Value-added Taxation

Structure Type:	Course
Code:	LTVATH103
Type:	Elective
Level:	Bachelor
Credits:	2.0 points
Responsible Teacher:	Palomäki, Juhani
Teacher Team:	Potka-Soininen, Tuulia ; Salonen, Marja
Language of Instruction:	Finnish

Course Implementations, Planned Year of Study and Semester

Curriculum	Semester	Credits	Start of Semester	End of Semester
LITAKO-2015	2 spring	2.0	2017-01-01	2017-07-31
PK-2015	2 spring	2.0	2018-01-01	2018-07-31
LITAKO-2016	2 spring	2.0	2018-01-01	2018-07-31
PK-2016	2 spring	2.0	2019-01-01	2019-07-31

Learning Outcomes

The student is familiar with basic concepts of value-added-tax and the law and can apply them in various financial areas. Students are able to identify and describe the main factors of the value-added taxation. They understand the importance of the correct value added tax and the application of practical knowledge of various business transactions. Students are familiar with value-added tax and accounting as well as its connection to how the VAT is taken into account in the accounts. Students know the value added tax related to regulatory supervision and its importance. Students are able to apply for value added tax-related information from the relevant sources. Students are able to identify and solve the value-added tax related problems.

Student's Workload

- lectures and exercises 24 h
- independent work 30 h

Prerequisites / Recommended Optional Courses

Basics of Business Competence

- VAT Act and Decree

Mode of Delivery / Planned Learning Activities and Teaching Methods

- lectures and guided practice
- independent work

Assessment Criteria

Exellent (5): Students know the basic concepts and legislation concerning value added taxation and be able to apply them to business operations. Students know the essential basic concepts of VAT.
Good (4-3): Students know the essential basic concepts and legislation concerning VAT.
Satisfactory (2-1): Students know basic concepts of VAT.

Assessment Methods

- exam 70 %
- assignments and exercises 30 %

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