Course aims:

Acquiring the knowledge specific to taxation, expressed through the knowledge, understanding and use of the specific language, as well as by explaining the issues raised;
Training and development of students' ability to use tax legislation;
Training of skills regarding calculation of taxes and fees;
Developing the students’ capacity of management of taxes and fees;
Training the skills of analysis and interpretation of the information provided by the tax records.

Course Entry Requirements:

None

Course contents:

1. Introduction to fiscal system; 2. Tax on incomes of micro-enterprises; 3. Profit tax; 4. Tax specific to certain activities; 5. Income tax; 6. Value added tax; 7. Excises; 8. Local taxes and fees.

Teaching methods:

Lecture, explication, conversation, exemplification, exercise, case study

Learning outcomes:

• To define the concepts used by fiscal system; • To explain the methodology for calculation of taxes and fees; • To calculate taxes and fees.

Learning outcomes verification and assessment criteria:

• Evaluation criteria: level and accuracy of knowledge, scientific rigor of language; • Evaluation methods: oral examination (80% of the grade), students' assessments (20% of the grade)

Recommended reading:

ACCACE, Tax Guideline for Romania, https://accace.com/tax-guideline-for-romania/, Bucharest, 2019, (on www).
KPMG, Romania - Income Tax, https://home.kpmg/xx/en/home/insights/2011/12/romania-income-tax.html, Bucharest, 2019, (on www).
PWC, Romania Corporate - Taxes on corporate income, http://taxsummaries.pwc.com/ID/Romania-Corporate-Taxes-on-corporate-income, Bucharest, 2019, (on www).
European Commission, Taxation Trends in the European Union, https://ec.europa.eu/taxation_customs/sites/taxation/files/taxation_trends_report_2019.pdf, Luxembourg, 2019, (on www).
European Fiscal Board, Assessment of EU fiscal rules, https://ec.europa.eu/info/sites/info/files/2019-09-10-assessment-of-eu-fiscal-rules_en.pdf, Brussels, 2019, (on www).