JU-407 Tax Law

The course is connected to the following study programs

• Master's Programme in Law
• Master's Programme in Accounting and Auditing
• Master's Programme in Business Administration
• Master's Programme in Business Administration (5 years)

Teaching language

Norwegian

Recommended prerequisites

JU-206 Tax Law 1 and JU-305 Tax Law 2 or equivalent.

Course contents

The course addresses the main tax rules applicable to limited liability companies and general partnerships with mutual and apportioned liability. The course provides a good understanding of tax rules for companies and corporate reorganizations, including mergers and demergers. The course will also focus on international tax law issues, including the regulations for avoiding double taxation according to internal Norwegian tax law and tax treaties, and VAT.

Learning outcomes

Upon successful completion of this course the student should be able to:

• Upon successful completion of this course the student should be able to:

• identify tax law issues and discuss and resolve these based on relevant legal arguments.

• acquire thorough knowledge of tax regulations applicable to limited companies and general partnerships with mutual and apportioned liability, including right to deduct costs directly or by realization, taxation of capital gain and losses derived by realization, taxation of dividends and provisions regarding the tax authorities possibility to legally set aside transactions.

• acquire thorough knowledge of the tax regulations regarding dividends, increase and decrease of share capital, group contributions, mergers, demergers, reorganizations and provisions regarding allocating costs and income to the applicable income year and implications to accounting

• acquire knowledge of cross border tax provisions including provisions related to Double Taxation Conventions, residential tax issues, foreign employees working in Norway and the main rules for avoiding double taxation according to Norwegian internal tax law and tax treaties.

• acquire knowledge of Value Added Tax (VAT), including VAT in connection with imports of goods and services and exceptions of VAT.

• understand the connection between the tax legislation and make a critical review of the present tax issues within the scope of the course.

Examination requirements

Approved compulsory activity. More information will be given in Canvas at the start of the semester.

Teaching methods

Lectures and group work. Estimated workload is about 200 hours.

Evaluation

The person responsible for the course, in consultation with the student representative, decides the method of evaluation and whether the courses will have a midterm- or end of term evaluation, see also the Quality System, section 4.1. Information about evaluation method for the course will be posted on Canvas.

Admission for external candidates

No

Assessment methods and criteria

4-hour written examination with letter grades.

Due to grade requirements for state authorised public accountants, a regular examination will be held both autumn and spring.