Study programme 2019-2020 | Français | ||
Taxation - VAT & Corporation Tax 1 | |||
Programme component of Master's in Business Engineering à la Warocqué School of Business and Economics |
Students are asked to consult the ECTS course descriptions for each learning activity (AA) to know what assessment methods are planned for the end of Q3 |
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Code | Type | Head of UE | Department’s contact details | Teacher(s) |
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UW-M1-IGGEST-005-M | Compulsory UE | VANDERNOOT Julien | W765 - Finances publiques et Fiscalité |
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Language of instruction | Language of assessment | HT(*) | HTPE(*) | HTPS(*) | HR(*) | HD(*) | Credits | Weighting | Term |
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| Français | 30 | 0 | 0 | 0 | 0 | 3 | 3.00 | 2nd term |
AA Code | Teaching Activity (AA) | HT(*) | HTPE(*) | HTPS(*) | HR(*) | HD(*) | Term | Weighting |
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W-FPFI-020 | Taxation - VAT & Corporation Tax 1 | 30 | 0 | 0 | 0 | 0 | Q2 | 100.00% |
Programme component |
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Objectives of Programme's Learning Outcomes
Learning Outcomes of UE
The VAT & ISOC 1 course will address the first basic concepts of VAT (scope, tax base, category of taxable persons, obligations, right to deduct) and further develop the corporate tax. This course will thus enable students to master the general principles of tax law, determine the corporation tax result (based on the accounting result) and the tax costs (from the different accounting or financial choices made), evaluate the tax risks of his company, to make financial decisions with a view to tax optimization in all legality (while also keeping in mind, from a financial point of view, the choices of investment and financial management decisions ), find the tax information in the income tax code (ITC92) or the code on value added tax (VAT) in a context of national taxation. Students will also be confronted with the risks in case of tax audit and how to apprehend them. Students should ideally have as a prerequisite accounting (tax principle 'primacy of accounting law on tax law except where the tax law expressly derogate') and personal income tax (Article 183 of the ITC92).
At the end of the course, students will be able to determine the corporation tax result, perform a tax analysis of the financial statements of a company, identify tax opportunities and control tax risks that revolve around taxation . They will be aware of the particularities of the categories of VAT payers and specific rules on the location of services or intra-Community supplies / acquisitions of goods. Many links with finance and operational management of a company will be exposed during the sessions.
Content of UE
The VAT & ISOC 1 course will address the first basic concepts of VAT (scope, tax base, category of taxable persons, obligations, right to deduct) and further develop the corporate tax. This course will thus enable students to master the general principles of tax law, determine the corporation tax result (based on the accounting result) and the tax costs (from the different accounting or financial choices made), evaluate the tax risks of his company, to make financial decisions with a view to tax optimization in all legality (while also keeping in mind, from a financial point of view, the choices of investment and financial management decisions ), find the tax information in the income tax code (ITC92) or the code on value added tax (VAT) in a context of national taxation. Students will also be confronted with the risks in case of tax audit and how to apprehend them. Students should ideally have as a prerequisite accounting (tax principle 'primacy of accounting law on tax law except where the tax law expressly derogate') and personal income tax (Article 183 of the ITC92).
At the end of the course, students will be able to determine the corporation tax result, perform a tax analysis of the financial statements of a company, identify tax opportunities and control tax risks that revolve around taxation . They will be aware of the particularities of the categories of VAT payers and specific rules on the location of services or intra-Community supplies / acquisitions of goods. Many links with finance and operational management of a company will be exposed during the sessions.
Prior Experience
- Basic knowledge of civil law and commercial law; - Accounting and financial statement; - Personal income tax.
Type of Assessment for UE in Q2
Q2 UE Assessment Comments
Written examination through multiple choice form (one point for each right answer, minus one for each wrong answer, zero if no answer) and open questions.
Type of Assessment for UE in Q3
Q3 UE Assessment Comments
Same as for Q2 evaluation.
Type of Teaching Activity/Activities
AA | Type of Teaching Activity/Activities |
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W-FPFI-020 |
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Mode of delivery
AA | Mode of delivery |
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W-FPFI-020 |
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Required Reading
AA | |
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W-FPFI-020 |
Required Learning Resources/Tools
AA | Required Learning Resources/Tools |
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W-FPFI-020 | - Slides; - Written note; - Income tax code and VAT code; |
Recommended Reading
AA | |
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W-FPFI-020 |
Recommended Learning Resources/Tools
AA | Recommended Learning Resources/Tools |
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W-FPFI-020 | Not applicable |
Other Recommended Reading
AA | Other Recommended Reading |
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W-FPFI-020 | Not applicable |
Grade Deferrals of AAs from one year to the next
AA | Grade Deferrals of AAs from one year to the next |
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W-FPFI-020 | Authorized |