, origin of the right and exercise of the right to deduct tax. Proportional tax deduction, calculation and application of the coefficient. Adjustment of deductible tax. 9. Record keeping. 10. Tax period, Value added tax declaration, Value added tax control report, Value added tax summary report. 11. Tax refund. 12. Special arrangements for the application of the tax. 13. Tax representative on import of goods, tax representative on acquisition of goods from another Member State, tax liability.
Requirements to complete the course
26 hours of seminars
26 hours of preparation for the seminars
26 hours of preparation for the continuous written essay (40 % of the overall grading)
26 hours of preparation for the final written exam (60 % of the overall grading)
Total study load (in hours): 104
Student workload
26 hours of seminars
26 hours of preparation for the seminars
26 hours of preparation for the continuous written essay (40 % of the overall grading)
26 hours of preparation for the final written exam (60 % of the overall grading)
Total study load (in hours): 104
Language whose command is required to complete the course
slovak
Date of approval: 10.02.2023
Date of the latest change: 04.01.2022