Taxation of Business Entities

Syllabus

Lectures: Tax system of the Slovak Republic, the position of individual taxes in the tax system of the Slovak Republic, elements of tax technology, definition of basic terms. The need for taxation. Taxation of income from dependent activity. Principle of taxation, collection and payment of tax advances. Obligations of employees and employers. Personal income tax. Creation of partial tax bases. Income from business, other self - employed activity and rent. Income from capital assets. Other income. Personal income tax. Adjustment of the tax base. The principle of balancing the tax liability for the tax period. Payment of tax advances. Corporate income tax. Subject of the tax, transformation of the economic result into the tax base. Tax calculation, tax advances. Tax expenses. Tax depreciation. Termination of the tax entity 's business. Taxation of foreign persons. Economic hiring of labor. Value added tax. Basic principles of VAT. Mechanism of VAT application on the territory of the Slovak Republic, on the territory of the Community and against third countries. Taxable VAT transactions, subject of tax, tax base. Taxable persons and registration of VAT payers. Intra - Community acquisition of goods. Imports of goods from third countries. Application of VAT deduction. Intra-Community delivery of goods. Mail order sales. Exports of goods to third countries. Local taxes - basic principles of taxation. Specific excise duties - an overview. Basic principles of taxation. Seminars: Procedure for calculating the partial income tax base from dependent activity. Application of non-taxable parts of the tax base and tax bonus. Responsibilities and obligations of taxpayers. Practice on practical examples. Practical examples for the annual settlement of income tax from dependent activity. Methodology for quantifying partial tax bases from individual types of personal income Processing of tax returns of natural persons - model cases. Settlement of relations with the state budget. Methods of calculating the income tax base for various forms of legal entities. Tax return - model cases. Technique of applying tax depreciation. Depreciation calculation for selected groups of assets, technical evaluation of assets and its impact on the tax base. Continuous written control work on the discussed issues. Taxation of foreign persons, economic hiring of labor and application of double taxation treaties. Mechanism of application of VAT - basic principles. Specific cases of quantification of the value added tax base in domestic, Community and third country transactions. Methodology of tax deduction and application of the coefficient for tax deduction in specific situations. Annual settlement of VAT deduction. Calculation of the change in the purpose of use of the asset. Complex examples for VAT calculation. Continuous written control work on the discussed issues. Evaluation of continuous written work, granting of continuous evaluation.