IMP201 Taxes and Duties

Code IMP201
Name Taxes and Duties
Status Compulsory/Courses of Limited Choice
Level and type Undergraduate Studies, Academic
Field of study Economics
Faculty Department of Customs and Taxes
Academic staff Māris Jurušs, Aivars Vilnis Krastiņš, Sandra Bāliņa, Igors Kukjans
Credit points 3.0 (4.5 ECTS)
Parts 1
Annotation Structure and elements of the taxation system: state taxes and duties, state dues, duties imposed by local governments. State taxes and duties forming the taxation system. Tax and duty payers, entities subject to taxation, tax and duty rates, payment procedure. Tax payers' rights, responsibilities and liability..
Goals and objectives
of the course in terms
of competences and skills
Taxes and fees are the basic discipline which provides a notion on tax systems, the tax system typology, main tax system principles, possibilities and limitations of tax planning and optimization within a financial management system, and gives knowledge on the international tax planning proficiency. Objectives of the course are to study the tax system and tax payment planning principles on the corporate level; acquire the tax system elements, taking into consideration differences in the tax object, tax rates, tax incentives and payment advantages; improve ability to calculate taxes and duties, ability to use calculation results in corporate decision making and financial management decision j
Learning outcomes
and assessment
Able to implement basic knowledge of tax theories, tax legislation, tax terminology and its main elements - Individual work Work in groups Exam
Able to calculate the personal income tax, social contributions, understand tax payments in advance and by tax return, peculiarities of tax payments - Practical assigments Test
Able to calculate the corporate income tax, microenterprice tax, make taxable income adjustments and justify the tax return calculation - Practical assigments Test
Able to calculate the value added tax tax, microenterprice tax, make taxable income adjustments and justify the tax return calculation - Practical assigments Test
Course prerequisites Knowledge about economics, budget, state revenues

[Extended course information PDF]