Taxes and Accounting 2

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Name of lecturer(s):

Learning outcomes of the course unit:

This course continues Tax and Accounting 1. Its aim is to consolidate and expand knowledge gained in the Tax and Accounting 1 course. Retirement tax is expanded to social and health insurance cases and in detail regarding knoelge about tax issues. The course also includes VAT issues (focusing on an understanding of the VAT principle and internal transactions), issues of the tax system and issues in the non-profit sector.

Mode of study:

Theory through lecture. Theory presentation linked to discussions of practice examples created for students.

Prerequisites and co-requisites:

Completion of high-school education and course Tax and Accounting 1.

Course contents:

1/ Review of course Tax and Accounting 1 material (1 lecture)

- verification of basic knowledge of tax issues

- terminology

- personal and corporate income tax

2/ Personal Income tax (3 lectures)

- cases in social and health insurance in the calculation of pure income from dependent activity (employment)

- cases in social and health insurance from entrepreneurial income

3/ Corporate income tax - focusing primarily on accounting and the non-profit sector (3 lectures)

- detailed presentation of accounting issues

- particulars of non-profit sector taxation

4/ VAT (4 lectures)

- explanation of the taxpay vs payer of taxes issues

- Basic taxation mechanisms - exit taxes and right to refund

- basic aspects of tax obligation transfer

- Tax declaration for VAT.

5/ Other direct and indirect taxes (1 lecture)

- Brief information about property taxes, roadway taxes, consumer taxes and ecology taxes and customs.

6/ Subsequent tax and other obligations (1 lecture)

- communicating with the tax office - submission of tax declaration, fines and penalties

- account closing audit.

Recommended or required reading:

-Regulation No#. 586/1992 Sb., Income tax, latest version,

-Regulation No#. 563/1991 Sb., Accounting, latest version

-Regulation No#. 235/2004 Sb., VAT, latest version

-Regulation No# 280/2009 Sb., Tax regulation, latest version

- Other literature assigned in lecture.

Assessment methods and criteria:

Participation in lectures (20%)

On-going tests during the semester (40%)

Oral exam in theory and practice examples (40%)

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Further information:

No schedule has been prepared for this course

The subject is a part of the following study plans:

• Production - Bachelor-1718 (required subject)
• Production - Bachelor-1718-3y (required subject)