Introduction to Company Law and Tax Law

Introduction

The course is divided into two main parts. The first part covers fundamental principles and rules in corporate law, while the second part addresses basic principles within direct taxation. In practice, there is a close interaction between corporate law and tax law, and the course will provide an understanding of this interplay.

Course content

The course covers the following topics:

Corporate Law:

• Overview of ownership forms and different ways to organize business activities.
• Basic features of EU and EEA corporate law.
• Fundamental aspects of private limited companies and public limited companies, including:
  • Rules regarding the incorporation of the company.
  • Rules regarding the company's share capital and equity.
  • Shareholder rights.
  • Rules concerning the transfer and restrictions on the transfer of shares.
  • Rules regarding the company's organization, including the rights and authority to enter into agreements on behalf of the company.
  • Rules regarding the use of the company's assets.
  • Rules regarding capital changes.
  • Basic features of limited partnerships.

Tax Law:

• Tax Law overview
  • Tax Law and the legal system
  • Sources of (tax) law
  • General tax principles and methodology
  • Ethics and tax morale
  • Analysis of a tax scenario
     
• Tax Administration Law
  • The tax return (completion and submission)
  • Duty of loyalty, disclosure and filing
  • Duty of confidentiality and exchange of information
  • Self-assessment, amendment and assessment by the Tax Administration
  • Administrative procedure, notice, and justification of decisions
  • Audits, penalties, appeals and judicial review
     
• Basic Tax Law
  • Rules on tax liability to Norway
  • Ordinary income and personal income
  • Classification of income (employment, capital and business income etc.)
  • Deductions
  • Realisations, gains, and losses
  • Calculation of tax (tax rates and tax resolutions)
  • Accounting for tax purposes
  • Basic wealth taxation and tax on housing
     
• Introduction to Corporate Taxation
  • Shareholder Model and Partnerships
  • Participation Exemption and group contributions
  • Enterprise Model
  • Depreciation
  • Restructuring
  • Value Added Tax (VAT)
  • Other taxes
• •  

Disclaimer

This is an excerpt from the complete course description for the course. If you are an active student at BI, you can find the complete course descriptions with information on eg. learning goals, learning process, curriculum and exam at portal.bi.no. We reserve the right to make changes to this description.