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

Successful completion of the courses in accounting, accounting according to the Austrian Commercial Code (UGB) and business law.

Confidence in the demarcation and essential characteristics of different legal forms

• General overview of the Austrian tax law system
• Fundamentals of income taxation (taxation of natural persons; types of income with a focus on corporate taxation, etc.)
• Basics of corporate taxation (taxation of legal entities; deviations from and special provisions on the taxation of natural persons)
• Introduction to turnover taxation (entrepreneurial status; taxation of supplies and other services; tax exemptions; tax rates; invoice characteristics; input tax deduction)
• Comparison of the taxation of sole proprietorships / partnerships and corporations.

An in-depth knowledge of the basics of determining the taxable profit of companies is indispensable for graduates of business administration and completes the financial competences consisting of external/internal accounting as well as investment and financing. The consideration of the tax burden on company profits is essential for the economic success of a company.

Students know the importance of taxes and tax law as part of the legal system. They know the basic tax terms, the basic sources of law, the different types of taxes and are able to assign the multitude of levied taxes to them. In addition, they are able to orientate themselves in the code of tax laws, they find the respective legal regulations and understand them.

The students are able to describe the basic principles of the essential taxes (ESt, KSt, USt) and reproduce them in their own words. They know the personal and factual tax liability of income taxes ESt and KSt, the types of business income and their determination of profit. The students know about the principle of proportionality and the more-less accounting, which enables them to independently explain the most important differences between business law and tax law. They can describe the principles of taxation of partnerships and corporations in their own words and know the nature and systematics of turnover tax with its facts and the consequences for tax liability/tax exemption.

The students are able to determine the taxable profit of partnerships and corporations, they can determine which method of profit determination is to be applied on the basis of concrete facts. The students are able to make a statement as to whether a turnover is taxable or non-taxable in Austria according to the UStG.

Interactive course with lecture, case studies, exercises in individual and group work

Written exam

None

Kodex Steuergesetze. Aktuellste Auflage. Wien: Linde Verlag.

Lang, Stephanie; Unger, Peter (2019): Steuerrecht graphisch dargestellt. 7. Auflage. Wien: LexisNexis.

Werner Doralt (2021): Steuerrecht 2021. 22. Auflage. Wien: Manz.

Classes with compulsory attendance in individual teaching units (simulation game, seminars) supplemented by asynchronous teaching units for the presentation of elementary basics, which are assumed as given knowledge