Course code Ekon3045

Credit points 2

Taxes and Duties

Total Hours in Course80

Number of hours for lectures16

Number of hours for seminars and practical classes16

Independent study hours48

Date of course confirmation18.12.2018

Responsible UnitInstitute of Finance and Accounting

Course developer

author lect.

Baiba Mistre

Mg. oec.

Prior knowledge

Ekon1023, Microeconomics

Course abstract

The course familiarises students with the nature and calculation procedure of taxes and duties of the Republic of Latvia. Students acquire knowledge of the legal framework for taxes and duties. In practical lessons, students gain skills to calculate taxes and fill in tax returns.

Learning outcomes and their assessment

1. Students will be able to: demonstrate the knowledge and understanding of the legal framework for taxes and duties – Discussions in classes, independent work, a test.
2. Demonstrate the knowledge and understanding of the procedure of calculating taxes and duties – Test with calculations, practical assignments
3. Apply provisions of the legal framework to calculate taxes and duties – Practical assignments.
4. Calculate the most important taxes and fill in a tax return – Practical assignments.
5. Responsibly plan the completion of the assignments given – Independent work.
6. Independently acquire, select and analyse necessary information and use it in performing accounting assignments – Practical assignments.
7. Independently calculate taxes and fill in tax returns based on the legal framework for taxes and duties – Practical assignments, tests.

8. Independently analyse and calculate taxes – Practical assignments, tests.

Course Content(Calendar)

1. Tax system of the Republic of Latvia (lecture – 1 hour, practical – 1 hour)
2. State and local duties (lecture – 1 hour)
3. Personal income tax (lecture – 2 hours, practical – 2 hours)
4. Mandatory State social insurance contributions (lecture – 2 hours, practical – 3 hours)
5. Enterprise income tax (lecture – 1 hour, practical – 1 hour)
6. Micro-enterprise tax (lecture – 1 hour, practical – 1 hour)
7. Value added tax (lecture – 2 hours, practical – 1 hour)
8. Immovable property tax (lecture – 1 hour, practical – 1 hour)
Test 1: Calculation of direct taxes (1 hour)
9. Natural resources tax (lecture – 1 hour, practical – 1 hour)
10.Excise duty (lecture – 1 hour, practical – 1 hour)
11.Lottery and gambling tax (lecture – 1 hour)
12. Company car tax and vehicle operation tax (lecture – 1 hour, practical – 1 hour)
13.Electricity tax (lecture – 1 hour)

Test 2: Calculation of indirect taxes (1 hour)

Requirements for awarding credit points

The assessment of the study course (test grade) consists of:
Test 1 - 40%
Test 2 - 50%
Practical tasks - 10%
The evaluation of studies is accumulative - 100%

Description of the organization and tasks of students’ independent work

Acquire and consolidate theory material, to study normative basis and to perform practical assignments. Prepare for tests.

Criteria for Evaluating Learning Outcomes

The evaluation of the study course depends on the assessment of the tests and practical assignments- 10% are equal to one point on a 10-point marking scale.

Compulsory reading

1. Krogzeme H. Finanses un nodokļi. RTU. Inženierekonomikas un vadības fakultāte. Rīga: RTU izdevniecība, 2010. 568 lpp.
2. Leibus I. Pašnodarbināto grāmatvedība un nodokļi. Atkārtots un atjaunots 8. izdevums. Rīga: Lietišķās informācijas dienests, 2018. 147 lpp.

3. Kavale L, Joppe A. Nodokļu politikas un administrēšanas pamati: mācību līdzeklis. Rīga: LU Akadēmiskais apgāds, 2008. 80 lpp.

Further reading

1. Ketners K., Pētersone M. Eiropas Savienības nodokļu politika: mācību līdzeklis. Rīga: RTU Izdevniecība, 2014. 207 lpp.

2. Sīpola E. Mūsdienu nodokļu teorija. Rīga: RTU, 2001. 159 lpp.

Periodicals and other sources

1. Bilance: žurnāls par grāmatvedību, likumdošanu un finansēm. Rīga: SIA Lietišķās informācijas dienests, 2000. ISSN 1407-5709
2. Dienas Bizness: nedēļas laikrasts: Latvijas Biznesa avīze. Rīga: Diena: Dagens Industri, 1992. ISSN 1407-2041
3. iFinanses – žurnāls par nodokļiem, grāmatvedību, darba un komerctiesībām. Rīga: iŽurnāli. ISSN 2255-985x Pieejams: http://ifinanses.lv
4. Finanšu ministrijas mājas lapa http://www.fm.gov.lv
5. LR tiesību aktu mājas lapa. Pieejams: http:// www.likumi.lv

6. VID mājas lapa. Pieejams:http://www.vid.gov.lv

Notes

Field study course for the ESAF first level professional higher education programme “Business Studies” (part B2)