Tax Law

Course	L-502-SKAT
Semester	5
ETCS	8
Core	Yes

Year	3. year
Semester	Fall 2024
Level of course	1. First cycle, introductory
Type of course	Core
Prerequisites	No prerequisites.
Schedule	Five lectures a week
Lecturer	No lecturer found.
Content
Emphasis is placed on students becoming familiar with the tax law in force, other legal sources and the principal view on their interpretation. The definition of the term tax and the demands that are in force regarding taxation rights in Icelandic law. A special emphasis is placed on law regarding the taxation of legal entities, financial income, value added tax, the organization of the tax system and procedure in the field of tax law.
Learning outcome - Objectives
On completion of the course students should: be prepared for assignments relating to the application of tax law, whether as an advocate, in administration, in tax consulting or in relation to other safeguarding of interests. Have gained a deeper knowledge about the scope and purview of tax legislation and have received training in applying said legislation, whether it’s from a litigators standpoint or for administrative purposes. Be able to realise the tax legislations unique standing with regard to the Icelandic constitution. Students should be able to apply the tax legislation and other legal documents to solve practical assignments relating to the taxation of private parties as well as legal entities. Know the fundamental rules of Value Added Tax.
Course assessment
Practical assignment (40%) and final examination (60%)
Reading material
No reading material found.
Teaching and learning activities
Lectures
Language of instruction	Icelandic