Information on individual educational components (ECTS-Course descriptions) per semester

Financial Accounting according to the Austrian Business Enterprise Code

General overview of Austrian tax law  Fundamentals of income taxation (taxation of natural persons; categories of income focusing on business taxation etc.) Fundamentals of corporate taxation (taxation of legal persons; derogations and special provisions on the taxation of natural persons) Introduction to VAT taxation (entrepreneurs- property; taxation of supplies and other services; tax exemptions; tax rates; accounting features; VAT deduction) Comparison of taxation of individual companies/partnerships and corporations

Knowledge - Students know the importance of taxes and tax law as part of the legal system. - Students know the basic tax concepts. - Students know different types of taxes and are able to classify a variety of implemented taxes. - Students know the basic legal sources and their legal status. - Students are able to describe the fundamental principles of the main taxes (income tax, corporation tax, VAT). - Students know the personal and factual tax liability of income tax and corporation tax. - Students know operational categories of income and their tax accounting. - Students know the authoritative principle and an overview of the effects of profit and thus the most significant differences between corporate law and tax law. - Students are able to describe the principles of taxation of partnerships and corporations. Students know the basic principles of taxation of capital assets. - Students know the essence and classification of the value added tax. - Students know the facts of the value added tax and as a result the tax liability/exemption. - Students know the characteristics of an invoice according to the Austrian value added tax law (UStG) and input tax deduction. Comprehension - Students are able to understand basic tax concepts and explain the importance of taxes. - Students are able to orient themselves in Austrian tax law. - Students understand the difference between taxation of partnerships and corporations. - Students understand that the consideration of the tax burden on a companys profit is essential for the economic success of a company. Application - Students are able to determine the taxable income of partnerships and corporations. - Students are able to determine what type of income accounting method is to be applied based on specific facts. - Students are able to make a statement as to whether a transaction is taxable in Austria according to the value added tax law (UStG) or not. Analysis - Students are able to examine the tax burden of different legal forms using a case study. Synthesis - Students are able to state recommendations for the design of fiscal annual results. Evaluation - Students are able to examine and evaluate the impact of tax policy choices.

Lecture exercises/case studies as an individual/in a group

Comprehensive written examination, 90 minutes.

None

Kodex Steuergesetze. Aktuellste Auflage. Wien: Linde Verlag. Lang, Stephanie; Unger, Peter: Steuerrecht graphisch dargestellt. Aktuellste Auflage. Wien: LexisNexis Verlag. Werner Doralt: Steuerrecht. Aktuellste Auflage. Wien: Manz Verlag.

Face-to-face