International Tax Law -VATLaajuus (2 cr)
Code: FEK25VIIA03
Credits
2 op
Objective
Student:
-understand value-added tax (VAT) in the context of intra-community trade and export/import.
-can prepare the required government reports related to VAT in international trade.
Content
-value-added tax (VAT) and reporting for intra-community trade of goods and services
-reporting process for export and import
-reverse charge
-invoicing requirements in international trade
-applicable legislation in the area
Qualifications
Basics of Accounting
Foreign Trade in Practice
Assessment criteria, satisfactory (1)
The student can understand the significance of value-added tax (VAT) in intra-community trade and export/import.
The student is familiar with the VAT reports required in international trade.
The student can read and understand the government reports required for VAT in international trade.
The student understands the invoicing requirements for international trade.
Assessment criteria, good (3)
The student can understand and analyze the significance of value-added tax (VAT) in intra-community trade and export/import.
The student can prepare and understand the accounting implications of the government reports required for VAT in international trade.
The student is familiar with and can describe the VAT reports that should be submitted for business transactions in international trade.
The student can prepare an invoice that meets the requirements for invoicing in international trade.
Assessment criteria, excellent (5)
The student can understand and analyze the significance of value-added tax (VAT) in intra-community trade and export/import in depth.
The student can prepare and understand the accounting implications of the government reports required for VAT in international trade with high precision.
The student is familiar with and can describe the VAT reports that should be submitted for business transactions related to international trade in great detail.
The student can prepare an invoice that meets the requirements for invoicing in international trade and ensure that all legal requirements have been fulfilled.