Taxation II

The teaching and learning methodology is based, initially, on the use of the expository method of the theory underlying the study of taxes in the specialty of IRC and VAT. Subsequently, and in a second phase, in the analysis and discussion of different practical tax cases. Finally, the tax framework of the cases presented is carried out, as well as the fulfillment of all underlying tax obligations.

The Taxation II curricular unit has the following objectives:

i) analyze and study taxes, IRC (corporate income tax) and VAT (value added tax), in the normative and technical specialty, promoting interdisciplinarity with other branches of knowledge, especially accounting, management, economics, auditing and law;

ii) analyze and discuss the different tax options offered to companies within the scope of IRC and VAT;

iii) provide future professionals with a set of tax knowledge that allows them to rigorously ensure compliance with all tax obligations regarding IRC and VAT;

To achieve the objectives, the teaching method is based on a combination of exposition of theory with the resolution and discussion of practical cases.

At the end, the student must have the following skills:

a) frame all tax options and challenges for companies regarding IRC and VAT;

b) complete and comply with companies’ tax obligations, in terms of IRC and VAT, in particular with the fulfillment of tax declarations (Model 22 and VAT Declaration);

c) provide tax advice to companies.

I – The Portuguese tax system

1. Justification of corporate taxation

2. Evolution of tax reforms in Portugal

II – Corporate Income Tax

1. Incidence on IRC

2. Tax mitigations

3. Determination of tax profit and taxable income

3.1 Concept of taxable profit and equity variation

3.2 Switching from accounting profit to tax profit and the main tax corrections

3.3 Calculation of taxable income and deduction of tax losses

4. Settlement and payment of tax

4.1. IRC rates

4.2. Collection deductions

5. Payments on account and withholding taxes

6. Municipal and state spill

7. Autonomous Taxes

8. IRC Obligations

9. Completing the Income Declaration – Model 22

III – Value Added Tax

1. VAT in the European Union

2. Characteristics of VAT

3. VAT incidence

4. Rules for location of taxable transactions

5. Taxable event and tax liability

6. Exemptions

7. Taxable value

8. Fees

9. The right to deduction and methods of deducting VAT

10. Calculation, obligations and periodic VAT declaration

11. Special VAT regimes