Curricular Unit:Code:
Corporate Tax System987FEMP
Year:Level:Course:Credits:
3UndergraduateBusiness Sciences3 ects
Learning Period:Language of Instruction:Total Hours:
Portuguese/English39
Learning Outcomes of the Curricular Unit:
Understand what corporate taxation is, and what problems it poses to commercial companies.
Understand the relationship of companies with the State (Government)
Know the main corporate obligations with regard to taxes: informational, declarative and contributory.
Know the structure of the main taxes involving companies: IRS, IVA, IRC and others.
Interpret the legislation (tax codes) and draw assertive and useful conclusions.
Develop a capacity for synthesis and be able to critically analyze situations related to taxation.
Syllabus:
Need for taxes.
Portuguese tax structure: main taxes
Importance of companies and their informative role.
Corporate obligations in relation to the tax administration.
The role of companies in the IRS.
The role of companies in VAT.
VAT structure: Incidence, exemptions, fees.
Accounting for VAT and reporting obligations.
The IRC: tax on profits
IRC structure: Incidence, exemptions, fees.
Accounting taxable income
Corrections to accounting profit: limitations and tax rules
IRC liquidation and mod. 22
Autonomous taxation
Other taxes: Stamp Duty, IMI and IMT.
Demonstration of the Syllabus Coherence with the Curricular Unit's Objectives:
At the end of the course the student should be able to know the tax environment of companies and the importance they assume in information to the State (tax administration), in the collection / retention of taxes.
You will learn about the structure of the main taxes, namely corporate obligations, under the IRS and VAT.
Knowing the tax rules, you should analyze the information provided and decide on your tax framework, consulted and interpreting the tax codes.
You should be able to interact with different areas of the company, namely accounting and human resources.
The knowledge acquired should make it possible to calculate the amount of taxes payable and to identify the reporting obligations.
Must be able to work in an interdisciplinary group and communicate with experts in other areas.
Teaching Methodologies (Including Evaluation):
Theoretical and practical classes, where the theoretical foundations and basic concepts will be exposed. Exercising, using practical cases, aiming at the solidification of knowledge, but fundamentally developing the interpretative, critical analysis and synthesis capacities. Encouraging autonomous work, identifying problems and solving them.
The assessment of competences will be assessed based on the performance of 2 mid-term tests (with a weighting of 50% each in the final grade).
Demonstration of the Coherence between the Teaching Methodologies and the Learning Outcomes:
In terms of instrumental skills, the theoretical exposition will provide students with basic general knowledge, as well as inform them about the main problems posed by taxation to companies. With the exercise and individual work the student will develop the ability to analyze and organize his work, being able to identify the responsibilities of the companies towards the State. When students are proposed to identify and solve problems, consulting tax legislation, discussion will be promoted, developing interpersonal, relationship and tolerance skills. The practical cases, will allow the student to develop the ability to apply knowledge in practice, promote the need for research, develop research / research skills, to learn for themselves and to be able to adapt the knowledge to new situations or even seek, through critical analysis , generate new ideas (creativity). This will provide the student with the systemic skills necessary for his professional future.
Reading:
Sarmento, Joaquim M., Matos, Catarina, Manual teórico-Prático, do IVA, Almedina, 2ª edição 2020 (ISBN 9789724084732).
Sarmento, Joaquim M., Matos, Catarina, Manual teórico-Prático, do IRC, Almedina, 3ª edição 2020 (ISBN 9789724084893).
Fiscal 2020, vários autores, Porto Editora, 2ª edição, 2020 (ISBN 9769726002609).
Código do IRS - Autoridade tributária
Código do IVA - Autoridade tributária
Código do IRC - Autoridade tributária
Navais, Casalta, J., Direito Fiscal, Almedina, Coimbra, 11ª ed., 2019 (ISBN: 9789724078755).
Freitas Pereira, M.H., Fiscalidade, Almedina, Coimbra, 6ª ed., 2018.
Mehrotra HC, Goyal SP, Corporate Tax Planning and Management, Agra, 18ª edição 2020 (ISBN 978-93-5173-078-1)
Stephen Schwarz, at al, Fundamentals of Busines Entreprise Taxation: Cases and matereals, Foundation Press; 7ª edição 2019 (ISBN 13: 978-1642428797 or 1642428795)