Tax Accounting

General

• Code: 753
• Semester: 7th
• Study Level: Undergraduate
• Course type: Special Background
• Teaching and exams language: Greek
• Teaching Methods (Hours/Week): Lectures and Practice work (3)
• ECTS Units: 6
• Course homepage: https://elearning.cm.ihu.gr/course/view.php?id=891
• Instructors: Kyriakou Maria
• Class Schedule:
  • Thu 13:00 - 16:00: ΚΥΡΙΑΚΟΥ, ΑΜΦ 1
• Exams Schedule:
  • 12/09/2024, 13:00 - 15:00: Κυριακού

Course Contents

1. Introduction to Greek Accounting Standards and Tax Accounting.
2. Reference to the concepts of income and income tax.
3. Imposition of tax on physical persons – independent taxation of special cases.
4. Categories of income (from real estate, securities, commercial enterprises, agricultural enterprises, hired services, and professional services).
5. Imposition of the tax on legal entities. Determination of taxable material based on expenditure.
6. Completing the tax return forms for physical and legal persons.
7. Advance-withholding and return of tax.
8. Tax certification process.
9. Obligations – statute of limitations. Administrative and criminal sanctions.
10. Tax calculation, examples.
11. Accounting entries of taxes, declaration advances and distribution of profits.
12. Periodic VAT declaration. Practical applications in VAT matters.
13. Module outline.

Educational Goals

The general aim of the module is for the students to understand the principles and the way of taxation of the income obtained by physical and legal persons and to be able to complete and check all the tax returns they provide. By coming into contact with most forms of the Independent Revenue Authority, students will be able to complete and check the income declarations of natural and legal persons. Also, to be able to use their knowledge and understanding in tax matters, in keeping accounting records, the method of paying VAT, as well as the timing of updating them.

Upon successful completion of the course, the students will be able to:

• Know the provisions of the income tax code concerning the taxation of physical and legal persons.
• Distinguish the various sources of income of natural persons and the way of taxation of each one of them.
• Calculate the tax of the various sources by issuing invoices for various cases.
• Distinguish the way of taxation of the various types of legal entities, the joint-stock company, the hetero-system company, the limited liability company, the joint-stock company, the Cooperative, civil law and others.
• Calculate the tax of different types of legal entities by issuing invoices for various cases.
• Know the VAT calculation and payment procedures.
• Explain the results and suggest correcting some changes.
• Compare the results and draw useful conclusions.

General Skills

• Independent work
• Decision making
• Production of free, creative and inductive thinking.

Teaching Methods

• In the classroom, face to face.

Use of ICT means

• Basic software (windows, word, power point, the web, etc.).
• Support of learning process through the electronic platform / e-class.

Teaching Organization

Students Evaluation

Written final exams (60%) that may include:

• Judgemental questions
• Short answer questions
• Application exercises
• True/false and multiple choice questions
• Composite theoratical questions

In each question, corresponding evaluation points are specified.
Optional assignment (Essay writing and presentation) corresponds to 40% of the final grade.

Recommended Bibliography

1. Καραγιώργος Θ., Φορολογική Πρακτική, Εκδόσεις Αφοί Θ. Καραγιώργου ΟΕ, 2017.
2. Γκίνογλου Δ., Φορολογική Λογιστική (τόμος Α’), Εκδόσεις Broken Hill, 2017.

Related Research Journals

Accounting, Organizations and Society; British Tax Review; Journal of Accounting and Public Policy; Journal of International Accounting, Auditing and Taxation; Journal of the American Taxation Association; Advances in Taxation; Journal of Tax Administration; κ.ά.