Tax System

• 26 hrs lectures
• 26 hrs exercises

The aim of the course is to get students acquainted with the taxes included in the current tax system of the Czech Republic. The course is designed to provide students awareness of particular taxes and to provide them necessary knowledge in order they could be able to fill out the tax returns to direct taxes. Within the concept of the course, the emphasis is put on the legal regulation on personal income tax.
Students will get acquainted with the structure of particular taxes contained in the tax system of the Czech Republic. Students will master basic terminology and skills necessary for understanding common tax questions and issues, as well as the knowledge necessary to deal simpler tax problems. Students will be able to process tax returns for direct taxes for simpler cases.

Knowledge of basic accounting, knowledge of accounting reports, elementary knowledge of civil law.

• Aktuální články vztahující k daňové problematice (odborné časopisy jako např. Daně a právo v praxi, Poradce).

1. Tax system - definition, development, meaning, comparison of tax systems, determinants of tax systems, influence of EU law on the formation of tax systems, design elements of tax laws.
2. Personal income tax (subject matter, exemptions, personal income tax - in general)
3. Personal income tax (income from dependent activity, income from independent activity).
4. Personal income tax (income from capital, rental and other income).
5. Personal income tax (means of tax optimisation (non-taxable parts of the tax base, items deductible from the tax base, tax rebates, tax returns, annual settlement of advances).
6. Road tax - subject, exemption, taxpayer, tax base, tax rate, tax return.
7. Real estate tax - land tax (subject, exemption, taxpayer, tax base, tax rate, tax return)
8. Real estate tax - tax on buildings and units (subject, exemption, taxpayer, tax base, tax rate, tax return).
9. Corporate income tax (taxpayers, subject matter, exemptions, tax base).
10. Corporate income tax (tax rate, tax optimisation options, tax return).
11. Value added tax (principle of operation against the background of EU regulation, subject of tax).
12. Value added tax (tax base, tax rates, tax returns, mandatory reporting).
13. Reserve, discussion of selected issues

The content of the seminars is practice of the lectured topics and working on examples.

Credit

1. Active participation in seminars.

2. Passing the credit tests (at least 50% of the total number of points for each of them).

a) class exam I - personal income tax (the test takes 75 minutes)

b) class exam II - corporate income tax, road tax and tax on immovable property (60 minutes)

The content of the class exam is the solution of model examples, including the completion of relevant tax returns or the determination of the resulting tax liability.

Exam

The exam is written and is cross-sectionally focused on verifying the knowledge gained. The exam takes the form of a test - 30 questions with sub 3 sub-questions (only one answer is correct). Min. 50% of the total possible points is a condition to successfully pass the exam. The test takes 30 minutes. Scoring the answers in the exam test: - correct answer: + 1 point - not answered: 0 points - wrong answer: - 1 point

Final classification

The examination is classified according to ECTS. The final classification of the subject is influenced by the work during the semester (see below).

Share in the final evaluation:

- credit tests (50%);

- exam test (50%).

Additional information on the completion of the course

Depending on the development of the epidemiological situation, the form and method of the credit examinations may be modified (including a change to the on-line form); the examination may be conducted on-line.

Students will be informed in advance of the relevant changes and the measures taken in relation to the online examination.

Attendance at lectures is not compulsory. Participation in seminars is compulsory and active participation by students is required. If there are more than two excused absences, the student will have extra assignments.