Tax Law

RET14 Tax Law

Autumn 2022

Spring 2023
  • Topics

    The course covers the following topics:

    - the concept of tax, taxable persons, tax objects, the purpose of taxation and the calculation basis for income tax

    - treatment of the different income types: income derived from labour, capital and business activity

    - stipulation of gross income and deductions within and outside an enterprise

    - wealth tax

    - brief presentation of the taxation of Norwegian taxable persons’ income and assets abroad and foreign taxable persons’ income and assets in Norway under Norwegian domestic law

    - taxation of companies and partners in partnerships, with particular emphasis on limited liability companies and shareholders

    - calculation of personal income in sole proprietorships

  • Learning outcome

    Knowledge

    • Fundamental understanding of basic concepts and principles relating to income and wealth taxation, and the legal methodology applied to the stipulation of taxable income and wealth for labour, capital, company and wealth taxation purposes.

    Skills

    • Capable of calculating taxable income and wealth for physical and legal persons, more precisely capable of
      • calculating taxable income for physical persons as regards capital income, income from employment, and gains,
      • calculating taxable wealth for physical persons,
      • determining whether wealth or income is taxable in Norway under Norwegian tax law (knowledge of tax treaties is not required),
      • calculating taxable income (general and personal income) from activities in a sole proprietorship,
      • calculating taxable income for limited liability companies, including taxable income from the company and assets in the company for shareholders.

    General competence

    Capable of identifying and taking a stance on tax law issues, keeping up to date about tax law topics and communicating knowledge in the field to others.

  • Teaching

    Plenary lectures

    - Practical assignments

    - Assignments for submission

    If ordinary teaching activities on campus are not possible due to the coronavirus pandemic, the course will be taught either using digital solutions alone or a combination of physical and digital teaching.

  • Credit reduction due to overlap

    Equivalent to RET014

  • Compulsory Activity

    Students must submit two assignments that are assessed as approved/not approved.

    Note: Compulsory course activities may take place before the formal registration deadline.

  • Assessment

    Written school exam, 4 hours.

  • Grading Scale

    A-F

  • Computer tools

    Use of Canvas and the internet.

  • Literature

    Frederik Zimmer: Lærebok i skatterett, Universitetsforlaget, siste utgave, kap. 3 - 14 og 16-17.

    Arvid Aage Skaar og Roy K. Kristensen: Lærebok i bedriftsskatterett, Gyldendal Juridisk, siste utgave, kap. 18.

    Ole Gjems-Onstad: Skattelover og sentrale forskrifter, studenthefte, siste utgave.

    Recommended reading:

    Frederik Zimmer (red.): Bedrift, selskap og skatt, Universitetsforlaget, smost recent edition (the parts of the publication that cover the course topics).

Overview

ECTS Credits
7.5
Teaching language
Norwegian
Semester

Spring. Will be given spring 2022.

Course responsible

Tormod Torvanger, Department of Accounting, Auditing and Law