Tax law

Duration

45h Th

Number of credits

Lecturer

Isabelle Richelle

Language(s) of instruction

French language

Organisation and examination

Teaching in the second semester

Schedule

Schedule online

Units courses prerequisite and corequisite

Prerequisite or corequisite units are presented within each program

Learning unit contents

Analysis of the main principles underlying the Belgian tax system, starting from the point of view of a young entrepreneur:
- tax: definition, role; fundamental rules (equality, annuality,...)
- structure of the Belgian tax system, including its relationships with other tax systems (international double taxation);
- analysis of the fundamental rules of the income tax: individual income tax: immovable, movable, professional, various income; computation of the tax; corporate income tax);
- analysis of the main rules applying to some frequent operations of the business life: acquisition of real estate, incorporation, tax treatment of managers, employees, income from capital investments, transfer of businesses.

Learning outcomes of the learning unit

The student must acquire the basic knowledge required of a manager who, in business life, must be able to understand the tax issues. This involves: - an understanding of the structure of the Belgian tax system and the main rules governing the collection of taxes; - understanding the basic mechanisms for tax collection; - knowledge of these rules; - the ability to read a tax document; - the ability to implement tax rules in order to resolve specific cases; - the ability to identify, in a concrete practical problem, the tax component, in order to find an adequate solution.

Prerequisite knowledge and skills

Good skills in French
Good knowledge in:  Belgian accountancy rules - Belgian civil law: contracts and liabilities - Belgian constitutional law - Belgian economic and company law: concept of of business concerne, company law - Basis in European law: institutions, direct effect Mathematics: basis in algebra

Planned learning activities and teaching methods

Ex cathedra - powerpoint presentations - bibliography
Learning focuses on examining the concrete issues faced by the manager, which will be linked to the analysis of the applicable tax rules. Application exercises, to be solved by the students, are regularly proposed.
It is highly recommended to work regularly and to consult the books and publications recommended in the bibliography.

Mode of delivery (face-to-face ; distance-learning)

Recommended or required readings

See the "Bibliography" posted on Lol@
Suggested readings: posted,  following news topic.

Assessment methods and criteria

Written exam with tax code - 3 parts:
MCQ - questions with "short answer" - casus.
The exam aims at controling the knowledge of the fundamental rules of taxation, basic mechanisms, as well as the capacity to apply these knowledges in practical situations.
No calculator. No mobile or any mean to have external contact, no registration.
Note: For each lecture, it is highly recommendend to have at one's disposal the Tax Code. Recent legislations will be posted on Lol@. Special student price for a Tax Code is proposed by the Centrale des Cours at HEC.

Work placement(s)

Organizational remarks

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Contacts

Isabelle.richelle@ulg.ac.be
arthur.rousseau@uliege.be

Items online